Form 4: Credo Technology Group COO Lam Yat Tung Sells Shares

Credo Technology Group's Chief Operating Officer, Lam Yat Tung, executed multiple sales of ordinary shares on March 11, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On March 11, 2024, Lam Yat Tung, the Chief Operating Officer of Credo Technology Group Holding Ltd, sold ordinary shares of the company.
• The sales were executed in multiple transactions at varying prices, ranging from $20.41 to $21.85 per share.
• These transactions were carried out under a pre-existing Rule 10b5-1 trading plan adopted on July 13, 2023.
• Lam Yat Tung sold a total of 93,990 shares directly.
• After the reported transactions, Lam Yat Tung directly owns 3,065,968 ordinary shares.
• Lam Yat Tung also indirectly owns 1,040,000 shares through Chung BVI Co Ltd and 1,470,000 shares through Zhan BVI Co Ltd.
• The reporting person disclaims beneficial ownership of these indirectly held shares except to the extent of any pecuniary interest therein.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the share sales were conducted under a pre-arranged trading plan, suggesting they were not necessarily based on current company performance or outlook.

Industry Context

This filing is a routine disclosure of insider trading activity. It is important to monitor such filings to understand the sentiment of company executives regarding the company's prospects. However, the sales were executed under a pre-arranged 10b5-1 trading plan, which limits the impact of the information.

Stakeholder Impact

• The share sales by a key executive could potentially create uncertainty among shareholders, although the existence of a pre-arranged trading plan mitigates this concern.

Key Dates