Lam Yat Tung 4

What Happened Lam Yat Tung, Chief Operating Officer of Credo Technology Group (CRDO), had 6,360 shares withheld by the company on June 10, 2026 to satisfy tax withholding obligations tied to the vesting/settlement of RSUs. The shares were valued at $237.68 each for a total of approximately $1,511,645. This was a withholding to cover taxes (transaction code F), not an open-market sale.

Key Details

• Transaction date and price: 2026-06-10, 6,360 shares at $237.68 each (total ~$1,511,645).
• Transaction type: F — shares withheld by issuer to satisfy tax withholding on RSU vesting (cashless/withholding disposition).
• Shares owned after transaction: Not specified in the provided filing details.
• Footnotes:
  • F1: Confirms shares were withheld by the issuer to satisfy tax withholding on vesting/settlement of RSUs.
  • F2/F3: Reporting person disclaims beneficial ownership except to the extent of spouse’s pecuniary interest and disclaims beneficial ownership of certain indirectly held shares except to the extent of any pecuniary interest.
• Filing timeliness: Transaction occurred 2026-06-10 and the Form 4 was filed 2026-06-15, which is later than the SEC’s usual two-business-day deadline for Form 4s — the filing appears to be late.

Context Withholdings to cover taxes on vested equity are routine and do not necessarily indicate the insider’s view on the stock—this is a settlement mechanism that reduces the insider’s net shares rather than an active decision to sell on the open market. The key point for investors is the size/value of the withholding (about $1.51M) and the late filing, which may be of interest to those tracking insider reporting compliance.