Form 4: Credo Technology Group Director Tan Lip Bu Sells Shares
SEC Form 4 Filing
Director Tan Lip Bu reported the sale of Credo Technology Group Holding Ltd shares on July 2nd and 3rd, 2024.
Summary
- Tan Lip Bu, a director of Credo Technology Group Holding Ltd, filed a Form 4 detailing changes in beneficial ownership.
- On July 2, 2024, he sold 894 ordinary shares at a weighted average price of $31.7545.
- On July 3, 2024, he sold 7,756 ordinary shares at a weighted average price of $31.8796.
- Following these transactions, he indirectly owns 3,338,779 shares through Walden Technology Ventures Investments II, L.P., 48,736 shares through A&E Investment LLC, and 167,583 shares through the Lip-Bu Tan and Ysa Loo Trust.
- He also directly owns 49,166 ordinary shares.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting share sales by a company director. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
This filing is a routine disclosure related to insider trading activities, which are common in publicly traded companies. The information is relevant to investors tracking insider sentiment and potential stock movements.
Stakeholder Impact
- Shareholders may interpret the share sales as a signal, although the director retains a significant ownership stake.
- The impact on employees, customers, suppliers, and creditors is likely minimal, as this is a personal transaction of a director.
Key Dates
| Date | Description |
|---|---|
| 02/03/1992 | Date of the Lip-Bu Tan and Ysa Loo Trust |
| 07/02/2024 | Date of first reported transaction (sale of 894 shares) |
| 07/03/2024 | Date of second reported transaction (sale of 7,756 shares) |
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