Is Lam Yat Tung’s 50,000-share Credo Technology (CRDO) award an open-market purchase?

No, the 50,000 shares reflect a grant tied to performance-based PSUs. They were earned upon certification of performance for an award originally granted March 7, 2025, rather than bought in the open market, and remain subject to time-based vesting conditions.

Credo COO receives 50,000-share equity award

Credo Technology Group Holding Ltd reported that Chief Operating Officer Lam Yat Tung acquired 50,000 Ordinary Shares as part of a performance-based restricted stock unit (PSU) award.

Filing Impact

(Neutral)

Filing Sentiment

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Sentiment and the balance of points

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Form Type

Rhea-AI Filing Summary

Credo Technology Group Holding Ltd reported that Chief Operating Officer Lam Yat Tung acquired 50,000 Ordinary Shares as part of a performance-based restricted stock unit (PSU) award. These shares were earned after performance for a period ending May 2, 2026 was certified.

The PSU award, originally granted on March 7, 2025, remains subject to continued-service vesting, with 25% scheduled to vest on each of June 10, 2026, June 10, 2027, June 10, 2028 and June 10, 2029. Following this grant, Lam directly holds 2,660,329 Ordinary Shares.

Indirect holdings include 125,000 Ordinary Shares held by EZ Trust and 400,000 Ordinary Shares held by Zhan BVI Co Ltd. Footnotes state that Lam disclaims beneficial ownership of these indirect positions and of shares attributable to his spouse except to the extent of any pecuniary interest.

Insider Trade Summary

Grant/Award: 50,000 shares

Grant/Award 3 txns

Insider Lam Yat Tung

Role Chief Operating Officer

Type	Security	Shares	Price	Value
Grant/Award	Ordinary Shares	50,000	$0.00	$0.00
holding	Ordinary Shares	--	--	--
holding	Ordinary Shares	--	--	--

Holdings After Transaction: Ordinary Shares — 2,660,329 shares (Direct); Ordinary Shares — 400,000 shares (Indirect, By Zhan BVI Co Ltd); Ordinary Shares — 125,000 shares (Indirect, By EZ Trust)

Footnotes (3)

F1. Represents the number of ordinary shares earned upon the certification of performance of performance-based restricted stock units (PSUs) originally granted on March 7, 2025 for the performance period ending May 2, 2026. Pursuant to the terms of the PSU award, the award remains subject to vesting based on continued service, with 25% of the award scheduled to vest on each of June 10, 2026, June 10, 2027, June 10, 2028 and June 10, 2029.
F2. The Reporting Person disclaims beneficial ownership of these indirectly held shares except to the extent of any pecuniary interest therein.
F3. The Reporting Person disclaims beneficial ownership except to the extent of his spouse's pecuniary interest therein.

Key Figures

PSU shares earned: 50,000 Ordinary Shares Grant price: $0.0000 per share Direct holdings after grant: 2,660,329 Ordinary Shares +5 more

8 metrics

PSU shares earned 50,000 Ordinary Shares Earned upon certification of PSU performance for period ending May 2, 2026

Grant price $0.0000 per share Price per share for 50,000-share PSU-related acquisition

Direct holdings after grant 2,660,329 Ordinary Shares Total direct shares held by Lam Yat Tung following transaction

Indirect holdings via EZ Trust 125,000 Ordinary Shares Shares held indirectly by EZ Trust; beneficial ownership disclaimed except for pecuniary interest

Indirect holdings via Zhan BVI Co Ltd 400,000 Ordinary Shares Shares held indirectly by Zhan BVI Co Ltd; beneficial ownership disclaimed except for pecuniary interest

PSU grant date March 7, 2025 Original grant date of performance-based PSU award

Performance period end May 2, 2026 End date of PSU performance period used for certification

Vesting schedule 25% on June 10, 2026-2029 Four annual vesting dates for the PSU-earned shares

Key Terms

performance-based restricted stock units (PSUs), beneficial ownership, pecuniary interest, vesting, +1 more

5 terms

performance-based restricted stock units (PSUs) financial

"Represents the number of ordinary shares earned upon the certification of performance of performance-based restricted stock units (PSUs)..."

beneficial ownership financial

"The Reporting Person disclaims beneficial ownership of these indirectly held shares..."

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 indirectly held shares except to the extent of any pecuniary interest therein."

vesting financial

"the award remains subject to vesting based on continued service, with 25% of the award scheduled to vest..."

Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.

performance period financial

"PSUs originally granted on March 7, 2025 for the performance period ending May 2, 2026."

The performance period is the specific time span over which an investment’s results, an employee’s targets, or a fund’s returns are measured and judged. It matters to investors because the length and start/end of that window determine which gains or losses count toward performance fees, bonus payouts, or benchmark comparisons—much like timing a race decides who wins, the chosen period can change whether results look strong or weak.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Credo Technology (CRDO) disclose about COO Lam Yat Tung’s new shares?

Credo Technology disclosed that COO Lam Yat Tung acquired 50,000 Ordinary Shares earned from a performance-based PSU award. The shares reflect certified performance for a period ending May 2, 2026 and are still subject to multi-year vesting based on continued service.

How are COO Lam Yat Tung’s new Credo Technology (CRDO) PSU shares vesting?

The 50,000 PSU-earned shares vest over four annual installments. The award remains subject to continued service, with 25% scheduled to vest on each of June 10, 2026, June 10, 2027, June 10, 2028 and June 10, 2029, spreading vesting across four years.

How many Credo Technology (CRDO) shares does Lam Yat Tung hold directly after this Form 4?

After the reported grant, Lam Yat Tung directly holds 2,660,329 Ordinary Shares. This figure reflects his direct ownership position following the 50,000-share PSU-related acquisition and helps investors understand the scale of his direct equity stake in the company.

What indirect Credo Technology (CRDO) holdings are reported for Lam Yat Tung?

The filing reports 125,000 shares held by EZ Trust and 400,000 shares held by Zhan BVI Co Ltd. Footnotes state that Lam disclaims beneficial ownership of these indirectly held shares except to the extent of any pecuniary interest in those entities.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

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Accepted by SEC EDGAR 05/26/2026 - 06:40 PM EDT

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Lam Yat Tung

(Last)

(First)

(Middle)

110 RIO ROBLES

(Street)

SAN JOSE

CALIFORNIA

95134

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Credo Technology Group Holding Ltd [ CRDO ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Chief Operating Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/23/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Ordinary Shares	05/23/2026		A		50,000⁽¹⁾	A	$0	2,660,329	D
Ordinary Shares								400,000	I	By Zhan BVI Co Ltd⁽²⁾
Ordinary Shares								125,000	I	By EZ Trust⁽³⁾

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Represents the number of ordinary shares earned upon the certification of performance of performance-based restricted stock units (PSUs) originally granted on March 7, 2025 for the performance period ending May 2, 2026. Pursuant to the terms of the PSU award, the award remains subject to vesting based on continued service, with 25% of the award scheduled to vest on each of June 10, 2026, June 10, 2027, June 10, 2028 and June 10, 2029.

2. The Reporting Person disclaims beneficial ownership of these indirectly held shares except to the extent of any pecuniary interest therein.

3. The Reporting Person disclaims beneficial ownership except to the extent of his spouse's pecuniary interest therein.

Remarks:

	/s/ James Laufman, attorney-in-fact	05/26/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR