Form 4: Credo Technology Group COO Lam Yat Tung Transfers Shares to Charitable Foundation

Credo Technology Group's COO, Lam Yat Tung, reports a transfer of 20,000 ordinary shares to a charitable foundation and indirectly holds 1,000,000 shares through Zhan BVI Co Ltd.

Summary

• On April 9, 2025, Lam Yat Tung, the Chief Operating Officer of Credo Technology Group Holding Ltd, reported a transaction involving the company's ordinary shares.
• Mr. Lam transferred 20,000 ordinary shares to the Evelyn Job and April Foundation, a charitable foundation over which he and his spouse share voting and investment power.
• The transfer was a disposition (D) of shares, with a price of $0.
• Following the transaction, Mr. Lam directly owns 2,766,099 ordinary shares.
• Mr. Lam 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 reporting person disclaims beneficial ownership of these indirectly held shares except to the extent of any pecuniary interest therein.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing (Form 4) detailing a share transfer. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about insider transactions.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates changes in beneficial ownership of Credo Technology Group shares by a key executive.

Stakeholder Impact

• The transfer of shares to a charitable foundation may have a minor impact on shareholders, as it changes the ownership structure slightly.
• The impact on other stakeholders (employees, customers, suppliers, creditors) is likely negligible.

Key Dates

Keywords

Form 4, Credo Technology Group, Lam Yat Tung, Ordinary Shares, Beneficial Ownership, Zhan BVI Co Ltd, Evelyn Job and April Foundation, COO, CRDO