Form 4: Credo Technology Group COO Lam Yat Tung Sells Shares Under 10b5-1 Trading Plan

Chief Operating Officer of Credo Technology Group, Lam Yat Tung, executed multiple sales of ordinary shares on February 18, 2025, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• Lam Yat Tung, the Chief Operating Officer of Credo Technology Group Holding Ltd, sold ordinary shares on February 18, 2025.
• The sales were executed under a Rule 10b5-1 trading plan adopted on July 2, 2024.
• A total of 170,000 shares were sold in multiple transactions at varying prices.
• The shares were sold at prices ranging from $72.235 to $76.77.
• Following the transactions, Lam Yat Tung directly owns 2,825,621 ordinary shares.
• Lam Yat Tung indirectly owns 1,100,000 ordinary shares through Zhan BVI Co Ltd, disclaiming beneficial ownership except to the extent of any pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting insider transactions. The sentiment is neutral as it simply reflects the execution of a pre-arranged trading plan.

Industry Context

Insider sales are a common occurrence, and the use of a 10b5-1 trading plan suggests the sales were pre-planned and not based on any specific non-public information. Investors often monitor insider transactions for signals about a company's prospects, but pre-planned sales are generally viewed as less informative.

Stakeholder Impact

• The share sales by a key executive could be perceived negatively by some shareholders, although the existence of a 10b5-1 plan mitigates this concern.

Key Dates