Credo (CRDO) CEO corrects RSU tax-withholding entry, no market sale
Filing Impact
Filing Sentiment
Form Type
4/A
Rhea-AI Filing Summary
Credo Technology Group Holding Ltd director and CEO William Joseph Brennan filed an amended Form 4 to correct how recent share movements were labeled. Two entries for 6,149 Ordinary Shares each, at $101.45 per share on April 2 and April 5, 2026, are now correctly shown as shares withheld by the company to cover tax obligations when RSUs vested, not open-market sales. After these tax-withholding dispositions, he holds 222,311 Ordinary Shares directly and 1,782,502 Ordinary Shares indirectly through The Brennan Family Trust, while disclaiming beneficial ownership beyond his economic interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Brennan William Joseph
Role
Pres & Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Ordinary Shares | 6,149 | $101.45 | $624K |
| Tax Withholding | Ordinary Shares | 6,149 | $101.45 | $624K |
| holding | Ordinary Shares | -- | -- | -- |
Holdings After Transaction:
Ordinary Shares — 222,311 shares (Direct);
Ordinary Shares — 1,782,502 shares (Indirect, The Brennan Family Trust, DTD 09/06/2002)
Footnotes (1)
- This Form 4/A amends the prior filing to correct the transaction code from "S" to "F". The transaction represents shares withheld by Issuer to satisfy tax withholding obligations in connection with the vesting and settlement of RSUs and is not an open market sale. The Reporting Person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein.
Key Figures
Tax-withholding block 1: 6,149 shares at $101.45
Tax-withholding block 2: 6,149 shares at $101.45
Total shares withheld for taxes: 12,298 shares
+2 more
5 metrics
Tax-withholding block 1
6,149 shares at $101.45
Ordinary Shares withheld on April 5, 2026
Tax-withholding block 2
6,149 shares at $101.45
Ordinary Shares withheld on April 2, 2026
Total shares withheld for taxes
12,298 shares
RSU-related tax withholding across two transactions
Direct holdings after transactions
222,311 shares
Ordinary Shares held directly by Brennan after tax withholding
Indirect trust holdings
1,782,502 shares
Ordinary Shares held via The Brennan Family Trust
Key Terms
Form 4/A, RSUs, tax withholding obligations, beneficial ownership, +1 more
5 terms
Form 4/A regulatory
"This Form 4/A amends the prior filing to correct the transaction code"
Form 4/A is an amended filing that corrects or updates an earlier Form 4, the mandatory report that insiders (like company executives, directors, or large shareholders) must file when their ownership stakes change. Think of it as an edited receipt showing who bought or sold stock and when; investors use it to track insider confidence, detect potential conflicts, and spot trading patterns that might signal future company prospects.
RSUs financial
"in connection with the vesting and settlement of RSUs and is not an open market sale"
RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.
tax withholding obligations financial
"shares withheld by Issuer to satisfy tax withholding obligations in connection with the vesting"
beneficial ownership financial
"The Reporting Person disclaims beneficial ownership of these shares except to the extent"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
pecuniary interest financial
"except to the extent of his pecuniary interest therein"
FAQ
What did Credo (CRDO) CEO William Brennan change in this amended Form 4/A?
The amended Form 4/A changes prior entries from a sale code to a tax-withholding code. It clarifies that shares were withheld to cover RSU-related tax obligations, not sold in the open market, correcting the original classification.
What are William Brennan’s direct Credo (CRDO) holdings after these transactions?
Following the tax-withholding entries, William Brennan directly holds 222,311 Ordinary Shares. This figure represents his remaining direct position after the issuer withheld 12,298 shares to cover tax obligations tied to RSU vesting and settlement.
What indirect Credo (CRDO) holdings are reported through The Brennan Family Trust?
The filing reports 1,782,502 Ordinary Shares held indirectly through The Brennan Family Trust, DTD 09/06/2002. Brennan disclaims beneficial ownership of these shares except to the extent of his pecuniary interest, reflecting trust-held ownership rather than direct holdings.
How does the Form 4/A describe the nature of these Credo (CRDO) transactions?
The Form 4/A identifies both entries under transaction code F, described as payment of tax liability by delivering securities. It explicitly notes the issuer withheld shares upon RSU vesting to satisfy tax obligations, distinguishing them from discretionary open-market trading.