Credo Technology (NASDAQ: CRDO) CEO discloses Rule 10b5-1 stock sales
Rhea-AI Filing Summary
Credo Technology Group Holding Ltd reported that its President and Chief Executive Officer, who is also a director, carried out multiple open-market sales of Ordinary Shares on January 7 and 8, 2026. The transactions were coded as sales and executed under a Rule 10b5-1 trading plan adopted on April 15, 2025, with individual trades priced using weighted-average sale prices across narrow intraday ranges, from $124.97 to $142.55 according to the footnotes.
After these sales, the reporting person held 270,641 Ordinary Shares directly. In addition, 1,882,502 Ordinary Shares were reported as held indirectly through The Brennan Family Trust, DTD 09/06/2002, with the reporting person disclaiming beneficial ownership of those shares except to the extent of his pecuniary interest.
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FAQ
What insider transaction did Credo Technology Group (CRDO) disclose in this Form 4?
The filing reports that Credo Technology Group Holding Ltd’s President and Chief Executive Officer, who is also a director, executed multiple open-market sales of Ordinary Shares on January 7 and 8, 2026, all reported with transaction code S for sales.
Were the CRDO insider share sales made under a Rule 10b5-1 trading plan?
Yes. A footnote states that 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, indicating the transactions followed a pre-established plan.
What price ranges were reported for the Credo (CRDO) CEO’s stock sales?
Each transaction was executed in multiple trades, with footnotes giving price ranges. Across the reported sales, the ranges span from $124.97 to $142.55, and the table lists corresponding weighted average sale prices for each set of trades.
How many Credo (CRDO) shares does the reporting person hold directly after these transactions?
Following the reported sales, the Form 4 shows the reporting person directly owning 270,641 Ordinary Shares. These are classified as Direct (D) ownership in the table.
What indirect holdings related to Credo (CRDO) are reported for the CEO?
The filing lists 1,882,502 Ordinary Shares as held indirectly through The Brennan Family Trust, DTD 09/06/2002. A footnote explains that the reporting person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest.
Does the Form 4 for Credo (CRDO) indicate how the weighted average prices were calculated?
Yes. For each sale, a footnote notes that the transaction was executed in multiple trades within a stated price range and that the price shown is the weighted average sale price. The reporting person undertakes to provide full trade details to SEC staff, the issuer, or any security holder upon request.