Credo Technology COO gifts 200,000 shares to trust
Lam GRAT 2026 II reported 200,000 indirectly held shares after the transfer; Lam's direct position was 2,047,809 shares.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Filing Summary
Credo Technology Group Holding Ltd (CRDO) Chief Operating Officer and director Yat Tung Lam gifted 200,000 ordinary shares to Lam GRAT 2026 II on October 7, 2026. The trust is a grantor retained annuity trust for which Lam is a co-trustee. After the transfer, Lam reported 2,047,809 directly held shares and the trust reported 200,000 indirectly held shares.
Other reported indirect holdings were 250,000 shares through Zhan BVI Co Ltd, 125,000 through EZ Trust, 100,000 through Lam GRAT 2026 and 75,000 through JL Trust. Lam disclaimed beneficial ownership of shares held through Lam GRAT 2026 II, Zhan BVI Co Ltd, Lam GRAT 2026 and JL Trust except to the extent of any pecuniary interest; for EZ Trust, the exception is his spouse’s pecuniary interest.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Ordinary Shares F1 | 200,000 | $0.00 | $0.00 |
| Gift | Ordinary Shares F1, F2 | 200,000 | $0.00 | $0.00 |
| holding | Ordinary Shares F2 | -- | -- | -- |
| holding | Ordinary Shares F3 | -- | -- | -- |
| holding | Ordinary Shares F2 | -- | -- | -- |
| holding | Ordinary Shares F2 | -- | -- | -- |
Footnotes (3)
- F1. Represents a gift of 200,000 ordinary shares from the Reporting Person to the Lam GRAT 2026 II, a grantor retained annuity trust, for which the Reporting Person is a co-trustee.
- F2. The Reporting Person disclaims beneficial ownership of these indirectly held shares except to the extent of any pecuniary interest therein.
- F3. The Reporting Person disclaims beneficial ownership except to the extent of his spouse's pecuniary interest therein.
Key Figures
Key Terms
grantor retained annuity trust technical
beneficial ownership regulatory
pecuniary interest financial
co-trustee technical
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
AI-generated analysis. How Rhea-AI works. Not financial advice.