Brennan William Joseph 4

What Happened

• William Joseph Brennan, CEO of Credo Technology Group (CRDO), reported gift transactions dated 2026-07-13 involving 150,000 ordinary shares. The filing shows two 75,000-share dispositions (from The Brennan Family Trust) and two 75,000-share acquisitions (into two separate 2026 GRATs), all at $0.00 per share (no cash value reported).
• Total moved: 150,000 shares were transferred (75,000 shares to the William Brennan 2026 GRAT and 75,000 shares to the Laurie Brennan 2026 GRAT). Gifts are not market purchases or sales and do not signal a trading decision.

Key Details

• Transaction date: 2026-07-13; Form 4 filed: 2026-07-15 (appears timely).
• Price: $0.00 per share; total report value shown as $0 (gifts).
• Shares involved: two 75,000-share transfers (total 150,000 shares).
• Footnotes: F1 = gift from The Brennan Family Trust to the William Brennan 2026 GRAT (Reporting Person is trustee). F3 = gift from The Brennan Family Trust to the Laurie Brennan 2026 GRAT (Reporting Person's spouse is trustee). F2 = Reporting Person disclaims beneficial ownership except to the extent of his pecuniary interest.
• Shares owned after transaction: not specified in the provided summary of the filing.

Context

• Gifts transfer legal title but are not a purchase (no cash outlay) and generally do not indicate the insider’s market sentiment. The transfers here moved shares into grantor retained annuity trusts (GRATs), a common estate-planning vehicle.
• Because the Reporting Person disclaims beneficial ownership except for any pecuniary interest, these filings mainly document the trust-to-trust transfers rather than an outright sale or investment decision by the CEO.