Credo Technology (CRDO) COO granted 50,000 PSU-based shares
Filing Impact
Filing Sentiment
Form Type
4
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.
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 |
|---|---|---|---|---|
| Grant/Award | Ordinary Shares | 50,000 | $0.00 | -- |
| holding | Ordinary Shares | -- | -- | -- |
| holding | Ordinary Shares | -- | -- | -- |
Holdings After Transaction:
Ordinary Shares — 2,660,329 shares (Direct, null);
Ordinary Shares — 400,000 shares (Indirect, By Zhan BVI Co Ltd)
Footnotes (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. 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
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
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.