Chi Fung Cheng - Nov 8, 2024 Form 4 Insider Report for Credo Technology Group Holding Ltd (CRDO)

Signature
/s/ James Laufman, attorney-in-fact
Stock symbol
CRDO
Transactions as of
Nov 8, 2024
Transactions value $
-$2,605,163
Form type
4
Date filed
11/12/2024, 04:20 PM
Previous filing
Nov 5, 2024
Next filing
Nov 20, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CRDO Ordinary Shares Sale -$1.14M -24.3K -0.28% $46.82 8.76M Nov 8, 2024 Cheng Huang Family Trust F1, F2, F3
transaction CRDO Ordinary Shares Sale -$1.27M -26.5K -0.3% $47.72 8.73M Nov 8, 2024 Cheng Huang Family Trust F1, F3, F4
transaction CRDO Ordinary Shares Sale -$202K -4.19K -0.05% $48.26 8.73M Nov 8, 2024 Cheng Huang Family Trust F1, F3, F5
holding CRDO Ordinary Shares 129K Nov 8, 2024 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 Cheng Huang Family Trust on September 7, 2023.
F2 This transaction was executed in multiple trades at prices ranging from $46.18 to $47.17. 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 ordinary shares held by the Cheng Huang Family Trust of which the Reporting Person and his spouse are trustees and the Reporting Person, his spouse and their children are beneficiaries. The Reporting Person disclaims beneficial ownership except to the extent of his and his spouse's pecuniary interest therein.
F4 This transaction was executed in multiple trades at prices ranging from $47.18 to $48.17. 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.
F5 This transaction was executed in multiple trades at prices ranging from $48.19 to $48.32. 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.