William Joseph Brennan - Oct 11, 2023 Form 4 Insider Report for Credo Technology Group Holding Ltd (CRDO)

Role
Pres & Chief Executive Officer, Director
Signature
/s/ Adam Thorngate-Gottlund, attorney-in-fact
Stock symbol
CRDO
Transactions as of
Oct 11, 2023
Transactions value $
-$480,375
Form type
4
Date filed
10/12/2023, 07:10 PM
Previous filing
Sep 28, 2023
Next filing
Oct 24, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CRDO Ordinary Shares Sale -$241K -15K -0.38% $16.05 3.97M Oct 11, 2023 The Brennan Family Trust, DTD 09/06/2002 F1, F2, F3
transaction CRDO Ordinary Shares Sale -$240K -15K -0.38% $15.97 3.96M Oct 12, 2023 The Brennan Family Trust, DTD 09/06/2002 F3, F4
holding CRDO Ordinary Shares 463K Oct 11, 2023 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

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).

Explanation of Responses:

Id Content
F1 The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Brennan Family Trust on December 15, 2022.
F2 This transaction was executed in multiple trades at prices ranging from $15.92 to $16.35. 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.
F3 The Reporting Person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein.
F4 This transaction was executed in multiple trades at prices ranging from $15.84 to $16.16. 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.