Form 4: Credo Technology Group CFO Sells Shares to Cover Tax Obligations

Credo Technology Group's Chief Financial Officer, Daniel W. Fleming, sold shares to cover tax obligations related to the vesting of restricted stock units.

Summary

• Daniel W. Fleming, the Chief Financial Officer of Credo Technology Group Holding Ltd, sold a portion of his ordinary shares.
• The sales were executed on January 2, 2025, and January 5, 2025, to cover tax withholding obligations.
• On January 2, 2025, 7,852 shares were sold at a price of $70.93 per share.
• On January 5, 2025, 2,460 shares were sold at a price of $72.39 per share.
• Following these transactions, Mr. Fleming beneficially owns 642,354 ordinary shares.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction for tax purposes, not indicative of any positive or negative sentiment towards the company's performance.

Industry Context

This is a routine transaction for executives who receive stock-based compensation. It is common for executives to sell shares to cover tax obligations when restricted stock units vest.

Comparison to Industry Standards

• Sales of shares by executives to cover tax obligations are a common practice across the technology industry.
• Many companies use restricted stock units (RSUs) as part of their compensation packages, leading to similar tax-related sales.
• Comparable companies such as Marvell Technology and Broadcom often see similar filings from their executives.

Stakeholder Impact

• The share sales by the CFO are unlikely to have a significant impact on shareholders, employees, customers, suppliers, or creditors as they are routine transactions.

Key Dates

Keywords

Credo Technology Group, CRDO, insider trading, Form 4, share sale, tax obligations, Daniel W. Fleming, CFO, restricted stock units, RSUs