Credo Tech insider plans $4.7M share sale after $26.7M disposals

Rhea-AI Filing Summary

Credo Technology Group Holding Ltd (CRDO) has received a Form 144 filing from Walden Technology Ventures II LP, an affiliate shareholder, indicating its intention to sell 54,297 common shares through Morgan Stanley Smith Barney on or about 18 June 2025 on the NASDAQ. At the 6 June market price implied by the filing, the transaction is valued at approximately $4.69 million.

The filing also discloses that the same shareholder has already sold 350,000 common shares during the past three months for aggregate gross proceeds of $26.7 million. Combining the completed and proposed transactions, Walden’s total share disposition during the period would reach 404,297 shares, equivalent to roughly 0.24 % of CRDO’s 169.8 million shares outstanding. The shares being sold were originally acquired directly from the issuer on 8 December 2017 via a private transaction for cash.

Because Form 144 filings merely provide advance notice of potential sales and do not guarantee execution, actual market impact will depend on whether the sales occur and the prevailing trading liquidity. Nonetheless, continued divestment by a venture-capital backer can signal portfolio rebalancing or profit-taking and may exert modest selling pressure. Given the limited percentage of outstanding shares involved, dilution is not an issue, but the filing may influence short-term sentiment toward CRDO’s stock.

Positive

• Dilution risk is negligible; sales come from existing shares, representing only 0.24 % of shares outstanding.
• Order size appears absorbable relative to CRDO’s average daily trading volume, suggesting limited liquidity impact.

Negative

• Continued insider/affiliate selling may signal profit-taking and could pressure the stock short-term.
• Aggregate $26.7 million already sold in the last three months plus the proposed $4.7 million sale extends the supply overhang.

Insights

Portfolio Manager

TL;DR: VC fund plans small additional sale; cumulative 0.24 % of float—mild overhang, not thesis-changing.

The proposed 54 k-share sale is immaterial relative to CRDO’s float, though the fund’s aggregate 404 k shares disposed over three months reflects an ongoing exit strategy following the lock-up expiry. From a portfolio standpoint, such block sales are typically absorbed without significant price disruption given CRDO’s average daily volume (~3–4 million). However, the pattern could reinforce a short-term perception of supply overhang, capping upside until selling pressure abates. Long-term fundamental outlook remains tied to CRDO’s high-speed connectivity solutions rather than this filing. Overall impact: neutral.

Securities Analyst

TL;DR: Insider affiliate selling continues; negative signal but small magnitude limits downside.

Walden Technology Ventures is a significant early investor. Its latest 144 follows four recent open-market sales totalling $26.7 million. Although 0.24 % of shares outstanding is minor, repeated filings can hint at limited insider conviction near current valuation levels. Investors should watch subsequent Form 4s to confirm execution volumes and pricing. With no share issuance, dilution risk is zero, yet persistent supply could weigh on momentum. I assign a modestly negative bias, but not material enough to alter earnings-driven valuation models.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	54297	4690305.17	169801216	06/18/2025	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	12/08/2017	Private Acquisition from Issuer/Affiliate	Issuer			54297	12/08/2017	Cash

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
WALDEN TECHNOLOGY VENTURES II LP Maples Corporate Services, Limited, PO B ox 309,Ugland House Grand Cayman E9 KY1-1104	Common	06/16/2025	171473	13358175.38
WALDEN TECHNOLOGY VENTURES II LP Maples Corporate Services, Limited, PO B ox 309,Ugland House Grand Cayman E9 KY1-1104	Common	06/13/2025	3527	268220.94
WALDEN TECHNOLOGY VENTURES II LP Maples Corporate Services, Limited, PO B ox 309,Ugland House Grand Cayman E9 KY1-1104	Common	06/12/2025	100000	7533380.00
WALDEN TECHNOLOGY VENTURES II LP Maples Corporate Services, Limited, PO B ox 309,Ugland House Grand Cayman E9 KY1-1104	Common	06/05/2025	75000	5640255.00

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

How many CRDO shares does Walden Technology Ventures plan to sell?

The Form 144 states an intent to sell 54,297 common shares valued at about $4.69 million.

What percentage of Credo Technology’s shares outstanding does the proposed sale represent?

The proposed 54,297 shares equal roughly 0.032 % of the 169.8 million shares outstanding.

How many CRDO shares has the seller already disposed of recently?

In the past three months, Walden Technology Ventures sold 350,000 shares for gross proceeds of $26.7 million.

Will the Form 144 filing dilute existing CRDO shareholders?

No. Form 144 covers sales of existing shares; no new shares are issued, so there is no dilution.

When is the anticipated sale date for the new block of shares?

The filing lists an approximate sale date of 18 June 2025 on the NASDAQ.

Who is the broker handling the proposed sale?

The broker named is Morgan Stanley Smith Barney LLC Executive Financial Services, New York.