Lam Yat Tung 4

What Happened Lam Yat Tung, Chief Operating Officer of Credo Technology Group (CRDO), was reported on a Form 4 as acquiring 50,000 ordinary shares on May 23, 2026. The transaction is recorded as an award/grant (code A) at $0.00 per share (reported acquisition value $0). Per the filing, these shares represent units earned upon certification of performance-based restricted stock units (PSUs) originally granted March 7, 2025 for the performance period ending May 2, 2026.

Key Details

• Transaction date: 2026-05-23; Form 4 filed: 2026-05-26.
• Transaction type/amount: Award (PSU conversion) of 50,000 shares @ $0.00; reported cash value $0.
• Vesting: Per footnote, award remains subject to continued service — 25% scheduled to vest on each June 10 in 2026, 2027, 2028 and 2029.
• Shares owned after transaction: Not specified in the provided excerpt of the filing.
• Footnotes: F1 explains the PSUs and vesting schedule; F2 and F3 include disclaimers that the reporting person disclaims beneficial ownership of certain indirectly held shares and except to the extent of any pecuniary interest/spouse's pecuniary interest.
• Timeliness: Filing date is three days after the transaction date (5/26/2026); the filing does not indicate a tardiness code in the excerpt provided.

Context This was a compensation-related grant (performance-based RSUs converted to shares upon certification), not an open-market purchase or sale. Because the shares remain subject to time-based vesting, they are not all immediately available for sale. Such awards are common executive compensation and do not necessarily signal the insider’s intent to buy or sell stock.