Form 4: Credo Technology Group Holding Ltd: Officer Cheng Chi Fung Reports Share Disposal for Tax Obligations

Chief Technology Officer Cheng Chi Fung reports the disposal of ordinary shares to cover tax obligations related to RSU vesting, while also disclosing holdings in the Cheng Huang Family Trust.

Summary

• On March 1, 2025, Cheng Chi Fung, Chief Technology Officer of Credo Technology Group Holding Ltd, disposed of 1,522 ordinary shares to satisfy tax withholding obligations related to the vesting and settlement of Restricted Stock Units (RSUs).
• The shares were disposed of at a price of $55.18 per share.
• Following the transaction, Cheng Chi Fung directly owns 123,841 ordinary shares.
• Cheng Chi Fung also indirectly owns 8,213,602 ordinary shares through the Cheng Huang Family Trust, where he and his spouse are trustees and beneficiaries.
• He disclaims beneficial ownership of these shares except to the extent of his and his spouse's pecuniary interest.

Sentiment

Score: 6

Explanation: The document is a standard regulatory filing related to stock transactions for tax purposes. It doesn't inherently indicate positive or negative sentiment, but rather reflects routine financial activity.

Industry Context

This Form 4 filing is a routine disclosure related to executive compensation and tax obligations, common in publicly traded companies. It provides transparency into the transactions of company insiders.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a small disposal of shares by an executive for tax purposes.

Key Dates