Laufman James 4
Research Summary
AI-generated summary
Credo (CRDO) CLO James Laufman: 6,350 Shares Withheld for Taxes
What Happened
- James Laufman, Chief Legal Officer and Secretary of Credo Technology Group (CRDO), had 6,350 shares of common stock withheld by the issuer on February 19, 2026 to satisfy tax withholding obligations tied to the vesting/settlement of RSUs. The shares were valued at $130.66 each, totaling $829,691. This was a withholding (tax payment) — not an open-market sale or purchase.
Key Details
- Transaction date: 2026-02-19; filing date (Form 4): 2026-02-20 (timely).
- Action/code: F (shares withheld to satisfy tax withholding on RSU settlement).
- Shares withheld/disposed: 6,350 at $130.66 each; aggregate value $829,691.
- Shares owned after transaction: not specified in the provided filing details.
- Footnotes:
- F1: Withheld by the issuer to satisfy tax withholding obligations related to RSU vesting/settlement.
- F2: Reporting also includes acquisition of 54 shares on Dec 31, 2025 under the company ESPP (purchased at 85% of grant-date FMV).
- Filing timeliness: Report filed the day after the transaction — not marked late.
Context
- Withholding shares to cover taxes (a “sell-to-cover” style action) is routine when RSUs vest and generally reflects tax mechanics rather than a directional bet by the insider. Purchases or open-market sales are typically more informative about an insider’s market view.