Adam Thorngate-Gottlund - 02 Feb 2024 Form 4 Insider Report for Credo Technology Group Holding Ltd (CRDO)

Role
General Counsel & Secretary
Signature
/s/ Adam Thorngate-Gottlund
Issuer symbol
CRDO
Transactions as of
02 Feb 2024
Net transactions value
+$116,284
Form type
4
Filing time
07 Feb 2024, 15:38:47 UTC
Previous filing
24 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 Options Exercise $16,285 +58,162 +27% $0.2800* 271,294 02 Feb 2024 Direct F1
transaction CRDO Ordinary Shares Options Exercise $99,999 +42,918 +16% $2.33 314,212 02 Feb 2024 Direct F1

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 Employee Stock Option (Right to Buy) Options Exercise $0 -58,162 -58% $0.000000 42,858 02 Feb 2024 Ordinary Shares 58,162 $0.2800 Direct F2
transaction CRDO Employee Stock Option (Right to Buy) Options Exercise $0 -42,918 -63% $0.000000 25,415 02 Feb 2024 Ordinary Shares 42,918 $2.33 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Adam Thorngate-Gottlund is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 This transaction involved a cash exercise of a stock option without a subsequent sale of the underlying shares of common stock.
F2 These options were granted on October 19, 2016 and are fully vested.
F3 These options were granted on November 16, 2020. 25% of the options vested on September 1, 2021 and the remaining 75% vested in 36 successive equal monthly installments thereafter, in each case, subject to continued service through the applicable vesting date.
F4 On previous Form 4 filings, the Reporting Person inadvertently reported incorrect numbers of derivative securities beneficially owned in Column 9, which numbers were misreported due to an inadvertent administrative error that incorrectly calculated the actual amount of derivative securities beneficially owned following reported transactions. In fact, the current amount of derivative securities the Reporting Person directly beneficially owns is as reported in this Form 4.