Credo CFO RSU tax withholding clarified in Form 4/A
Credo Technology Group Holding Ltd Chief Financial Officer Daniel W. Fleming reported routine tax-withholding dispositions tied to restricted stock units, not open market sales.
Rhea-AI Filing Summary
Credo Technology Group Holding Ltd Chief Financial Officer Daniel W. Fleming reported routine tax-withholding dispositions tied to restricted stock units, not open market sales. An amended Form 4 changes the transaction code from "S" to "F" to reflect this treatment.
The issuer withheld 2,460 ordinary shares on April 2 and another 2,460 shares on April 5 at a reported price of 101.45 per share to cover tax obligations from RSU vesting and settlement. After these transactions, Fleming directly owned 441,258 ordinary shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise Price or Tax Liability: 4,920 shares
Exercise Price or Tax Liability
2 txns
Insider
Fleming Daniel W.
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Ordinary Shares | 2,460 | $101.45 | $250K |
| Exercise Price or Tax Liability | Ordinary Shares | 2,460 | $101.45 | $250K |
Holdings After Transaction:
Ordinary Shares — 441,258 shares (Direct)
Footnotes (1)
- F1. 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.
Key Figures
Tax-withheld shares April 2: 2,460 shares
Tax-withheld shares April 5: 2,460 shares
Total tax-withheld shares: 4,920 shares
+4 more
7 metrics
Tax-withheld shares April 2
2,460 shares
Ordinary shares withheld for tax obligations on April 2
Tax-withheld shares April 5
2,460 shares
Ordinary shares withheld for tax obligations on April 5
Total tax-withheld shares
4,920 shares
Sum of RSU-related tax withholding dispositions reported
Reported price per share
101.45 per share
Transaction price applied to withheld ordinary shares
Shares held after latest transaction
441,258 shares
Direct ordinary share ownership after April 5 withholding
Shares held after earlier transaction
443,718 shares
Direct ordinary share ownership after April 2 withholding
Tax-withholding transaction count
2 transactions
Non-derivative F-code dispositions for tax obligations
Key Terms
Form 4/A, transaction code, RSUs, tax withholding obligations, +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.
transaction code regulatory
"to correct the transaction code from "S" to "F""
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
"represents shares withheld by Issuer to satisfy tax withholding obligations in connection with the vesting"
open market sale financial
"settlement of RSUs and is not an open market sale"
An open market sale is when a company or a shareholder sells shares through the regular stock market to any willing buyer, using ordinary exchange trading rather than private deals. It matters to investors because it increases the number of shares available and can push the price down or change ownership balance—think of it like someone putting extra items on a supermarket shelf for any shopper to buy, which can lower the item's price if supply suddenly grows.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider activity did CRDO’s CFO report in this amended Form 4/A?
Credo Technology Group’s CFO, Daniel W. Fleming, reported tax-related share dispositions, not open market sales. The issuer withheld ordinary shares to cover tax obligations arising from restricted stock unit vesting and settlement, and the amended filing corrects the original transaction code to show this treatment.
What does transaction code "F" mean in the CRDO CFO’s Form 4/A?
Code "F" indicates shares delivered to satisfy an exercise price or tax liability, rather than an open market trade. Here it reflects ordinary shares withheld by the issuer to cover tax withholding obligations tied to restricted stock unit vesting and settlement for the CFO.
Why was the Credo Technology (CRDO) Form 4/A filed as an amendment?
The amended filing corrects the transaction code from "S" to "F". This change clarifies that the reported share movements were issuer-withheld shares for tax obligations on RSU vesting, rather than open market sales by the CFO, aligning the code with the actual transaction nature.
AI-generated analysis. How Rhea-AI works. Not financial advice.
