CRDO CEO discloses staged sales; direct holdings 337,923 shares
Rhea-AI Filing Summary
William J. Brennan, President, CEO and a director of Credo Technology Group Holding Ltd (CRDO), reported multiple stock sales on 10/07/2025 and 10/08/2025 executed under a Rule 10b5-1 trading plan adopted on 04/15/2025. The transactions were effected in many small trades with reported weighted average sale prices ranging from $135.4502 to $148.915. Following these sales the reporting person directly held 337,923 ordinary shares and indirectly held 1,992,502 ordinary shares through The Brennan Family Trust. The filer disclaims beneficial ownership of the trust shares except for pecuniary interest.
Positive
- Sales executed under a disclosed Rule 10b5-1 plan, showing procedural compliance
- Detailed weighted-average prices disclosed for the multiple transactions, increasing transparency
- Trust ownership clearly identified as 1,992,502 indirect shares, clarifying ownership structure
Negative
- Significant disposals through multiple trades reduced direct holdings to 337,923 shares
- Large number of small trades may reflect material liquidity from an insider and could affect market perception
Insights
TL;DR: Director/CEO executed planned sales under a 10b5-1 plan, with comprehensive disclosure of weighted average prices.
The sales were processed under a written Rule 10b5-1 plan adopted on 04/15/2025, which provides an affirmative defense to alleged insider trading when plan conditions are met. The filing lists many small disposals on 10/07/2025 and 10/08/2025 with weighted average prices between $135.4502 and $148.915.
The key governance implication is procedural: adoption and public disclosure of the plan increases transparency. Investors may request the detailed trade-by-trade prices and quantities from the SEC staff or issuer to fully verify execution details within the plan timeframe.
TL;DR: Multiple block sales reduced direct holdings to 337,923 shares while indirect trust holdings remain 1,992,502 shares.
The reported disposals are split across many transactions producing weighted average sale prices from $135.45 up to $148.92. The pattern indicates staged selling rather than a single large block trade, which can moderate immediate market impact.
Market-watch items include any future amendments to the 10b5-1 plan and whether further scheduled dispositions remain; such items would be monitorable in subsequent Section 16 filings over the coming weeks.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Ordinary Shares | 1,233 | $137.9989 | $170K |
| Sale | Ordinary Shares | 473 | $138.9729 | $66K |
| Sale | Ordinary Shares | 226 | $140.1396 | $32K |
| Sale | Ordinary Shares | 1,451 | $141.1838 | $205K |
| Sale | Ordinary Shares | 870 | $141.9414 | $123K |
| Sale | Ordinary Shares | 336 | $143.3401 | $48K |
| Sale | Ordinary Shares | 1,953 | $144.1298 | $281K |
| Sale | Ordinary Shares | 528 | $144.9658 | $77K |
| Sale | Ordinary Shares | 824 | $146.1879 | $120K |
| Sale | Ordinary Shares | 879 | $147.1233 | $129K |
| Sale | Ordinary Shares | 603 | $148.332 | $89K |
| Sale | Ordinary Shares | 100 | $148.915 | $15K |
| Sale | Ordinary Shares | 333 | $135.4502 | $45K |
| Sale | Ordinary Shares | 276 | $136.4736 | $38K |
| Sale | Ordinary Shares | 1,385 | $137.4465 | $190K |
| Sale | Ordinary Shares | 2,274 | $138.4625 | $315K |
| Sale | Ordinary Shares | 1,625 | $139.4861 | $227K |
| Sale | Ordinary Shares | 388 | $140.4477 | $54K |
| Sale | Ordinary Shares | 523 | $141.7819 | $74K |
| Sale | Ordinary Shares | 938 | $142.3721 | $134K |
| Sale | Ordinary Shares | 476 | $143.5788 | $68K |
| Sale | Ordinary Shares | 956 | $144.4745 | $138K |
| Sale | Ordinary Shares | 302 | $145.337 | $44K |
| holding | Ordinary Shares | -- | -- | -- |
Footnotes (1)
- The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on April 15, 2025. This transaction was executed in multiple trades at prices ranging from $135.01 to $135.98. 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. This transaction was executed in multiple trades at prices ranging from $136.05 to $136.99. 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. This transaction was executed in multiple trades at prices ranging from $137.01 to $138.008. 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. This transaction was executed in multiple trades at prices ranging from $138.02 to $139.00. 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. This transaction was executed in multiple trades at prices ranging from $139.01 to $139.99. 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. This transaction was executed in multiple trades at prices ranging from $140.06 to $140.92. 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. This transaction was executed in multiple trades at prices ranging from $141.21 to $142.01. 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. This transaction was executed in multiple trades at prices ranging from $142.02 to $143.00. 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. This transaction was executed in multiple trades at prices ranging from $143.21 to $143.90. 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. This transaction was executed in multiple trades at prices ranging from $144.01 to $144.92. 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. This transaction was executed in multiple trades at prices ranging from $145.04 to $145.64. 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. This transaction was executed in multiple trades at prices ranging from $137.65 to $138.59. 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. This transaction was executed in multiple trades at prices ranging from $138.70 to $139.54. 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. This transaction was executed in multiple trades at prices ranging from $139.70 to $140.63. 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. This transaction was executed in multiple trades at prices ranging from $140.68 to $141.63. 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. This transaction was executed in multiple trades at prices ranging from $141.66 to $142.52. 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. This transaction was executed in multiple trades at prices ranging from $142.77 to $143.65. 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. This transaction was executed in multiple trades at prices ranging from $143.66 to $144.63. 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. This transaction was executed in multiple trades at prices ranging from $144.67 to $145.61. 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. This transaction was executed in multiple trades at prices ranging from $145.73 to $146.59. 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. This transaction was executed in multiple trades at prices ranging from $146.68 to $147.63. 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. This transaction was executed in multiple trades at prices ranging from $147.65 to $148.63. 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. The Reporting Person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein.