Credo (CRDO) Form 144 — 3,790 RSU Shares Planned Sale on 09/05/2025
Rhea-AI Filing Summary
Credo Technology Group Holding Ltd (CRDO) Form 144 notice shows a proposed sale of 3,790 common shares through Goldman Sachs & Co. LLC on 09/05/2025, with an aggregate market value reported as $533,707.80. The shares were reported as acquired as restricted stock units (compensation) on 09/01/2025 and payment was recorded as compensation. The filer also disclosed multiple prior common‑share sales in the past three months totaling several transactions (amounts: 3,790–4,166 shares) with gross proceeds listed for each sale. The notice includes the standard Rule 144 certification that the seller is not aware of undisclosed material adverse information.
Positive
- Disclosure compliance provided: broker, share count, acquisition method, and recent sale history are reported
- Securities sold through an established broker (Goldman Sachs & Co. LLC), indicating orderly execution
Negative
- Multiple recent insider sales are disclosed in the prior three months, which may attract investor attention
- Acquisition and near-term sale timing (RSUs acquired 09/01/2025, proposed sale 09/05/2025) could raise governance scrutiny
Insights
TL;DR: Insider disclosed a small routine sale of 3,790 shares under Rule 144, following several recent disposals.
The filing documents a planned sale of 3,790 common shares valued at about $533,708 to be executed through Goldman Sachs on 09/05/2025. The securities were reported as acquired as restricted stock units on 09/01/2025 and are being sold as compensation-derived shares. Multiple prior sales in June and July 2025 are listed with gross proceeds, indicating ongoing dispositions. This is a routine compliance disclosure rather than a corporate operational update and has limited standalone material impact on the company’s fundamentals.
TL;DR: The Form 144 provides required transparency for insider sales; pattern of recent sales is notable for governance monitoring.
The notice satisfies Rule 144 disclosure requirements by identifying the broker, share counts, acquisition method (RSUs), and recent sale history. The proximity of acquisition (09/01/2025) to the planned sale (09/05/2025) and multiple transactions within the prior three months are factual items governance teams and investors may track for insider trading patterns. The filing includes the mandatory representation regarding material nonpublic information.