Form 4: Credo Technology Group COO Lam Yat Tung Reports Share Disposal for Tax Obligations

Chief Operating Officer of Credo Technology Group, Lam Yat Tung, reports the disposal of shares to cover tax withholding obligations related to RSU vesting.

Summary

• On March 1, 2025, Lam Yat Tung, the Chief Operating Officer of Credo Technology Group Holding Ltd, disposed of 3,174 ordinary shares to satisfy tax withholding obligations.
• The shares were disposed of at a price of $55.18 per share.
• Following the transaction, Lam Yat Tung directly owns 2,812,447 ordinary shares.
• Lam Yat Tung also indirectly owns 1,000,000 ordinary shares through Zhan BVI Co Ltd, but disclaims beneficial ownership except to the extent of any pecuniary interest.
• The report was signed by James Laufman, attorney-in-fact, on March 4, 2025.

Sentiment

Score: 5

Explanation: Neutral sentiment as the filing relates to a routine transaction for tax purposes and doesn't indicate a change in the executive's overall confidence in the company.

Industry Context

Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors. This filing indicates a standard practice of covering tax obligations through share disposals.

Stakeholder Impact

• The disposal of shares by a company executive may have a minor impact on shareholder sentiment, but is unlikely to be significant given the reason for the transaction.

Key Dates