Credo Technology Group (CRDO) CEO gifts 300,000 shares into family trusts
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Credo Technology Group Holding Ltd reports that President and Chief Executive Officer William Joseph Brennan made four bona fide gifts totaling 300,000 Ordinary Shares on July 13, 2026, at $0.00 per share, transferring shares among family trusts and grantor retained annuity trusts. He continues to hold 366,480 Ordinary Shares directly and disclaims beneficial ownership of certain indirect holdings except to the extent of his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
300,000 shares gifted
Mixed
5 txns
Insider
Brennan William Joseph
Role
Pres & Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Ordinary Shares | 75,000 | $0.00 | -- |
| Gift | Ordinary Shares | 75,000 | $0.00 | -- |
| Gift | Ordinary Shares | 75,000 | $0.00 | -- |
| Gift | Ordinary Shares | 75,000 | $0.00 | -- |
| holding | Ordinary Shares | -- | -- | -- |
Holdings After Transaction:
Ordinary Shares — 1,692,502 shares (Indirect, The Brennan Family Trust, DTD 09/06/2002);
Ordinary Shares — 366,480 shares (Direct)
Footnotes (1)
- Represents a gift of 75,000 ordinary shares from The Brennan Family Trust to the William Brennan 2026 GRAT, a grantor retained annuity trust, for which the Reporting Person is the trustee. The Reporting Person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein. Represents a gift of 75,000 ordinary shares from The Brennan Family Trust to the Laurie Brennan 2026 GRAT, a grantor retained annuity trust, for which the Reporting Person's spouse is the trustee.
Key Figures
Shares gifted: 300,000 Ordinary Shares
Gift size per transaction: 75,000 Ordinary Shares
Gift price per share: $0.00 per share
+2 more
5 metrics
Shares gifted
300,000 Ordinary Shares
Total bona fide gifts of Ordinary Shares on July 13, 2026
Gift size per transaction
75,000 Ordinary Shares
Each of four bona fide gift transactions on July 13, 2026
Gift price per share
$0.00 per share
Price reported for each bona fide gift of Ordinary Shares
Direct holdings after transaction
366,480 Ordinary Shares
Ordinary Shares held directly by William Joseph Brennan following the reported transactions
Gift transactions count
4
Number of bona fide gift transactions of Ordinary Shares on July 13, 2026
Key Terms
bona fide gift, grantor retained annuity trust, beneficial ownership, pecuniary interest
4 terms
bona fide gift financial
"transaction_code_description: Bona fide gift for Ordinary Shares transferred on July 13, 2026"
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
grantor retained annuity trust financial
"the William Brennan 2026 GRAT, a grantor retained annuity trust, for which the Reporting Person is the trustee"
A grantor retained annuity trust (GRAT) is an estate-planning tool where the person who creates the trust transfers assets into it but receives fixed cash payments (an annuity) from the trust for a set number of years; whatever remains after that term passes to designated beneficiaries. It matters to investors because it can shift future appreciation of assets out of the creator’s taxable estate—like putting an asset into a timed vending machine that pays you fixed amounts while any extra value that grows inside the machine goes to heirs with reduced gift or estate tax consequences.
beneficial ownership financial
"The Reporting Person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest"
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
"disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein"
