Lam Yat Tung 4

What Happened

• Lam Yat Tung, Chief Operating Officer of Credo Technology Group (CRDO), had a total of 6,361 shares withheld by the issuer to satisfy tax withholding obligations upon RSU vesting/settlement. The withholding occurred in two dispositions: 3,180 shares on 2026-07-01 at $259.09 each ($823,906) and 3,181 shares on 2026-07-05 at $241.91 each ($769,516), for an aggregate value of $1,593,422.
• This was a tax-withholding/cashless settlement (disposition code F), not an open-market sale or a purchase — a routine administrative action when RSUs vest.

Key Details

• Transaction dates and prices:
  • 2026-07-01: 3,180 shares withheld at $259.09 — $823,906
  • 2026-07-05: 3,181 shares withheld at $241.91 — $769,516
• Total shares withheld: 6,361; total value ≈ $1,593,422.
• Transaction type: F = shares withheld by issuer to satisfy tax withholding on RSU vesting (see footnote F1).
• Footnotes: F1 explains issuer withholding for taxes; F2 and F3 note the reporting person disclaims beneficial ownership of certain indirectly held shares except to the extent of any pecuniary interest (including spouse’s interest).
• Shares owned after the transactions: not specified in the provided filing details.
• Filing: Report filed 2026-07-06 covering transactions on 2026-07-01 and 2026-07-05. (Timeliness beyond that date is not indicated in the supplied data.)

Context

• Withholding of shares for tax on RSU vesting is common and administrative — it does not necessarily reflect the insider’s view on the company’s stock. Unlike open-market purchases, it is not generally treated as a bullish signal.