Daniel W. Fleming - May 30, 2024 Form 4 Insider Report for Credo Technology Group Holding Ltd (CRDO)

Signature
/s/ Katherine E. Schuelke, attorney-in-fact
Stock symbol
CRDO
Transactions as of
May 30, 2024
Transactions value $
-$561,684
Form type
4
Date filed
6/3/2024, 04:58 PM
Previous filing
Apr 8, 2024
Next filing
Jun 20, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CRDO Ordinary Shares Options Exercise $5.5K +20K +2.84% $0.28* 724K May 30, 2024 Direct
transaction CRDO Ordinary Shares Sale -$503K -20K -2.76% $25.15 704K May 30, 2024 Direct F1, F2
transaction CRDO Ordinary Shares Tax liability -$64.1K -2.46K -0.35% $26.07 702K May 31, 2024 Direct F3

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 -20K -29.07% $0.00 48.8K May 30, 2024 Ordinary Shares 20K $0.28 Direct F4
* 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 June 26, 2023.
F2 This transaction was executed in multiple trades at prices ranging from $25.00 to $25.36. 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 Represents shares withheld by the Issuer to satisfy tax withholding obligations in connection with the vesting and settlement of RSUs.
F4 These options were granted on May 10, 2016 and are fully vested.