Form 4: Credo Technology Group Director Sells 10,000 Shares

Director David Zinsner sold 10,000 shares of Credo Technology Group Holding Ltd on December 15, 2023, at a price of $19.43 per share.

Summary

• On December 15, 2023, David Zinsner, a director of Credo Technology Group Holding Ltd, sold 10,000 ordinary shares of the company.
• The shares were sold at a price of $19.43 per share.
• Following the transaction, Zinsner directly owns 49,166 ordinary shares of Credo Technology Group Holding Ltd.
• A Power of Attorney was executed on January 26, 2024, appointing Katherine E. Schuelke as attorney-in-fact for Section 16 filings.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing a share sale by a director. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.

Industry Context

This is a standard Form 4 filing, indicating a change in beneficial ownership by a company insider. These filings are common and provide transparency into the trading activities of company directors and officers.

Comparison to Industry Standards

• Form 4 filings are a standard regulatory requirement for publicly traded companies in the United States, ensuring transparency in insider trading.
• Similar filings are made by directors and officers of companies like Marvell, Broadcom, and Nvidia when they buy or sell shares of their respective companies.

Stakeholder Impact

• The sale of shares by a director could be perceived negatively by some shareholders, but it's a relatively small transaction and may not have a significant impact.

Key Dates