Credo CEO-linked trust gifts 7,500 CRDO shares
Credo Technology Group Holding Ltd director and CEO William Joseph Brennan reported a charitable share transfer linked to his indirect holdings.
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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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Ordinary Shares | 7,500 | $0.00 | $0.00 |
| holding | Ordinary Shares | -- | -- | -- |
Footnotes (2)
- F1. 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.
- F2. The Reporting Person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein.
Key Figures
Key Terms
bona fide gift financial
charitable remainder trust financial
beneficial ownership financial
pecuniary interest financial
indirect ownership financial
FAQ
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What insider transaction did Credo Technology Group (CRDO) report for William Joseph Brennan?
What are William Joseph Brennan’s reported indirect Credo (CRDO) holdings after the gift?
Was the Credo (CRDO) insider transaction a market sale or purchase?
AI-generated analysis. How Rhea-AI works. Not financial advice.