Credo (NASDAQ: CRDO) COO Lam Yat Tung reports 7,000-share bona fide gift
Rhea-AI Filing Summary
Credo Technology Group Holding Ltd director and COO Lam Yat Tung reported a bona fide gift of 7,000 Ordinary Shares. The gift, recorded on June 23, 2026, was executed at a stated price of $0.0000 per share, reflecting a non-cash, non-market transfer.
After the gift, Lam holds 2,646,969 Ordinary Shares directly. He is also shown with indirect holdings of 400,000 Ordinary Shares through Zhan BVI Co Ltd and 125,000 Ordinary Shares through EZ Trust, while disclaiming beneficial ownership except to the extent of any pecuniary interest.
Positive
- None.
Negative
- None.
Insights
Filing shows a routine share gift with substantial holdings retained.
The Form 4 shows COO and director Lam Yat Tung making a bona fide gift of 7,000 Ordinary Shares on June 23, 2026. The transaction is coded “G,” which denotes a gift rather than a market sale or purchase.
After the gift, Lam still directly owns 2,646,969 Ordinary Shares, and the filing lists additional indirect positions of 400,000 shares via Zhan BVI Co Ltd and 125,000 shares via EZ Trust. Footnotes state he disclaims beneficial ownership of certain shares except for any pecuniary interest.
Because this is a non-cash transfer and represents a small portion of the reported overall holdings, it typically carries limited informational value about management’s view of the company. Subsequent filings may further clarify any changes in indirect ownership structures, but this entry alone appears administrative and routine.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Ordinary Shares | 7,000 | $0.00 | -- |
| holding | Ordinary Shares | -- | -- | -- |
| holding | Ordinary Shares | -- | -- | -- |
Footnotes (1)
- The Reporting Person disclaims beneficial ownership except to the extent of his spouse's pecuniary interest therein. The Reporting Person disclaims beneficial ownership of these indirectly held shares except to the extent of any pecuniary interest therein.