Credo (CRDO) CEO logs 7,500-share gift to family charitable trust
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Credo Technology Group Holding Ltd director and CEO William Joseph Brennan reported a charitable share transfer. A trust associated with him, The Brennan Family Trust, made a bona fide gift of 7,500 ordinary shares to The Brennan Family Fund, a charitable remainder trust.
After the transactions, Brennan is shown with 347,652 ordinary shares held directly and 1,767,502 shares held indirectly through the family trust. The filing notes he does not share voting or investment power over the securities held by the trust and disclaims beneficial ownership except to the extent of his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
7,500 shares gifted
Mixed
2 txns
Insider
Brennan William Joseph
Role
Pres & Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Ordinary Shares | 7,500 | $0.00 | -- |
| holding | Ordinary Shares | -- | -- | -- |
Holdings After Transaction:
Ordinary Shares — 1,767,502 shares (Indirect, The Brennan Family Trust, DTD 09/06/2002);
Ordinary Shares — 347,652 shares (Direct, null)
Footnotes (1)
- Represents a gift of 7,500 ordinary shares from The Brennan Family Trust to The Brennan Family Fund, a charitable remainder trust. The Reporting Person does not share any voting or investment power over the securities held by the trust. The Reporting Person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein.
Key Figures
Gifted shares: 7,500 ordinary shares
Direct holdings after transaction: 347,652 ordinary shares
Indirect holdings after transaction: 1,767,502 ordinary shares
+1 more
4 metrics
Gifted shares
7,500 ordinary shares
Bona fide gift from The Brennan Family Trust to The Brennan Family Fund
Direct holdings after transaction
347,652 ordinary shares
Shares held directly by William Brennan following the reported transactions
Indirect holdings after transaction
1,767,502 ordinary shares
Shares held indirectly through The Brennan Family Trust after the gift
Gift transaction price
$0.0000 per share
Reported price for the 7,500-share bona fide gift
Key Terms
bona fide gift, charitable remainder trust, pecuniary interest
3 terms
bona fide gift financial
"The transaction code description identifies the transfer as a bona fide gift."
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
charitable remainder trust financial
"The Brennan Family Fund is described as a charitable remainder trust receiving 7,500 shares."
pecuniary interest financial
"He disclaims beneficial ownership except to the extent of his pecuniary interest therein."
FAQ
What insider transaction did Credo (CRDO) report for CEO William Brennan?
Credo’s CEO William Brennan reported a bona fide gift of 7,500 ordinary shares. The transfer was made from The Brennan Family Trust to The Brennan Family Fund, a charitable remainder trust, rather than through an open-market stock sale.
Was the Credo (CRDO) Form 4 transaction a market sale by the CEO?
The Form 4 describes the transaction as a bona fide gift, not an open-market sale. Shares were transferred between related trusts at a reported price of 0.0000 per share, indicating a non-cash, charitable-oriented disposition rather than a sale into the market.