Credo Technology (NASDAQ: CRDO) COO reports RSU tax-withholding of 6,360 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Credo Technology Group Holding Ltd director and COO Lam Yat Tung reported routine equity compensation activity. On June 10, 2026, 6,360 Ordinary Shares were withheld by the company at $237.68 per share to cover tax obligations tied to vesting RSUs, a non‑market transaction.
After this tax withholding, Lam directly holds 2,653,969 Ordinary Shares. Additional indirect positions are reported as 400,000 shares held by Zhan BVI Co Ltd and 125,000 shares held by EZ Trust, with Lam disclaiming beneficial ownership except for any pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Lam Yat Tung
Role
Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Ordinary Shares | 6,360 | $237.68 | $1.51M |
| holding | Ordinary Shares | -- | -- | -- |
| holding | Ordinary Shares | -- | -- | -- |
Holdings After Transaction:
Ordinary Shares — 2,653,969 shares (Direct, null);
Ordinary Shares — 125,000 shares (Indirect, By EZ Trust)
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 except to the extent of his spouse's pecuniary interest therein. The Reporting Person disclaims beneficial ownership of these indirectly held shares except to the extent of any pecuniary interest therein.
Key Figures
Tax-withheld shares: 6,360 shares
Withholding price: $237.68 per share
Direct holdings after transaction: 2,653,969 shares
+3 more
6 metrics
Tax-withheld shares
6,360 shares
Ordinary Shares withheld for RSU tax obligations at F-code
Withholding price
$237.68 per share
Price applied to shares withheld for tax obligations
Direct holdings after transaction
2,653,969 shares
Ordinary Shares directly held by Lam Yat Tung post-transaction
Indirect holdings via Zhan BVI Co Ltd
400,000 shares
Ordinary Shares held indirectly through Zhan BVI Co Ltd
Indirect holdings via EZ Trust
125,000 shares
Ordinary Shares held indirectly through EZ Trust
Tax-withholding transactions
1 transaction
Single F-code disposition related to RSU tax obligations
Key Terms
RSUs, tax withholding obligations, pecuniary interest, indirectly held shares
4 terms
RSUs financial
"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.
tax withholding obligations financial
"shares withheld by the Issuer to satisfy tax withholding obligations in connection"
pecuniary interest financial
"disclaims beneficial ownership except to the extent of his spouse's pecuniary interest therein."
FAQ
What insider transaction did Credo Technology Group (CRDO) report for Lam Yat Tung?
Credo Technology Group reported that COO and director Lam Yat Tung had 6,360 Ordinary Shares withheld to cover tax obligations on vesting RSUs. This is classified as a tax-withholding disposition, not an open-market sale, and reflects routine equity compensation processing.
What indirect Credo Technology Group (CRDO) holdings are associated with Lam Yat Tung?
The Form 4 lists 400,000 Ordinary Shares held indirectly through Zhan BVI Co Ltd and 125,000 shares held through EZ Trust. Lam Yat Tung disclaims beneficial ownership of these indirectly held shares except to the extent of any pecuniary interest he may have.
Does the Credo Technology Group (CRDO) Form 4 indicate an open-market sale by Lam Yat Tung?
No, the Form 4 does not report an open-market sale. The only disposition is an F-code transaction, where 6,360 shares were withheld by the issuer to satisfy tax withholding obligations related to RSU vesting, a standard non-market compensation-related event.