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

Chief Technology Officer Cheng Chi Fung reports the disposal of shares to cover tax obligations related to vested RSUs.

Summary

• On July 5, 2024, Cheng Chi Fung, Chief Technology Officer of Credo Technology Group Holding Ltd, disposed of 2,460 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 $31.63 per share.
• Following the transaction, Cheng Chi Fung directly owns 134,391 ordinary shares.
• Cheng Chi Fung also indirectly owns 9,443,602 ordinary shares through the Cheng Huang Family Trust, where he and his spouse are trustees and beneficiaries; he disclaims beneficial ownership except to the extent of his and his spouse's pecuniary interest.

Sentiment

Score: 5

Explanation: Neutral sentiment as it's a routine transaction for tax purposes.

Industry Context

Form 4 filings are standard practice for company insiders to report transactions in their company's stock, providing transparency to investors.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine disposal for tax purposes.

Key Dates