Lam Yat Tung 4/A
4/A · Credo Technology Group Holding Ltd · Filed Apr 8, 2026
Research Summary
AI-generated summary of this filing
Credo (CRDO) COO Lam Yat Tung Withholds Shares for Taxes
What Happened
Lam Yat Tung, Chief Operating Officer of Credo Technology Group (CRDO), had company shares withheld to satisfy tax withholding obligations related to the vesting/settlement of RSUs. Two withholding transactions occurred: 3,180 shares were withheld on 2026-04-02 and another 3,180 shares on 2026-04-05, each at $101.45 per share, for $322,611 per withholding (total withholding = 6,360 shares for $645,222). This filing is an amendment correcting the transaction code to "F" (tax withholding); these were not open-market sales.
Key Details
- Transaction dates and prices: Apr 2, 2026 — 3,180 shares @ $101.45 ($322,611); Apr 5, 2026 — 3,180 shares @ $101.45 ($322,611).
- Total withheld: 6,360 shares for $645,222.
- Transaction code: F (shares withheld by issuer to satisfy tax withholding on RSU vesting); amendment corrected prior code from "S" (sale) to "F".
- Shares owned after transaction: not specified in this amendment.
- Footnotes: Reporting person disclaims beneficial ownership of these indirectly held shares except to extent of any pecuniary interest; also disclaims beneficial ownership except to extent of spouse’s pecuniary interest.
- Timeliness: This is an amended Form 4 filed 2026-04-08 for transactions reported with a period of 2026-04-02; amendment fixed the transaction code rather than reporting a new trade.
Context
Withholding of shares to cover taxes is a routine administrative step when RSUs vest and does not represent an open-market sale or an independent investment decision by the insider. For retail investors, such withholdings are common and should not be interpreted as a directional buy/sell signal.
Insider Transaction Report
- Tax Payment
Ordinary Shares
[F1]2026-04-02$101.45/sh−3,180$322,611→ 2,613,509 total - Tax Payment
Ordinary Shares
[F1]2026-04-05$101.45/sh−3,180$322,611→ 2,610,329 total
- 400,000(indirect: By Zhan BVI Co Ltd)
Ordinary Shares
[F2] - 125,000(indirect: By Trust)
Ordinary Shares
[F3]
Footnotes (3)
- [F1]This Form 4/A amends the prior filing to correct the transaction code from "S" to "F". The transaction represents shares withheld by Issuer to satisfy tax withholding obligations in connection with the vesting and settlement of RSUs and is not an open market sale.
- [F2]The Reporting Person disclaims beneficial ownership of these indirectly held shares except to the extent of any pecuniary interest therein.
- [F3]The Reporting Person disclaims beneficial ownership except to the extent of his spouse's pecuniary interest therein.