Credo (CRDO) COO Lam Yat Tung Sells 100,000 Shares

What Happened

• Lam Yat Tung, Chief Operating Officer of Credo Technology Group (CRDO), sold 100,000 ordinary shares in multiple open-market transactions on Sept 25, 2026, generating total proceeds of $20,629,420. The sales were reported in six lots: 25,508 @ $205.38 ($5,238,904); 11,170 @ $206.72 ($2,309,026); 13,322 @ $207.70 ($2,766,953); 26,000 @ $205.39 ($5,340,231); 11,465 @ $206.80 ($2,371,001); 12,535 @ $207.68 ($2,603,305). These sales were effected pursuant to a Rule 10b5-1 trading plan adopted April 15, 2026 (F1).
• On the same date there were also gift transfers reported: gifts disposed of 100,000 and 75,000 shares (no cash value) and gifts acquired of 100,000 and 75,000 shares (no cash value). Footnote F9 clarifies the 100,000-share gift was to The Lam GRAT 2026 (a grantor retained annuity trust); other footnotes (F6, F10) note disclaimers of beneficial ownership to the extent of indirect holdings/spouse pecuniary interest.

Key Details

• Transaction date: Sept 25, 2026; Form 4 filed Sept 29, 2026 (filed within the required reporting window).
• Sales price details: weighted-average prices shown per lot ($205.38 to $207.70); execution prices across trades ranged approximately $205.00 to $207.97 (see F2–F8).
• Total sold: 100,000 shares; total proceeds: $20,629,420 (~$20.63M).
• Gifts/transfers: reported two 100,000- and two 75,000-share gift entries (zero purchase price); 100,000-share gift specified to The Lam GRAT 2026 (F9).
• Beneficial ownership: reporting person disclaims beneficial ownership of certain indirectly held shares except to extent of any pecuniary interest (F6, F10).
• Shares owned after transaction: not specified in the provided filing excerpt.

Context

• The sales were made under a pre-established 10b5-1 plan (F1), which typically indicates prearranged, rule-compliant dispositions rather than discretionary trading based on current nonpublic information. Gifts and intra-family/trust transfers (such as to a GRAT) are estate/planning moves and do not necessarily reflect the insider’s view on the stock.
• For retail investors: purchases generally draw more attention as a bullish signal; these transactions are sizable sales and trust transfers but were executed under a pre-set plan and accompanied by beneficial-ownership disclaimers.