Insider Sale: Credo Director Trims Stake by 12% Amid $90+ Prices

Rhea-AI Filing Summary

Credo Technology Group (NASDAQ:CRDO) filed a Form 4 revealing that director Lip-Bu Tan sold a total of 92,248 ordinary shares on 24-25 June 2025 at weighted-average prices of $90.00–$93.62, generating roughly $8.4 million in proceeds.

After the transactions, Tan’s direct and indirect ownership decreased to 694,073 shares, a reduction of about 12% from his previous holdings. All sales were executed in multiple tranches, with detailed price breakdowns available upon request. No derivative activity or Rule 10b5-1 trading plan was disclosed. Tan remains a board director and sole reporting person.

Positive

• None.

Negative

• Director Lip-Bu Tan sold 92,248 shares (~$8.4 M), reducing his stake by about 12% and potentially signaling decreased insider confidence.

Insights

Insider Transaction Analyst

Large director sale of $8.4M (~12% stake) sends cautious signal despite continued sizable ownership.

Transaction size: 92,248 shares worth ~$8.4 M is well above the $1 M materiality threshold, indicating purposeful stake reduction rather than routine liquidity. Timing: Sales occurred over two days at prices 5% below YTD high, suggesting profit-taking while sentiment is strong. Ownership post-sale: Tan still controls ~694k shares, preserving alignment but at a lower level. Signal: Historically, multi-day insider disposals of this magnitude can precede near-term price consolidation, though absence of a 10b5-1 plan increases discretionary interpretation.

Governance Specialist

Stake cut but board presence unchanged; impact likely modest unless selling pattern persists.

The filing shows a meaningful but not alarming reduction of insider exposure. Tan remains a director and retains significant indirect holdings via venture funds and family trusts, keeping his economic interest aligned with shareholders. No compensatory or governance changes accompany the sale, minimizing immediate strategic implications. However, investors should monitor for further sales that might shift board dynamics or signal differing risk views. The un-checked Rule 10b5-1 box implies discretionary timing, which could attract scrutiny if followed by adverse corporate news.

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^*

TAN LIP BU

(Last) (First) (Middle)

110 RIO ROBLES

(Street)

SAN JOSE CA 95134

(City) (State) (Zip)

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
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
06/24/2025

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

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

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

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)
			Code	V	Amount	(A) or (D)	Price
Ordinary Shares	06/24/2025		S		50,000	D	$90.3656(1)	509,428	I	Walden Technology Ventures Investments II, L.P.(2)
Ordinary Shares	06/24/2025		S		30,000	D	$91.4512(3)	479,428	I	Walden Technology Ventures Investments II, L.P.(2)
Ordinary Shares	06/25/2025		S		12,248	D	$93.2176(4)	467,180	I	Walden Technology Ventures Investments II, L.P.(2)
Ordinary Shares								133,583	I	Lip-Bu Tan and Ysa Loo Trust(5)
Ordinary Shares								39,736	I	A&E Investment LLC(6)
Ordinary Shares								53,574	D

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. This transaction was executed in multiple trades at prices ranging from $90.00 to $90.77. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

2. The Reporting Person is the Managing Director of China Walden Venture Investment II G.P., Ltd., which is the general partner of Walden Technology Ventures Investments II, L.P. The Reporting Person disclaims beneficial ownership of these indirectly held shares except to the extent of any pecuniary interest therein.

3. This transaction was executed in multiple trades at prices ranging from $91.35 to $91.64. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

4. This transaction was executed in multiple trades at prices ranging from $93.06 to $93.62. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

5. The Reporting Person is the joint trustee of the Lip-Bu Tan and Ysa Loo Trust Dated 2/3/92. The Reporting Person disclaims beneficial ownership of these indirectly held shares except to the extent of any pecuniary interest therein.

6. The Reporting Person is the Manager of A&E Investment LLC, an entity owned by the Reporting Person's family trust for which the Reporting Person is a joint trustee.

Remarks:

	/s/ James Laufman, attorney-in-fact	06/26/2025
	** 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.

FAQ

How many Credo (CRDO) shares did director Lip-Bu Tan sell in June 2025?

He sold a total of 92,248 ordinary shares on 24-25 June 2025.

What was the average price received for the CRDO insider sale?

Weighted-average prices were $90.3656 for 50,000 shares, $91.4512 for 30,000 shares, and $93.2176 for 12,248 shares.

What percentage of his Credo holdings did Lip-Bu Tan dispose of?

The sale represented roughly 12% of his prior 786,321-share position.

How many CRDO shares does Lip-Bu Tan own after the June 2025 transactions?

He now beneficially owns 694,073 shares held through various entities.

Was the insider sale executed under a Rule 10b5-1 trading plan?

The Form 4 references the Rule 10b5-1 checkbox but it was not marked, suggesting the sales were not under a pre-arranged plan.