Credo Technology (CRDO) Form 144: 5,000-Share Insider Sale Revealed
Rhea-AI Filing Summary
Credo Technology Group Holding Ltd (CRDO) filed a Form 144 indicating that James L. Laufman intends to sell up to 5,000 common shares through Morgan Stanley Smith Barney on or about 20 Jun 2025. At the most recent market price, the proposed sale is valued at approximately $425,350. The issuer has 169.8 million shares outstanding, so the planned disposition represents far less than 0.01 % of total shares.
The filing also discloses that Laufman sold an additional 18,000 shares over the last three months (10,000 shares on 11 Jun 2025 for $715,352 and 8,000 shares on 14 Apr 2025 for $312,720), bringing total disclosed insider sales in the period to 23,000 shares worth roughly $1.45 million.
No purchase price, financing arrangements, or material adverse information are noted. Given the small scale relative to the company’s float, the transaction appears routine and is unlikely to have a material impact on CRDO’s capitalization or trading dynamics.
Positive
- None.
Negative
- None.
Insights
TL;DR — Routine Form 144; small insider sale, immaterial to float, neutral signal.
The notice covers a planned sale of 5,000 CRDO shares (≈$425k) by James L. Laufman, using Morgan Stanley as broker. Combined with two prior sales, Laufman has liquidated 23,000 shares—still just 0.014 % of the 169.8 million shares outstanding. The filing contains no new operational, financial, or strategic information. Such low-volume insider selling is common for diversification or liquidity and rarely moves the stock. I classify the disclosure as not impactful for valuation or near-term trading.