Form 4: Credo Technology Group Holding Ltd: CEO William Joseph Brennan Reports Changes in Beneficial Ownership
SEC Form 4 Filing
CEO William Joseph Brennan of Credo Technology Group Holding Ltd reports a transaction involving ordinary shares to cover tax obligations related to vesting RSUs.
Summary
- On October 4, 2024, William Joseph Brennan, the President and CEO of Credo Technology Group Holding Ltd, reported a transaction involving the company's ordinary shares.
- The transaction involved the disposal of 6,149 ordinary shares at a price of $32.57 to satisfy tax withholding obligations related to the vesting and settlement of Restricted Stock Units (RSUs).
- Following the reported transaction, Brennan directly owns 509,205 ordinary shares.
- Brennan also indirectly owns 2,529,738 ordinary shares through The Brennan Family Trust, DTD 09/06/2002, but disclaims beneficial ownership except to the extent of his pecuniary interest.
Sentiment
Score: 5
Explanation: This is a neutral report on insider trading activity related to tax obligations. It doesn't inherently indicate positive or negative sentiment.
Industry Context
This is a standard SEC Form 4 filing, which is a routine disclosure related to insider transactions. It is common for executives to sell shares to cover tax obligations when RSUs vest.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine sale of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 09/06/2002 | Date of The Brennan Family Trust |
| 10/04/2024 | Date of transaction involving ordinary shares |
| 10/08/2024 | Date of signature for the report |
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