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Tax withholding on RSU vesting for Credo Technology Group (CRDO) COO

Filing Impact
(Very High)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Credo Technology Group Holding Ltd director and COO Lam Yat Tung reported routine share movements related to equity compensation. On July 1 and July 5, 2026, a total of 6,361 Ordinary Shares were withheld by the company to satisfy tax obligations upon vesting and settlement of RSUs, rather than sold on the market. After these tax-withholding dispositions, he holds 2,640,608 Ordinary Shares directly, plus indirect holdings of 125,000 shares through EZ Trust and 400,000 shares through Zhan BVI Co Ltd, where he disclaims beneficial ownership beyond any pecuniary interest.

Positive

  • None.

Negative

  • None.
Insider Lam Yat Tung
Role Chief Operating Officer
Type Security Shares Price Value
Tax Withholding Ordinary Shares 3,181 $241.91 $770K
Tax Withholding Ordinary Shares 3,180 $259.09 $824K
holding Ordinary Shares -- -- --
holding Ordinary Shares -- -- --
Holdings After Transaction: Ordinary Shares — 2,640,608 shares (Direct, null); Ordinary Shares — 400,000 shares (Indirect, By Zhan BVI Co Ltd)
Footnotes (1)
  1. Represents shares withheld by the Issuer to satisfy tax withholding obligations in connection with the vesting and settlement of RSUs. 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.
Tax-withholding shares on Jul 5, 2026 3,181 shares at $241.91 Ordinary Shares withheld to satisfy tax obligations
Tax-withholding shares on Jul 1, 2026 3,180 shares at $259.09 Ordinary Shares withheld to satisfy tax obligations
Total tax-withholding shares 6,361 shares Aggregate shares withheld for RSU tax obligations
Direct holdings after transactions 2,640,608 shares Ordinary Shares held directly by Lam Yat Tung
Indirect holdings via EZ Trust 125,000 shares Ordinary Shares held indirectly, beneficial ownership disclaimed
Indirect holdings via Zhan BVI Co Ltd 400,000 shares Ordinary Shares held indirectly, beneficial ownership disclaimed
RSUs financial
"vesting and settlement of RSUs"
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
"withheld by the Issuer to satisfy tax withholding obligations"
pecuniary interest financial
"disclaims beneficial ownership ... except to the extent of any pecuniary interest therein"
Ordinary Shares financial
"security_title": "Ordinary Shares""
Ordinary shares are a type of ownership stake in a company, giving shareholders a right to participate in the company’s profits and decision-making through voting. They are similar to owning a piece of a business, and their value can rise or fall based on the company's performance. Investors buy ordinary shares to potentially earn dividends and benefit from the company's growth over time.
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Lam Yat Tung
(Last)(First)(Middle)
110 RIO ROBLES
(Street)
SAN JOSE CALIFORNIA 95134
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
Credo Technology Group Holding Ltd [ CRDO ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
XOfficer (give title below)Other (specify below)
Chief Operating Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
07/01/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Ordinary Shares07/01/2026F(1)3,180D$259.092,643,789D
Ordinary Shares07/05/2026F(1)3,181D$241.912,640,608D
Ordinary Shares400,000IBy Zhan BVI Co Ltd(2)
Ordinary Shares125,000IBy EZ Trust(3)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Represents shares withheld by the Issuer to satisfy tax withholding obligations in connection with the vesting and settlement of RSUs.
2. The Reporting Person disclaims beneficial ownership of these indirectly held shares except to the extent of any pecuniary interest therein.
3. The Reporting Person disclaims beneficial ownership except to the extent of his spouse's pecuniary interest therein.
Remarks:
/s/ James Laufman, attorney-in-fact07/06/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did Credo (CRDO) COO Lam Yat Tung report in this Form 4?

He reported routine tax-related share dispositions. A total of 6,361 Credo Ordinary Shares were withheld by the company to cover tax obligations from RSU vesting, rather than sold in open-market transactions.

Were any Credo (CRDO) shares sold on the open market in this filing?

No open-market sales were reported. The 6,361 Credo Ordinary Shares shown are coded as tax-withholding dispositions, meaning the issuer withheld shares to satisfy tax liabilities tied to RSU vesting.

How many Credo (CRDO) shares does Lam Yat Tung hold after these transactions?

Following the reported tax-withholding entries, he holds 2,640,608 Credo Ordinary Shares directly. The filing also lists 125,000 shares via EZ Trust and 400,000 shares via Zhan BVI Co Ltd as indirect holdings, with beneficial ownership disclaimed except for pecuniary interest.

What is the significance of the 6,361 Credo (CRDO) shares in this Form 4?

The 6,361 shares represent stock withheld by Credo to pay taxes on RSU vesting. This is a common administrative event for equity awards and does not indicate discretionary buying or selling by the executive in the open market.

How are the EZ Trust and Zhan BVI Co Ltd holdings described for Credo (CRDO)?

The filing shows 125,000 shares held by EZ Trust and 400,000 by Zhan BVI Co Ltd as indirect holdings. Lam Yat Tung disclaims beneficial ownership of these shares except to the extent of any pecuniary interest in those entities.

Does this Credo (CRDO) Form 4 mention RSUs for Lam Yat Tung?

Yes. Footnotes state the withheld shares were used to satisfy tax withholding obligations arising from the vesting and settlement of RSUs, linking the reported dispositions directly to stock-based compensation events.