Fleming Daniel W. 4
Research Summary
AI-generated summary
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.