Credo Technology Group Holding Ltd·4

Apr 6, 3:55 PM ET

Lam Yat Tung 4

Research Summary

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Credo (CRDO) COO Lam Yat Tung Sells Shares

What Happened
Lam Yat Tung, Chief Operating Officer of Credo Technology Group Holding Ltd (CRDO), sold a total of 6,360 shares in two transactions. On 2026-04-02 he sold 3,180 shares at $101.45 each for $322,611, and on 2026-04-05 he sold another 3,180 shares at $101.45 each for $322,611 — total proceeds about $645,222. These were reported as sales (S) in the Form 4 filing.

Key Details

  • Transaction dates & price: 2026-04-02 and 2026-04-05, both at $101.45 per share.
  • Shares sold: 3,180 shares on each date; total 6,360 shares.
  • Proceeds: $322,611 each transaction; ~$645,222 total.
  • Shares owned after transaction: Not specified in the provided filing.
  • Notable footnotes:
    • F1: Represents shares withheld by the issuer to satisfy tax withholding obligations in connection with the vesting and settlement of RSUs.
    • F2: Reporting person disclaims beneficial ownership of certain indirectly held shares except to the extent of any pecuniary interest.
    • F3: Reporting person disclaims beneficial ownership except to the extent of his spouse’s pecuniary interest.
  • Filing: Form 4 filed 2026-04-06 reporting transactions on 4/2 and 4/5; this appears to be within the normal two-business-day reporting window and not late.

Context
These transactions were outright sales (not purchases or option exercises). Sales by insiders can be routine (e.g., tax-related, diversification, or RSU settlement) and do not by themselves indicate company prospects. The F1 footnote suggests tax-withholding/RSU settlement activity is involved for some shares, and F2/F3 note limited beneficial ownership for certain indirectly held shares.