Form 4: Credo Technology Group Director Tan Lip Bu Sells Shares
SEC Form 4
Director Tan Lip Bu of Credo Technology Group Holding Ltd. reports selling shares in multiple transactions between September 30 and October 2, 2024.
Summary
- Tan Lip Bu, a director of Credo Technology Group Holding Ltd, has reported the sale of ordinary shares.
- On September 30, 2024, 13,820 shares were sold at a weighted average price of $31.1198.
- On October 1, 2024, 61,180 shares were sold at a weighted average price of $30.1709.
- On October 2, 2024, 150,000 shares were sold at a weighted average price of $30.4984.
- Following these transactions, Tan Lip Bu indirectly owns 2,638,725 shares through Walden Technology Ventures Investments II, L.P., 39,736 shares through A&E Investment LLC, and 133,583 shares through the Lip-Bu Tan and Ysa Loo Trust.
- He also directly owns 49,166 ordinary shares.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it simply reports the sale of shares by a director. It doesn't inherently indicate positive or negative prospects for the company.
Industry Context
This filing is a routine disclosure of insider trading activity, which is common for directors and officers of publicly traded companies. The information is used by investors to gauge management's sentiment and confidence in the company.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies and their insiders.
- The level of detail provided in this filing is consistent with SEC requirements.
- Comparable companies would have similar filings when their directors or officers trade company stock.
Stakeholder Impact
- The sale of shares by a director could be perceived negatively by shareholders, potentially leading to a decrease in stock price.
- However, it could also be a personal financial decision and not necessarily indicative of the company's performance.
Key Dates
| Date | Description |
|---|---|
| 02/03/1992 | Date of the Lip-Bu Tan and Ysa Loo Trust |
| 09/30/2024 | Date of first reported transaction: Sale of 13,820 shares |
| 10/01/2024 | Date of second reported transaction: Sale of 61,180 shares |
| 10/02/2024 | Date of third reported transaction: Sale of 150,000 shares |
| 10/02/2024 | Date of signature on the Form 4 filing |
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