4/A: Credo Technology Group Director Corrects Vesting Period in Amended SEC Filing
SEC Form 4/A Amendment
Clyde Hosein, a director at Credo Technology Group Holding Ltd, filed an amendment to a previous Form 4 to correct the vesting period of restricted stock units.
Summary
- Clyde Hosein, a director at Credo Technology Group Holding Ltd, filed an amended Form 4 with the SEC on April 8, 2024, to correct an error in the vesting period of restricted stock units reported in a previous filing on April 4, 2024.
- The amendment clarifies that one-third of the restricted stock units will vest annually on April 3, 2025, April 3, 2026, and April 3, 2027, contingent upon Hosein's continued service with the company.
- The filing also indicates that Hosein acquired 16,353 ordinary shares on April 3, 2024, at a price of $0, resulting in a total of 16,353 ordinary shares beneficially owned.
Sentiment
Score: 6
Explanation: The document is a routine correction of a previous filing, indicating a neutral sentiment. It doesn't suggest any significant positive or negative implications for the company's performance.
Industry Context
This is a standard SEC filing related to insider transactions and corrections, common for publicly traded companies.
Key Dates
| Date | Description |
|---|---|
| 04/03/2024 | Date of earliest transaction: Acquisition of 16,353 ordinary shares. |
| 04/03/2025 | First vesting date for one-third of the restricted stock units. |
| 04/03/2026 | Second vesting date for one-third of the restricted stock units. |
| 04/03/2027 | Third vesting date for one-third of the restricted stock units. |
| 04/04/2024 | Date of original filing with incorrect vesting period. |
| 04/08/2024 | Date of amended filing to correct vesting period. |
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