Brennan William Joseph 4
Research Summary
AI-generated summary
Credo (CRDO) CEO Brennan William Joseph Sells Shares
What Happened
Brennan William Joseph, CEO of Credo Technology Group Holding Ltd (CRDO), sold a total of 68,016 shares on January 29, 2026 in a series of open-market transactions for aggregate gross proceeds of approximately $8,684,907. Individual lots traded at prices ranging roughly from $123.76 to $134.78 (weighted-average prices reported for grouped trades), producing an overall average price of about $127.7 per share. All sales are reported as sales (S) and were effected pursuant to a Rule 10b5-1 trading plan adopted April 15, 2025 (footnote F1).
Key Details
- Transaction date: January 29, 2026; Form 4 filed February 2, 2026 (timely — within the SEC two-business-day rule).
- Total shares sold: 68,016; total proceeds: ~$8.685 million.
- Price range reported across lots: approximately $123.76 to $134.78; several lots were executed as multiple trades and are reported as weighted-average prices (see footnotes F2–F13 and F10–F13 for ranges).
- Footnote F1: Sales were made under a 10b5-1 trading plan adopted April 15, 2025.
- Footnote F14: Reporting person disclaims beneficial ownership of certain shares except to the extent of his pecuniary interest.
- Transaction type: S = Sale.
- Shares owned after transaction: not specified in the excerpt provided.
Context
Sales executed under a Rule 10b5-1 plan are pre-scheduled transactions and are commonly used by insiders to sell shares for liquidity or diversification; they do not necessarily reflect contemporaneous changes in the insider’s view of the company. For retail investors, purchases generally carry stronger signaling value than routine plan-based sales. If you want the exact per-trade breakdown (individual trade prices/quantities for the grouped lots), the filing footnotes state the reporting person will provide that information on request.