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Credo (NASDAQ: CRDO) CEO and family trust sell 68K shares

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

Rhea-AI Filing Summary

Credo Technology Group Holding Ltd President and CEO William Joseph Brennan reported open-market sales of a total of 68,016 Ordinary Shares of CRDO on March 11, 2026. The sales were executed at weighted average prices within ranges from $113.46 to $120.59 per share.

Part of the shares were sold from Brennan’s direct holdings, leaving him with 234,609 Ordinary Shares held directly. Additional sales were made by The Brennan Family Trust, DTD 09/06/2002, which held 1,782,502 Ordinary Shares after these transactions. All sales were effected under a Rule 10b5-1 trading plan adopted on April 15, 2025, indicating they were pre-arranged rather than timed discretionarily.

Positive

  • None.

Negative

  • None.
SEC Form 4
FORM 4 UNITED 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).
X
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*
Brennan William Joseph

(Last) (First) (Middle)
110 RIO ROBLES

(Street)
SAN JOSE CA 95134

(City) (State) (Zip)
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)
X Director 10% Owner
X Officer (give title below) Other (specify below)
Pres & Chief Executive Officer
3. Date of Earliest Transaction (Month/Day/Year)
03/11/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
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)
Code V Amount (A) or (D) Price
Ordinary Shares 03/11/2026 S(1) 288 D $113.8783(2) 252,337 D
Ordinary Shares 03/11/2026 S(1) 2,264 D $115.0809(3) 250,073 D
Ordinary Shares 03/11/2026 S(1) 2,086 D $115.8024(4) 247,987 D
Ordinary Shares 03/11/2026 S(1) 2,472 D $117.0557(5) 245,515 D
Ordinary Shares 03/11/2026 S(1) 4,008 D $117.8836(6) 241,507 D
Ordinary Shares 03/11/2026 S(1) 3,969 D $119.0425(7) 237,538 D
Ordinary Shares 03/11/2026 S(1) 2,871 D $119.7576(8) 234,667 D
Ordinary Shares 03/11/2026 S(1) 58 D $120.5431(9) 234,609 D
Ordinary Shares 03/11/2026 S(1) 501 D $114.1299(2) 1,832,001 I The Brennan Family Trust, DTD 09/06/2002(10)
Ordinary Shares 03/11/2026 S(1) 6,437 D $115.0807(3) 1,825,564 I The Brennan Family Trust, DTD 09/06/2002(10)
Ordinary Shares 03/11/2026 S(1) 5,915 D $115.804(4) 1,819,649 I The Brennan Family Trust, DTD 09/06/2002(10)
Ordinary Shares 03/11/2026 S(1) 7,051 D $117.0547(5) 1,812,598 I The Brennan Family Trust, DTD 09/06/2002(10)
Ordinary Shares 03/11/2026 S(1) 11,414 D $117.9015(6) 1,801,184 I The Brennan Family Trust, DTD 09/06/2002(10)
Ordinary Shares 03/11/2026 S(1) 10,744 D $119.0436(7) 1,790,440 I The Brennan Family Trust, DTD 09/06/2002(10)
Ordinary Shares 03/11/2026 S(1) 7,787 D $119.7563(8) 1,782,653 I The Brennan Family Trust, DTD 09/06/2002(10)
Ordinary Shares 03/11/2026 S(1) 151 D $120.5439(9) 1,782,502 I The Brennan Family Trust, DTD 09/06/2002(10)
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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on April 15, 2025.
2. This transaction was executed in multiple trades at prices ranging from $113.46 to $114.38. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
3. This transaction was executed in multiple trades at prices ranging from $114.50 to $115.45. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
4. This transaction was executed in multiple trades at prices ranging from $115.46 to $116.45. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
5. This transaction was executed in multiple trades at prices ranging from $116.46 to $117.45. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
6. This transaction was executed in multiple trades at prices ranging from $117.46 to $118.46. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
7. This transaction was executed in multiple trades at prices ranging from $118.47 to $119.45. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
8. This transaction was executed in multiple trades at prices ranging from $119.46 to $120.46. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
9. This transaction was executed in multiple trades at prices ranging from $120.48 to $120.59. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
10. The Reporting Person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein.
Remarks:
/s/ James Laufman, attorney-in-fact 03/13/2026
** Signature of Reporting Person Date
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.

FAQ

What did Credo Technology Group (CRDO) disclose in this Form 4?

Credo Technology Group disclosed that President and CEO William Joseph Brennan reported open-market sales totaling 68,016 Ordinary Shares on March 11, 2026. The transactions included both his direct holdings and shares held indirectly through The Brennan Family Trust, DTD 09/06/2002.

At what prices did the CRDO insider shares sell on March 11, 2026?

The reported CRDO insider sales on March 11, 2026 occurred at weighted average prices within ranges from $113.46 to $120.59 per Ordinary Share. Several trades were executed in narrower price bands, with full trade details available upon request from the reporting person.

How many Credo (CRDO) shares does CEO William Joseph Brennan still hold?

After the reported transactions, William Joseph Brennan directly holds 234,609 Ordinary Shares of Credo Technology Group. Indirectly, The Brennan Family Trust, DTD 09/06/2002 holds an additional 1,782,502 Ordinary Shares, for which Brennan disclaims beneficial ownership except for any pecuniary interest.

Were the March 2026 CRDO insider sales made under a Rule 10b5-1 plan?

Yes. The filing states the sales reported were effected under a Rule 10b5-1 trading plan adopted by the reporting person on April 15, 2025. Such plans pre-schedule trades, meaning the timing of these sales was set in advance rather than chosen opportunistically.

Who executed some of the CRDO share sales reported in this Form 4?

In addition to the CEO’s direct sales, several transactions were executed by The Brennan Family Trust, DTD 09/06/2002. The Form 4 notes that the reporting person disclaims beneficial ownership of these trust-held shares, except to the extent of his pecuniary interest in them.

How many CRDO shares were sold indirectly through the Brennan Family Trust?

The Form 4 shows multiple open-market sale transactions by The Brennan Family Trust, DTD 09/06/2002, leaving the trust with 1,782,502 Ordinary Shares after the trades. Exact per-trade quantities and price ranges are detailed in the filing’s transaction table and related footnotes.
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