Credo (NASDAQ: CRDO) CEO-linked family trust gifts 7,500 shares to charitable fund
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Credo Technology Group Holding Ltd director and CEO William Joseph Brennan reported a charitable share transfer linked to his indirect holdings. A trust associated with him made a bona fide gift of 7,500 ordinary shares from The Brennan Family Trust to The Brennan Family Fund, a charitable remainder trust, with no sale proceeds.
The filing notes that Brennan does not share voting or investment power over the securities held by the trust and disclaims beneficial ownership except for any pecuniary interest. After the gift, the trust-related indirect position is reported as 1,775,002 ordinary shares, and Brennan also reports 222,311 ordinary shares held directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
7,500 shares gifted
Mixed
2 txns
Insider
Brennan William Joseph
Role
Pres & Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Ordinary Shares | 7,500 | $0.00 | -- |
| holding | Ordinary Shares | -- | -- | -- |
Holdings After Transaction:
Ordinary Shares — 1,775,002 shares (Indirect, The Brennan Family Trust, DTD 09/06/2002);
Ordinary Shares — 222,311 shares (Direct)
Footnotes (1)
- Represents a gift of 7,500 ordinary shares from The Brennan Family Trust to The Brennan Family Fund, a charitable remainder trust. The Reporting Person does not share any voting or investment power over the securities held by the trust. The Reporting Person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein.
Key Figures
Gifted shares: 7,500 shares
Gift price per share: $0.0000 per share
Indirect holdings after transaction: 1,775,002 shares
+3 more
6 metrics
Gifted shares
7,500 shares
Bona fide gift of ordinary shares on 2026-04-15
Gift price per share
$0.0000 per share
Reported price for gifted ordinary shares
Indirect holdings after transaction
1,775,002 shares
Ordinary shares held indirectly via The Brennan Family Trust after gift
Direct holdings reported
222,311 shares
Ordinary shares held directly by Brennan on 2026-04-15
Gift transactions count
1 transaction
Single bona fide gift recorded in transaction summary
Gifted share total in summary
7,500 shares
GiftShares field in transactionSummary
Key Terms
bona fide gift, charitable remainder trust, beneficial ownership, pecuniary interest, +1 more
5 terms
bona fide gift financial
"transaction_code_description: Bona fide gift"
charitable remainder trust financial
"to The Brennan Family Fund, a charitable remainder trust"
beneficial ownership financial
"disclaims beneficial ownership of these shares except to the extent"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
pecuniary interest financial
"except to the extent of his pecuniary interest therein"
indirect ownership financial
"ownership_type: indirect; nature_of_ownership: The Brennan Family Trust"
FAQ
What insider transaction did Credo Technology Group (CRDO) report for William Joseph Brennan?
The filing reports a bona fide gift of 7,500 ordinary shares by a trust associated with CEO William Joseph Brennan. The shares were transferred from The Brennan Family Trust to The Brennan Family Fund, a charitable remainder trust, with no sale proceeds involved.
What are William Joseph Brennan’s reported indirect Credo (CRDO) holdings after the gift?
After the gift transaction, the filing lists 1,775,002 ordinary shares as indirectly held through The Brennan Family Trust. This figure reflects the trust-related position following the 7,500-share charitable transfer to The Brennan Family Fund.
Was the Credo (CRDO) insider transaction a market sale or purchase?
No. The reported transaction is a bona fide gift coded as a disposition, not an open-market sale or purchase. Shares were moved between family-related trusts, with a reported price per share of 0.0000, indicating no sale proceeds.