Credo Technology Group: COO Lam Yat Tung sold 53,180 shares

What happened

• Lam Yat Tung, chief operating officer, sold 50,000 ordinary shares on Oct 1, 2026 at a weighted average price of $205.22 for $10,260,875. The filing also shows 3,180 shares disposed on Oct 2, 2026 at $210.17 for $668,341 in connection with payment of an exercise price or tax liability. The filing reports a gift transaction on Sep 30, 2026 involving 75,000 shares.

Key details

• Transaction dates and prices:
  • Sep 30, 2026: gift of 75,000 shares reported at $0.00 (disposed) and 75,000 shares reported at $0.00 (acquired) (see footnote F1).
  • Oct 1, 2026: open-market sale of 50,000 shares at a weighted average price of $205.22 for $10,260,875 (footnotes F3, F4).
  • Oct 2, 2026: disposition of 3,180 shares at $210.17 for $668,341 to satisfy exercise price or tax liability (footnote F5).
• Shares owned after the transactions: not reported in the provided filing excerpt.
• Relevant footnotes:
  • F1: gift of 75,000 ordinary shares by the reporting person’s spouse to the JL Trust, a spousal lifetime access trust, for which the reporting person is trustee.
  • F2 and F6: the reporting person disclaims beneficial ownership of certain indirectly held shares except to the extent of any pecuniary interest.
  • F3: the Oct 1 sales were effected pursuant to a Rule 10b5-1 trading plan adopted Apr 15, 2026.
  • F4: Oct 1 sale executed in multiple trades at prices ranging from $205.00 to $205.76; $205.22 is the weighted average.
  • F5: 3,180 shares were withheld by the issuer to satisfy tax withholding obligations in connection with RSU vesting and settlement.
• Filing date: Oct 2, 2026. No late filing is indicated in the provided information.

Why it may matter

• The Oct 1 sales were conducted under a Rule 10b5-1 plan (preplanned sale).
• The Sep 30 gift is not a market trade; it reflects a transfer to a spousal lifetime access trust.
• The Oct 2 disposition reflects shares withheld to satisfy tax withholding related to RSUs, not a separate open-market sale.
• The filing does not show why the insider traded or why the company acted.