Credo Technology (CRDO) COO sells 6,360 Ordinary Shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Credo Technology Group Holding Ltd Chief Operating Officer Lam Yat Tung reported two open-market sales of Ordinary Shares. He sold 3,180 shares on April 2 and another 3,180 shares on April 5, each at $101.45 per share, for total reported sales of 6,360 shares. After these transactions, he directly held 2,610,329 Ordinary Shares. The filing also shows indirect holdings of 400,000 shares held by Zhan BVI Co Ltd and 125,000 shares held by EZ Trust, for which the reporting person disclaims beneficial ownership except to the extent of any pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 6,360 shares ($645,222)
Net Sell
4 txns
Insider
Lam Yat Tung
Role
Chief Operating Officer
Sold
6,360 shs ($645K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Ordinary Shares | 3,180 | $101.45 | $323K |
| Sale | Ordinary Shares | 3,180 | $101.45 | $323K |
| holding | Ordinary Shares | -- | -- | -- |
| holding | Ordinary Shares | -- | -- | -- |
Holdings After Transaction:
Ordinary Shares — 2,610,329 shares (Direct);
Ordinary Shares — 400,000 shares (Indirect, By Zhan BVI Co Ltd)
Footnotes (1)
- Represents shares withheld by the Issuer to satisfy tax withholding obligations in connection with the vesting and settlement of RSUs. The Reporting Person disclaims beneficial ownership of these indirectly held shares except to the extent of any pecuniary interest therein. The Reporting Person disclaims beneficial ownership except to the extent of his spouse's pecuniary interest therein.
Key Figures
Total shares sold: 6,360 shares
Sale price: $101.45/share
Direct holdings after transactions: 2,610,329 shares
+3 more
6 metrics
Total shares sold
6,360 shares
Open-market sales on April 2 and April 5
Sale price
$101.45/share
Price for each reported sale transaction
Direct holdings after transactions
2,610,329 shares
Direct Ordinary Shares held after April 5 sale
Indirect holdings via Zhan BVI Co Ltd
400,000 shares
Indirect Ordinary Shares as of April 2
Indirect holdings via EZ Trust
125,000 shares
Indirect Ordinary Shares as of April 2
Net share change
-6,360 shares
Net buy/sell shares in this Form 4
Key Terms
open-market sale, Ordinary Shares, indirect ownership, pecuniary interest, +1 more
5 terms
open-market sale financial
"transaction_action: "open-market sale" for the reported transactions"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
indirect ownership financial
"ownership_type: "indirect" with nature of ownership by Zhan BVI Co Ltd and EZ Trust"
pecuniary interest financial
"footnote: "except to the extent of any pecuniary interest therein""
RSUs financial
"footnote: tax withholding obligations in connection with the vesting and settlement of RSUs"
RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.
FAQ
What insider transactions did Credo (CRDO) report for Lam Yat Tung?
Lam Yat Tung reported two open-market sales of Credo Ordinary Shares, selling 3,180 shares on April 2 and 3,180 shares on April 5 at $101.45 per share, for total reported sales of 6,360 shares.
What sale price was reported in Lam Yat Tung’s Credo (CRDO) Form 4?
Both reported open-market sales by Lam Yat Tung were executed at a price of $101.45 per Credo Ordinary Share. Each transaction involved 3,180 shares, giving investors clear visibility into the disclosed sale price per share.