Credo (CRDO) Director Lip‑Bu Tan Reports 25,000‑Share Sale on Form 4

Rhea-AI Filing Summary

Reporting person Lip-Bu Tan (a Credo Technology Group Holding Ltd director) reported two open-market sales on 09/12/2025 totaling 25,000 ordinary shares sold in multiple trades at weighted average prices of $161.5278 and $162.3665. The filing shows the sales reduced two indirect holdings to 455,608 and 442,180 shares respectively. The report also discloses additional indirect holdings of 133,583 shares (Lip-Bu Tan and Ysa Loo Trust) and 39,736 shares (A&E Investment LLC), plus 53,574 shares held directly. The form includes explanations of price ranges and updated entity names for the disclosed funds.

Positive

• Transparent disclosure of open-market sales with weighted average prices and price ranges provided
• Detailed attribution of indirect holdings (venture GP/LP, trust, LLC) and clarification of updated entity names

Negative

• Insider sold 25,000 shares across two transactions on 09/12/2025 (may be viewed negatively by some investors)
• No explanation provided in the filing for the reason behind the sales

Insights

Securities Analyst

TL;DR: Director executed routine open-market sales of 25,000 shares across two transactions; remaining holdings remain substantial.

The Form 4 documents two separate sales on 09/12/2025 totaling 25,000 shares executed in multiple trades with weighted average prices reported as $161.5278 and $162.3665. Ownership tables indicate sizable indirect positions held via venture and trust entities and a direct holding of 53,574 shares. The filing supplies transaction price ranges and clarifies updated entity names for the venture vehicles. This disclosure is transactional and informational; no new corporate events or changes to governance are reported.

Corporate Governance Expert

TL;DR: Insider sale disclosed with clear attribution to indirect entities and trustee roles; no governance changes reported.

The report identifies the reporting person as a director and discloses roles (managing director, joint trustee, manager) tied to indirect holdings. Sales were executed via open-market trades and documented with weighted average prices and price ranges as required. The Form 4 updates names for the venture entities previously used in filings. There is no disclosure of resignations, option exercises, or related-party transactions beyond the sales and entity clarifications.

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

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

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)
09/12/2025

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	09/12/2025		S		11,572	D	$161.5278(1)	455,608	I	Walden Technology Ventures II LP(2)
Ordinary Shares	09/12/2025		S		13,428	D	$162.3665(3)	442,180	I	Walden Technology Ventures II LP(2)
Ordinary Shares								133,583	I	Lip-Bu Tan and Ysa Loo Trust(4)
Ordinary Shares								39,736	I	A&E Investment LLC(5)
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 $161.00 to $161.99. 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. The entities referenced herein, Walden Technology Ventures II GP Ltd and Walden Technology Ventures II LP, were previously identified in prior filings as China Walden Venture Investment II G.P., Ltd. and Walden Technology Ventures Investments II, L.P., respectively. This Form 4 reflects the updated entity names.

3. This transaction was executed in multiple trades at prices ranging from $162.00 to $162.95. 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. 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.

5. 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	09/16/2025
	** 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.
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FAQ

What did Lip-Bu Tan report on Form 4 for CRDO?

The Form 4 reports two open-market sales on 09/12/2025 totaling 25,000 ordinary shares with weighted average prices of $161.5278 and $162.3665.

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

The filing lists indirect holdings of 455,608, 442,180, 133,583, and 39,736 shares, and a direct holding of 53,574 shares as disclosed in the Form 4.

Were the sales executed at a single price or multiple prices?

Each sale was executed in multiple trades at prices within ranges: $161.00–$161.99 and $162.00–$162.95; weighted averages are reported.

Does the Form 4 disclose any change in board or officer status for CRDO?

No. The Form 4 identifies the reporting person as a director and does not disclose any resignations or changes in officer status.

Are the indirectly held shares owned personally by Lip-Bu Tan?

The filing states the reporting person disclaims beneficial ownership of certain indirectly held shares except to the extent of any pecuniary interest; specific entities and trustee roles are disclosed.