Credo (CRDO) Rule 144 Notice — 77,492 Class A Shares Planned Sale

Rhea-AI Filing Summary

Credo Technology Group Holding Ltd (CRDO) filing reports a proposed sale under Rule 144 of 77,492 Class A common shares through Goldman Sachs & Co. LLC with an aggregate market value of $12,346,025.44. The filing shows the seller acquired 50,000 shares in a private issuance on 01/31/2022 and 27,492 shares as restricted stock unit compensation on 01/27/2022. An approximate sale date is listed as 09/11/2025 and the shares trade on NASD with 171,641,835 shares outstanding. The filing also lists multiple related sales in the past three months by entities named The Brennan Family Trust and William Joseph Brennan III totaling material share dispositions.

Positive

• Disclosure clarity: The filing specifies the number of shares, acquisition dates, nature of acquisition, broker, and aggregate market value.
• Acquisition provenance: Identifies that sold shares were acquired from the issuer and as RSUs, clarifying they derive from prior company grants.

Negative

• Recent insider-related sell-offs: Multiple sales by The Brennan Family Trust and William Joseph Brennan III in June and August 2025 are reported, indicating ongoing dispositions.
• Material share amount: Proposed sale value of $12.35 million is sizable relative to typical single transactions and could be viewed as dilutive selling pressure.

Insights

Securities Analyst

TL;DR: Significant insider-related dispositions disclosed; proposed sale equals meaningful dollar value relative to float.

The filing documents a proposed Rule 144 sale of 77,492 Class A shares valued at $12.35 million, timing set for 09/11/2025. Acquisition details confirm the shares originated from issuer grants and RSUs in January 2022, indicating these were restricted holdings now eligible for sale. The schedule of recent sales by The Brennan Family Trust and William Joseph Brennan III shows multiple divestitures in June and August 2025, which are material in absolute terms. For investors, these disclosures clarify provenance and planned execution under Rule 144 but do not provide management commentary or proceeds use.

Corporate Governance Specialist

TL;DR: Repetitive sales by related parties are disclosed; governance context (e.g., insider role) is not stated in this notice.

The notice details recent and proposed sales from entities identified as The Brennan Family Trust and William Joseph Brennan III and a planned sale routed through Goldman Sachs & Co. LLC. While the filing lists acquisition dates and that portions were issued as compensation, it does not state the sellers' current roles or any trading plans. The representation required by the form about no undisclosed material adverse information is included, but no additional governance or intent details are provided.

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
Class A Common	Goldman Sachs & Co. LLC 200 West Street New York NY 10282	77492	12346025.44	171641835	09/11/2025	NASD

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 *
Class A Common	01/31/2022	Acquired from issuer in private transaction	Issuer			50000	01/31/2022	None
Class A Common	01/27/2022	Acquired as compensation -- Restricted Stock Units	Issuer			27492	01/27/2022	Compensation

* 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
The Brennan Family Trust, DTD 09/06/2002 Maples Corporate Services, Limited PO Box 309, Ugland House Grand Cayman E9 KY1-1104	Class A Common	08/01/2025	100000	10811420
The Brennan Family Trust, DTD 09/06/2002 Maples Corporate Services, Limited PO Box 309, Ugland House Grand Cayman E9 KY1-1104	Class A Common	08/01/2025	50000	5279425
William Joseph Brennan III Maples Corporate Services, Limited PO Box 309, Ugland House Grand Cayman E9 KY1-1104	Class A Common	08/01/2025	46444	4903952.29
The Brennan Family Trust, DTD 09/06/2002 Maples Corporate Services, Limited PO Box 309, Ugland House Grand Cayman E9 KY1-1104	Class A Common	06/18/2025	15000	1283850

144: Remarks and Signature

Remarks

Date of Notice

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

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

What does the Form 144 filed for CRDO disclose?

The form discloses a proposed Rule 144 sale of 77,492 Class A shares valued at $12,346,025.44 with an approximate sale date of 09/11/2025 mediated by Goldman Sachs & Co. LLC.

How were the shares being sold originally acquired?

The filing shows 50,000 shares were acquired from the issuer in a private transaction on 01/31/2022 and 27,492 were received as restricted stock unit compensation on 01/27/2022.

Have related parties sold CRDO shares recently?

Yes. The Brennan Family Trust and William Joseph Brennan III reported sales on 06/18/2025 and 08/01/2025, with amounts including 100,000, 50,000, 46,444, and 15,000 shares.

Which broker is handling the proposed sale?

The proposed sale is listed with Goldman Sachs & Co. LLC at 200 West Street, New York, NY.

How many CRDO shares are outstanding per the filing?

The filing reports 171,641,835 shares outstanding.