Form 4: Credo Technology Group Holding Ltd: Officer Disposes of Shares to Cover Tax Obligations
SEC Form 4 Filing
Katherine Schuelke, Chief Legal Officer & Secretary of Credo Technology Group Holding Ltd, disposed of shares to cover tax withholding obligations related to the vesting of RSUs.
Summary
- On February 26, 2024, Katherine Schuelke, Chief Legal Officer & Secretary of Credo Technology Group Holding Ltd, disposed of 7,452 ordinary shares.
- The shares were disposed of to satisfy tax withholding obligations related to the vesting and settlement of Restricted Stock Units (RSUs).
- The transaction was executed at a price of $22.31 per share.
- Following the transaction, Schuelke directly owns 312,548 ordinary shares.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to insider transactions for tax purposes, indicating a neutral sentiment.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company officers and directors. This transaction is related to tax obligations from vested RSUs, a common form of executive compensation.
Key Dates
| Date | Description |
|---|---|
| 02/26/2024 | Date of transaction: Disposal of ordinary shares. |
| 02/27/2024 | Date of signature on the Form 4 filing. |
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