Yat Tung Lam - 26 Dec 2023 Form 4 Insider Report for Credo Technology Group Holding Ltd (CRDO)

Role
Chief Operating Officer, Director
Signature
/s/ Adam Thorngate-Gottlund, attorney-in-fact
Issuer symbol
CRDO
Transactions as of
26 Dec 2023
Net transactions value
-$7,747,304
Form type
4
Filing time
28 Dec 2023, 18:11:49 UTC
Previous filing
12 Dec 2023
Next filing
08 Jan 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CRDO Ordinary Shares Sale $2,979,765 -150,000 -5.7% $19.87 2,470,000 26 Dec 2023 By Zhan BVI Co Ltd F1, F2, F3
transaction CRDO Ordinary Shares Sale $4,642,630 -233,702 -8.1% $19.87 2,646,298 26 Dec 2023 By Chung BVI Co Ltd F1, F3, F4
transaction CRDO Ordinary Shares Sale $124,908 -6,298 -0.24% $19.83 2,640,000 27 Dec 2023 By Chung BVI Co Ltd F1, F3
holding CRDO Ordinary Shares 3,107,612 26 Dec 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 reporting person on July 13, 2023.
F2 This transaction was executed in multiple trades at prices ranging from $19.76 to $19.96. 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 indirectly held shares except to the extent of any pecuniary interest therein.
F4 This transaction was executed in multiple trades at prices ranging from $19.76 to $19.98. 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.