Insider Sale: Credo Director Trims Stake with $76-$79 Share Disposals

Rhea-AI Filing Summary

Credo Technology Group Holding (NASDAQ: CRDO) filed a Form 4 disclosing that director Lip-Bu Tan, through Walden Technology Ventures Investments II L.P., sold a total of 171,473 ordinary shares on 16 June 2025 across four tranches at weighted-average prices ranging from $76.6506 to $79.1236.

The transactions generated approximately $13.3 million in gross proceeds and reduced Walden’s indirect holding from about 785,198 to 613,725 shares, a decline of roughly 22%. Tan also continues to hold 133,583 shares via the Lip-Bu Tan and Ysa Loo Trust, 39,736 shares through A&E Investment LLC, and 53,574 shares directly.

No derivatives were transacted and the filing does not indicate that the sales were executed under a Rule 10b5-1 trading plan. No other material changes or risk factors were disclosed.

Positive

• None.

Negative

• Director Lip-Bu Tan sold 171,473 shares (~22% of his indirect Walden stake) on 06/16/25 for roughly $13.3 million at $76-$79 per share
• Filing does not indicate a Rule 10b5-1 trading plan, suggesting discretionary insider selling

Insights

Corporate Governance Analyst

TL;DR: ~$13 M discretionary insider sale trims indirect position by ~22%, tilting near-term sentiment negative.

The Form 4 shows four open-market trades totaling 171,473 CRDO shares at $76.65–$79.12 on 16 Jun 2025, worth about $13.3 million. Post-sale, Walden’s stake falls to 613,725 shares while other trusts and direct holdings remain intact, leaving Tan with ~840 K shares overall. The Rule 10b5-1 checkbox is unchecked, implying discretionary timing. Large disposals by directors often signal profit-taking or reduced conviction and may pressure the stock in the short run. However, the director retains a substantial holding, so long-term alignment persists. Overall impact skews negative but is not catastrophic.

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)
06/16/2025

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	06/16/2025		S		39,100	D	$76.6506(1)	746,098	I	Walden Technology Ventures Investments II, L.P.(2)
Ordinary Shares	06/16/2025		S		32,373	D	$77.2275(3)	713,725	I	Walden Technology Ventures Investments II, L.P.(2)
Ordinary Shares	06/16/2025		S		58,374	D	$78.2447(4)	655,351	I	Walden Technology Ventures Investments II, L.P.(2)
Ordinary Shares	06/16/2025		S		41,626	D	$79.1236(5)	613,725	I	Walden Technology Ventures Investments II, L.P.(2)
Ordinary Shares								133,583	I	Lip-Bu Tan and Ysa Loo Trust(6)
Ordinary Shares								39,736	I	A&E Investment LLC(7)
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 $76.00 to $76.97. 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 $77.00 to $77.97. 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 $78.00 to $78.70. 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. This transaction was executed in multiple trades at prices ranging from $79.00 to $79.44. 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.

6. 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.

7. 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	06/18/2025
	** 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 CRDO shares did Lip-Bu Tan sell on June 16 2025?

The Form 4 reports that he sold 171,473 ordinary shares across four open-market transactions.

At what prices were the CRDO shares sold by the director?

Weighted-average prices were $76.6506, $77.2275, $78.2447 and $79.1236, within a $76.00–$79.44 trading range.

What is Lip-Bu Tan’s remaining indirect holding in Walden Technology Ventures after the sale?

The filing shows 613,725 ordinary shares remain held indirectly through Walden Technology Ventures Investments II L.P.

What is the director’s total beneficial ownership in CRDO after the reported transactions?

Post-sale, Tan beneficially owns about 840,618 shares—613,725 (Walden), 133,583 (family trust), 39,736 (A&E Investment LLC) and 53,574 direct.

Were the sales executed under a Rule 10b5-1 trading plan?

The form includes the Rule 10b5-1 checkbox, but it is not marked; the filing does not state that the transactions were made pursuant to such a plan.