Lip Bu Tan - 31 Jan 2022 Form 4 Insider Report for Credo Technology Group Holding Ltd (CRDO)

Role
Director
Signature
/s/ Adam Thorngate-Gottlund, attorney-in-fact
Issuer symbol
CRDO
Transactions as of
31 Jan 2022
Net transactions value
$0
Form type
4
Filing time
02 Feb 2022, 15:23:34 UTC
Previous filing
26 Jan 2022
Next filing
25 Feb 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CRDO Ordinary Shares Conversion of derivative security +1,500,000 +100% 3,000,000 31 Jan 2022 Celesta Capital II, L.P. F1, F2
transaction CRDO Ordinary Shares Conversion of derivative security +2,386,846 +80% 5,386,846 31 Jan 2022 Celesta Capital II, L.P. F1, F2
transaction CRDO Ordinary Shares Conversion of derivative security +200,276 +3.7% 5,587,122 31 Jan 2022 Celesta Capital II, L.P. F1, F2
transaction CRDO Ordinary Shares Conversion of derivative security +324,405 +5.8% 5,911,527 31 Jan 2022 Celesta Capital II, L.P. F1, F2
transaction CRDO Ordinary Shares Conversion of derivative security +1,500,000 +100% 3,000,000 31 Jan 2022 China Walden Venture Investments II, L.P. F1, F3
transaction CRDO Ordinary Shares Conversion of derivative security +1,193,423 +40% 4,193,423 31 Jan 2022 China Walden Venture Investments II, L.P. F1, F3
transaction CRDO Ordinary Shares Conversion of derivative security +500,658 +12% 4,694,081 31 Jan 2022 China Walden Venture Investments II, L.P. F1, F3
transaction CRDO Ordinary Shares Conversion of derivative security +160,220 160,220 31 Jan 2022 A&E Investment LLC F1, F4
transaction CRDO Ordinary Shares Conversion of derivative security +93,516 +58% 253,736 31 Jan 2022 A&E Investment LLC F1, F4
transaction CRDO Ordinary Shares Conversion of derivative security +1,542,127 1,542,127 31 Jan 2022 Celesta Capital III, L.P. F1, F5
transaction CRDO Ordinary Shares Conversion of derivative security +658,236 +43% 2,200,363 31 Jan 2022 Celesta Capital III, L.P. F1, F5
holding CRDO Ordinary Shares 30,000 31 Jan 2022 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction CRDO Series A Convertible Preferred Shares Conversion of derivative security $0 -1,500,000 -100% $0.000000* 0 31 Jan 2022 Ordinary Shares 1,500,000 Celesta Capital II, L.P. F1, F2
transaction CRDO Series B Convertible Preferred Shares Conversion of derivative security $0 -2,386,846 -100% $0.000000* 0 31 Jan 2022 Ordinary Shares 2,386,846 Celesta Capital II, L.P. F1, F2
transaction CRDO Series D Convertible Preferred Shares Conversion of derivative security $0 -200,276 -100% $0.000000* 0 31 Jan 2022 Ordinary Shares 200,276 Celesta Capital II, L.P. F1, F2
transaction CRDO Series D+ Convertible Preferred Shares Conversion of derivative security $0 -324,405 -100% $0.000000* 0 31 Jan 2022 Ordinary Shares 324,405 Celesta Capital II, L.P. F1, F2
transaction CRDO Series A Convertible Preferred Shares Conversion of derivative security $0 -1,500,000 -100% $0.000000* 0 31 Jan 2022 Ordinary Shares 1,500,000 China Walden Venture Investments II, L.P. F1, F3
transaction CRDO Series B Convertible Preferred Shares Conversion of derivative security $0 -1,193,423 -100% $0.000000* 0 31 Jan 2022 Ordinary Shares 1,193,423 China Walden Venture Investments II, L.P. F1, F3
transaction CRDO Series D+ Convertible Preferred Shares Conversion of derivative security $0 -500,658 -100% $0.000000* 0 31 Jan 2022 Ordinary Shares 500,658 China Walden Venture Investments II, L.P. F1, F3
transaction CRDO Series D Convertible Preferred Shares Conversion of derivative security $0 -160,220 -100% $0.000000* 0 31 Jan 2022 Ordinary Shares 160,220 A&E Investment LLC F1, F4
transaction CRDO Series D+ Convertible Preferred Shares Conversion of derivative security $0 -93,516 -100% $0.000000* 0 31 Jan 2022 Ordinary Shares 93,516 A&E Investment LLC F1, F4
transaction CRDO Series D Convertible Preferred Shares Conversion of derivative security $0 -1,542,127 -100% $0.000000* 0 31 Jan 2022 Ordinary Shares 1,542,127 Celesta Capital III, L.P. F1, F5
transaction CRDO Series D+ Convertible Preferred Shares Conversion of derivative security $0 -658,236 -100% $0.000000* 0 31 Jan 2022 Ordinary Shares 658,236 Celesta Capital III, L.P. F1, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each Series A Convertible Preferred Share, Series B Convertible Preferred Share, Series D Convertible Preferred Share and Series D+ Convertible Preferred Share (collectively, the "Preferred Shares) is convertible into Ordinary Shares of the Issuer on a one-for-one basis and has no expiration date. Effective immediately prior to the closing of the Issuer's initial public offering, each Preferred Share automatically converted into one Ordinary Share.
F2 The Reporting Person is the Managing Director of Celesta Capital GP II, Ltd., which is the general partner of Celesta Capital II, L.P. The Reporting Person disclaims beneficial ownership of these indirectly held shares except to the extent of any pecuniary interest therein. Represents restricted stock units that will vest over a period of four years subject to continued employment through each vesting date.
F3 The Reporting Person is the Managing Director of China Walden Venture Investment II G.P., Ltd., which is the general partner of China Walden Venture Investments II, L.P. The Reporting Person disclaims beneficial ownership of these indirectly held shares except to the extent of any pecuniary interest therein.
F4 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.
F5 The Reporting Person is the Managing Director of Celesta Capital GP III, LLC, which is the general partner of Celesta Capital III, L.P. The Reporting Person disclaims beneficial ownership of these indirectly held shares except to the extent of any pecuniary interest therein.