Yat Tung Lam - Jul 11, 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
Jul 11, 2024
Transactions value $
-$306,216
Form type
4
Date filed
7/15/2024, 04:53 PM
Previous filing
Jul 9, 2024
Next filing
Aug 12, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CRDO Ordinary Shares Sale -$291K -9.5K -0.3% $30.59 3.12M Jul 11, 2024 Direct F1, F2
transaction CRDO Ordinary Shares Sale -$15.6K -500 -0.02% $31.18 3.12M Jul 11, 2024 Direct F1, F3
transaction CRDO Ordinary Shares Gift $0 -300K -9.62% $0.00 2.82M Jul 15, 2024 Direct F4
holding CRDO Ordinary Shares 1.27M Jul 11, 2024 By Zhan BVI Co Ltd F5
holding CRDO Ordinary Shares 720K Jul 11, 2024 By Chung BVI Co Ltd F5
* 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 $30.08 to $31.06. 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 This transaction was executed in multiple trades at prices ranging from $31.11 to $31.26. 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.
F4 Represents a gift of 300,000 ordinary shares from the Reporting Person to the U.S. Legacy Income Trust, a charitable trust. The Reporting Person does not share voting and investment power over the securities owned by the trust.
F5 The Reporting Person disclaims beneficial ownership of these indirectly held shares except to the extent of any pecuniary interest therein.