Credo (CRDO) COO reports RSU tax-related share withholding
Filing Impact
Filing Sentiment
Form Type
4/A
Rhea-AI Filing Summary
Credo Technology Group Holding Ltd director and Chief Operating Officer Lam Yat Tung filed an amended insider report reclassifying recent share activity. The Form 4/A corrects the transaction code from a sale to an F code, meaning the transactions represent tax-withholding dispositions related to the vesting and settlement of RSUs, not open-market sales.
On two dates, a total of 6,360 Ordinary Shares at $101.45 per share were withheld by the issuer to satisfy tax obligations. After these entries, Lam Yat Tung holds 2,610,329 Ordinary Shares directly, plus indirect holdings of 400,000 shares by Zhan BVI Co Ltd and 125,000 shares by EZ Trust, for which he disclaims beneficial ownership except to the extent of any pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Lam Yat Tung
Role
Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Ordinary Shares | 3,180 | $101.45 | $323K |
| Tax Withholding | Ordinary Shares | 3,180 | $101.45 | $323K |
| holding | Ordinary Shares | -- | -- | -- |
| holding | Ordinary Shares | -- | -- | -- |
Holdings After Transaction:
Ordinary Shares — 2,610,329 shares (Direct);
Ordinary Shares — 400,000 shares (Indirect, By Zhan BVI Co Ltd)
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 indirectly held shares except to the extent of any pecuniary interest therein. The Reporting Person disclaims beneficial ownership except to the extent of his spouse's pecuniary interest therein.
Key Figures
Tax-withheld shares total: 6,360 shares
Tax-withheld share price: $101.45 per share
Direct holdings after transactions: 2,610,329 shares
+3 more
6 metrics
Tax-withheld shares total
6,360 shares
Ordinary Shares withheld to satisfy RSU tax obligations
Tax-withheld share price
$101.45 per share
Value used for RSU-related tax withholding dispositions
Direct holdings after transactions
2,610,329 shares
Ordinary Shares directly held by Lam Yat Tung following Form 4/A entries
Indirect holdings via Zhan BVI Co Ltd
400,000 shares
Ordinary Shares held indirectly; beneficial ownership disclaimed except for pecuniary interest
Indirect holdings via EZ Trust
125,000 shares
Ordinary Shares held indirectly; beneficial ownership disclaimed except for spouse’s pecuniary interest
Single tax-withholding block
3,180 shares
Each of two F-code dispositions on 2026-04-02 and 2026-04-05
Key Terms
tax withholding obligations, RSUs, Form 4/A, beneficial ownership, +2 more
6 terms
tax withholding obligations financial
"shares withheld by Issuer to satisfy tax withholding obligations in connection with the vesting"
RSUs financial
"obligations 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.
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.
beneficial ownership financial
"The Reporting Person disclaims beneficial ownership of these indirectly held shares except"
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
"disclaims beneficial ownership of these indirectly held shares except to the extent of any pecuniary interest therein"
FAQ
What insider transaction did Credo (CRDO) report for Lam Yat Tung?
Credo reported that Lam Yat Tung had 6,360 Ordinary Shares withheld to cover tax obligations on RSU vesting. The issuer retained these shares at $101.45 each, and they were not sold in the open market.
Why was Credo’s Form 4/A for Lam Yat Tung amended?
The Form 4/A amended a prior report to correct the transaction code from "S" to "F". This clarification shows the shares were withheld for tax obligations on RSU vesting, rather than representing an open-market sale of Credo shares.
Do the reported Credo transactions indicate an open-market sale by Lam Yat Tung?
No. The filing states the transactions represent shares withheld by the issuer to satisfy tax withholding obligations on RSU vesting. The footnote specifies they are not open-market sales of Credo shares.