What are the vesting terms of the Credo (CRDO) CFO’s new 120,000-share award?

The 120,000-share award remains subject to time-based vesting based on continued service. Credo states that 25% of the award is scheduled to vest on each of June 10, 2026, June 10, 2027, June 10, 2028 and June 10, 2029, spreading vesting over four years.

Credo Technology Group (CRDO) CFO awarded 120,000 performance-based shares

Q: Was the Credo (CRDO) CFO’s 120,000-share acquisition an open-market purchase?

No, the 120,000 shares were acquired as a grant/award with a reported price of $0.0000 per share. They represent shares earned from performance-based restricted stock units, not an open-market transaction, and remain subject to a structured vesting schedule through June 2029.

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Credo Technology Group Holding Ltd reported that Chief Financial Officer Daniel W. Fleming acquired 120,000 ordinary shares as a grant/award, at a stated price of $0.0000 per share. These shares were earned from performance-based restricted stock units for a performance period ending on May 2, 2026.

The award remains subject to time-based vesting tied to continued service, with 25% of the shares scheduled to vest on each of June 10, 2026, June 10, 2027, June 10, 2028 and June 10, 2029. After this grant, Fleming directly holds 553,678 ordinary shares.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Fleming Daniel W.

Role Chief Financial Officer

Type	Security	Shares	Price	Value
Grant/Award	Ordinary Shares	120,000	$0.00	--

Holdings After Transaction: Ordinary Shares — 553,678 shares (Direct, null)

Footnotes (1)

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Key Figures

Equity award size: 120,000 shares Award price per share: $0.0000 per share Post-transaction holdings: 553,678 shares +4 more

7 metrics

Equity award size 120,000 shares Ordinary shares earned from PSUs for performance period ending May 2, 2026

Award price per share $0.0000 per share Stated transaction price for the 120,000-share grant/award

Post-transaction holdings 553,678 shares Ordinary shares directly held by CFO after the award

Initial PSU grant date March 7, 2025 Original grant date of performance-based restricted stock units

Performance period end May 2, 2026 End of PSU performance period used to certify earned shares

Vesting schedule start June 10, 2026 First 25% of award scheduled to vest, based on continued service

Final vesting date June 10, 2029 Last 25% of the 120,000-share award scheduled to vest

Key Terms

performance-based restricted stock units, performance period, vesting, PSUs

4 terms

performance-based restricted stock units financial

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

Performance-based restricted stock units are a type of employee equity award that converts into company shares only if predefined financial or operational targets are met over a set period. Think of it like a bonus check that becomes stock only when specific goals are hit; it ties pay to results, aligning managers’ incentives with shareholders. Investors care because these awards affect future share count, executive incentives, and signal how management’s success will be measured and rewarded.

performance period financial

"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.

vesting financial

"the award remains subject to vesting based on continued service"

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.

PSUs financial

"performance-based restricted stock units (PSUs) originally granted on March 7, 2025"

PSUs are company shares promised to employees or executives that only become actual stock if the business hits specific performance targets over a set period. For investors, PSUs matter because they link pay to measurable outcomes — similar to a conditional bonus that converts into ownership — which can influence management decisions, dilution of shares, and signals about confidence in future results.

Form 4 Insider Transactions: What Each Field Means →

05/26/2026 - 06:41 PM

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^*

Fleming Daniel W.

(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)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Chief Financial 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		120,000⁽¹⁾	A	$0	553,678	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)
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.

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

FAQ

What insider transaction did Credo Technology Group (CRDO) report for its CFO?

Credo Technology Group reported that CFO Daniel W. Fleming acquired 120,000 ordinary shares as a grant. The shares were earned from performance-based restricted stock units and recorded at a price of $0.0000 per share, reflecting a compensation-related award rather than an open-market purchase.

How many Credo Technology Group (CRDO) shares does the CFO hold after this Form 4?

Following the reported transaction, CFO Daniel W. Fleming holds 553,678 ordinary shares directly. This total includes the 120,000 shares earned from performance-based restricted stock units, which remain subject to a multi-year vesting schedule tied to his continued service with the company.

What type of equity award did Credo Technology Group (CRDO) grant to its CFO?

The award relates to performance-based restricted stock units (PSUs) originally granted on March 7, 2025. Shares were earned upon certification of performance for the period ending May 2, 2026, and then converted into ordinary shares that will vest over time with continued service.