Form 4: Credo Technology Group Director Pantas Sutardja Sells Shares Under 10b5-1 Plan
SEC Form 4
Director Pantas Sutardja sold 1,875 ordinary shares of Credo Technology Group Holding Ltd at a weighted average price of $46.0099 on May 1, 2025, under a pre-arranged 10b5-1 trading plan.
Summary
- On May 1, 2025, Pantas Sutardja, a director of Credo Technology Group Holding Ltd, sold 1,875 ordinary shares of the company.
- The sale was executed at a weighted average price of $46.0099 per share, with individual trades ranging from $45.51 to $46.39.
- The transaction was conducted under a Rule 10b5-1 trading plan adopted on June 26, 2024.
- Following the transaction, Sutardja directly owns 5,900,527 ordinary shares.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing simply reports a sale of shares under a pre-arranged trading plan, which is a common practice.
Industry Context
Sales by insiders are a normal part of corporate governance. The use of a 10b5-1 plan suggests the sales were pre-planned and not based on any inside information.
Stakeholder Impact
- The sale of shares by a director could have a minor negative impact on shareholder sentiment, but the existence of a 10b5-1 plan mitigates this concern.
Key Dates
| Date | Description |
|---|---|
| June 26, 2024 | Date the reporting person adopted the Rule 10b5-1 trading plan |
| 05/01/2025 | Date of the transaction (sale of shares) |
| 05/05/2025 | Date of the signature on the Form 4 filing |
Keywords
Credo Technology Group, CRDO, Pantas Sutardja, Form 4, insider trading, 10b5-1 plan, share sale, director
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