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

Role
Director
Signature
/s/ Adam Thorngate-Gottlund, attorney-in-fact
Stock symbol
CRDO
Transactions as of
Jan 31, 2022
Transactions value $
$0
Form type
4
Date filed
2/2/2022, 03:23 PM
Previous filing
Jan 26, 2022
Next filing
Feb 25, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CRDO Ordinary Shares Conversion of derivative security +1.5M +100% 3M Jan 31, 2022 Celesta Capital II, L.P. F1, F2
transaction CRDO Ordinary Shares Conversion of derivative security +2.39M +79.56% 5.39M Jan 31, 2022 Celesta Capital II, L.P. F1, F2
transaction CRDO Ordinary Shares Conversion of derivative security +200K +3.72% 5.59M Jan 31, 2022 Celesta Capital II, L.P. F1, F2
transaction CRDO Ordinary Shares Conversion of derivative security +324K +5.81% 5.91M Jan 31, 2022 Celesta Capital II, L.P. F1, F2
transaction CRDO Ordinary Shares Conversion of derivative security +1.5M +100% 3M Jan 31, 2022 China Walden Venture Investments II, L.P. F1, F3
transaction CRDO Ordinary Shares Conversion of derivative security +1.19M +39.78% 4.19M Jan 31, 2022 China Walden Venture Investments II, L.P. F1, F3
transaction CRDO Ordinary Shares Conversion of derivative security +501K +11.94% 4.69M Jan 31, 2022 China Walden Venture Investments II, L.P. F1, F3
transaction CRDO Ordinary Shares Conversion of derivative security +160K 160K Jan 31, 2022 A&E Investment LLC F1, F4
transaction CRDO Ordinary Shares Conversion of derivative security +93.5K +58.37% 254K Jan 31, 2022 A&E Investment LLC F1, F4
transaction CRDO Ordinary Shares Conversion of derivative security +1.54M 1.54M Jan 31, 2022 Celesta Capital III, L.P. F1, F5
transaction CRDO Ordinary Shares Conversion of derivative security +658K +42.68% 2.2M Jan 31, 2022 Celesta Capital III, L.P. F1, F5
holding CRDO Ordinary Shares 30K Jan 31, 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 -1.5M -100% $0.00* 0 Jan 31, 2022 Ordinary Shares 1.5M Celesta Capital II, L.P. F1, F2
transaction CRDO Series B Convertible Preferred Shares Conversion of derivative security $0 -2.39M -100% $0.00* 0 Jan 31, 2022 Ordinary Shares 2.39M Celesta Capital II, L.P. F1, F2
transaction CRDO Series D Convertible Preferred Shares Conversion of derivative security $0 -200K -100% $0.00* 0 Jan 31, 2022 Ordinary Shares 200K Celesta Capital II, L.P. F1, F2
transaction CRDO Series D+ Convertible Preferred Shares Conversion of derivative security $0 -324K -100% $0.00* 0 Jan 31, 2022 Ordinary Shares 324K Celesta Capital II, L.P. F1, F2
transaction CRDO Series A Convertible Preferred Shares Conversion of derivative security $0 -1.5M -100% $0.00* 0 Jan 31, 2022 Ordinary Shares 1.5M China Walden Venture Investments II, L.P. F1, F3
transaction CRDO Series B Convertible Preferred Shares Conversion of derivative security $0 -1.19M -100% $0.00* 0 Jan 31, 2022 Ordinary Shares 1.19M China Walden Venture Investments II, L.P. F1, F3
transaction CRDO Series D+ Convertible Preferred Shares Conversion of derivative security $0 -501K -100% $0.00* 0 Jan 31, 2022 Ordinary Shares 501K China Walden Venture Investments II, L.P. F1, F3
transaction CRDO Series D Convertible Preferred Shares Conversion of derivative security $0 -160K -100% $0.00* 0 Jan 31, 2022 Ordinary Shares 160K A&E Investment LLC F1, F4
transaction CRDO Series D+ Convertible Preferred Shares Conversion of derivative security $0 -93.5K -100% $0.00* 0 Jan 31, 2022 Ordinary Shares 93.5K A&E Investment LLC F1, F4
transaction CRDO Series D Convertible Preferred Shares Conversion of derivative security $0 -1.54M -100% $0.00* 0 Jan 31, 2022 Ordinary Shares 1.54M Celesta Capital III, L.P. F1, F5
transaction CRDO Series D+ Convertible Preferred Shares Conversion of derivative security $0 -658K -100% $0.00* 0 Jan 31, 2022 Ordinary Shares 658K 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.