Credo Technology Group Holding Ltd·4

Jul 13, 3:58 PM ET

Fleming Daniel W. 4

Research Summary

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Updated

Credo (CRDO) CFO Daniel W. Fleming Sells 7,580 Shares

What Happened

  • Daniel W. Fleming, Chief Financial Officer of Credo Technology Group Holding Ltd (CRDO), sold a total of 7,580 shares in multiple open‑market transactions on July 8, 2026, realizing approximately $1,863,771. Individual reported weighted‑average prices ranged from $240.61 to $249.61; underlying trade prices across lots ranged roughly $240.50–$249.99 per share.
  • These were sales (not purchases) and were effected pursuant to a pre‑arranged Rule 10b5‑1 trading plan adopted by Mr. Fleming on January 12, 2026, which generally indicates the trades were executed under a standing plan rather than ad hoc market timing.

Key Details

  • Transaction date: July 8, 2026 (filed on July 13, 2026).
  • Total shares sold: 7,580; approximate total proceeds: $1,863,771.
  • Reported per‑lot weighted average prices: $240.61, $241.90, $243.12, $244.06, $245.01, $246.10, $247.48, $247.87, $249.04, $249.61 (see filing footnotes for exact price ranges for each lot).
  • Shares owned after the transaction: not specified in the excerpt provided (see full Form 4 for holdings).
  • Notable footnotes: F1 — sales effected pursuant to a Rule 10b5‑1 plan (adopted 2026‑01‑12). Several footnotes (F2–F11) note that reported prices are weighted averages across multiple trades and that the reporting person will provide detailed trade counts/prices upon request.
  • Timeliness: Form 4 was filed on July 13, 2026 for trades dated July 8, 2026 — more than two business days after the transactions, which appears to be beyond the standard two‑business‑day Form 4 reporting window.

Context

  • Sales under a 10b5‑1 plan are typically pre‑scheduled and are often considered routine; they do not, by themselves, indicate management’s view of the company’s near‑term prospects. Purchases by insiders are generally more informative to investors than routine sales.
  • For full details (exact post‑sale holdings, trade‑by‑trade prices, and filing language), see the SEC Form 4 accession 0001628280‑26‑047992.