Form 4: Credo Technology Group COO Lam Yat Tung Reports Share Disposal for Tax Obligations
SEC Form 4 Filing
Credo Technology Group's COO, Lam Yat Tung, disposed of shares to cover tax obligations related to RSU vesting.
Summary
- On April 5, 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 related to the vesting and settlement of Restricted Stock Units (RSUs).
- The shares were disposed of at a price of $33.3 per share.
- Following the transaction, Lam Yat Tung directly owns 2,786,099 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.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to insider transactions for tax purposes, and does not indicate any significant positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company insiders. This transaction is related to tax obligations from vested RSUs, a common form of executive compensation.
Key Dates
| Date | Description |
|---|---|
| 04/05/2025 | Date of share disposal transaction |
| 04/08/2025 | Date of signature on the Form 4 filing |
Keywords
Form 4, Credo Technology Group, CRDO, Lam Yat Tung, Chief Operating Officer, Share Disposal, RSU, Tax Withholding, Beneficial Ownership
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