Credo (CRDO) Form 4: Director disposes 20,000 shares; retains 422,180 stake

Rhea-AI Filing Summary

Tan Lip Bu, a director of Credo Technology Group Holding Ltd (CRDO), reported a sale of ordinary shares executed on 09/18/2025. The filing shows 20,000 shares sold at a weighted average price of $175.1239 per share. After the reported transactions, the reporting person beneficially owns 422,180 ordinary shares indirectly, including 133,583 shares held through Walden Technology Ventures II LP and 39,736 shares held via the Lip-Bu Tan and Ysa Loo Trust. The filing also notes a 53,574-share disposition by A&E Investment LLC. The Form 4 was signed by an attorney-in-fact on 09/22/2025.

Positive

• Material retained ownership: Reporting person retains 422,180 shares after transactions, showing continued stake in CRDO
• Transparent disclosure: Filing discloses weighted average sale price and explains indirect ownership through related entities

Negative

• Insider sale: 20,000 shares sold on 09/18/2025 at a weighted average price of $175.1239
• Related-entity disposition: 53,574 shares disposed of by A&E Investment LLC, an entity managed by the reporting person

Insights

Financial Analyst

TL;DR: Director sold a small portion of holdings; substantial indirect ownership remains.

The sale of 20,000 shares at a weighted average of $175.12 reduces direct/indirect holdings but leaves the reporting person with 422,180 shares beneficially owned, indicating continued material exposure to CRDO equity. The disclosed indirect positions through Walden Technology Ventures II LP and a family trust represent meaningful concentrations of ownership. No derivative transactions or option exercises are reported. This disclosure is a routine Section 16 filing showing insider liquidity rather than an operational or financial change for the issuer.

Corporate Governance Expert

TL;DR: Insider sale is disclosed properly; the filing highlights multiple indirect holdings via related entities.

The Form 4 documents compliant reporting of an insider sale executed across multiple trades with a provided weighted average price. The remarks clarify trustee and manager relationships for indirect holdings and disclaimers of beneficial ownership to the extent of pecuniary interest. The presence of disposals across both personal and related-entity accounts is notable for governance monitoring but is disclosed transparently.

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
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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^*

TAN LIP BU

(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
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
09/18/2025

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	09/18/2025		S		20,000	D	$175.1239(1)	422,180	I	Walden Technology Ventures II LP(2)
Ordinary Shares								133,583	I	Lip-Bu Tan and Ysa Loo Trust(3)
Ordinary Shares								39,736	I	A&E Investment LLC(4)
Ordinary Shares								53,574	D

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. This transaction was executed in multiple trades at prices ranging from $175.00 to $175.40. 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.

2. The Reporting Person is the Managing Director of Walden Technology Ventures II GP Ltd, which is the general partner of Walden Technology Ventures II LP. The Reporting Person disclaims beneficial ownership of these indirectly held shares except to the extent of any pecuniary interest therein.

3. The Reporting Person is the joint trustee of the Lip-Bu Tan and Ysa Loo Trust Dated 2/3/92. The Reporting Person disclaims beneficial ownership of these indirectly held shares except to the extent of any pecuniary interest therein.

4. The Reporting Person is the Manager of A&E Investment LLC, an entity owned by the Reporting Person's family trust for which the Reporting Person is a joint trustee.

Remarks:

	/s/ James Laufman, attorney-in-fact	09/22/2025
	** 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

Who filed the Form 4 for CRDO and what is their role?

The Form 4 was filed for Tan Lip Bu, who is listed as a Director of Credo Technology Group Holding Ltd (CRDO).

How many CRDO shares were sold and at what price?

The reporting person sold 20,000 ordinary shares on 09/18/2025 at a weighted average price of $175.1239 per share.

How many CRDO shares does the reporting person beneficially own after the sale?

After the reported transactions the reporting person beneficially owns 422,180 ordinary shares.

Which indirect holdings are disclosed in the Form 4?

Indirect holdings disclosed include 133,583 shares via Walden Technology Ventures II LP and 39,736 shares via the Lip-Bu Tan and Ysa Loo Trust.

Was the sale executed in a single trade or multiple trades?

The filing states the transaction was executed in multiple trades with prices ranging from $175.00 to $175.40, and the reported price is the weighted average.