Credo COO Lam Yat Tung Disposes $20.6M in CRDO Shares Under 10b5-1 Plan

Executive Summary

On September 25, 2026, Lam Yat Tung, Chief Operating Officer and Director of Credo Technology Group Holding Ltd ($CRDO), executed open-market sales totaling 100,000 ordinary shares for gross proceeds of approximately $20.63 million. In addition, Mr. Lam transferred 175,000 shares via bona fide gifts for estate planning purposes.

Transaction Breakdown

• Open Market Sales (Rule 10b5-1):
  • Direct Sales: Sold 50,000 ordinary shares in three tranches:
    • 25,508 shares at a weighted average price of $205.3828
    • 11,170 shares at a weighted average price of $206.7167
    • 13,322 shares at a weighted average price of $207.6980
    • Total Direct Proceeds: ~$10.31 million
  • Indirect Sales (via Zhan BVI Co Ltd): Sold 50,000 ordinary shares in three tranches:
    • 26,000 shares at a weighted average price of $205.3935
    • 11,465 shares at a weighted average price of $206.8034
    • 12,535 shares at a weighted average price of $207.6829
    • Total Indirect Proceeds: ~$10.31 million
• Gifts & Estate Transfers:
  • Transferred 100,000 ordinary shares directly to The Lam GRAT 2026 (a grantor retained annuity trust).
  • Transferred 75,000 ordinary shares directly to spouse.

Ownership Structure Post-Transactions

Following the transactions:

• Direct Ownership: 2,304,169 ordinary shares
• Indirect Ownership:
  • 250,000 shares held through Zhan BVI Co Ltd
  • 100,000 shares held through The Lam GRAT 2026
  • 75,000 shares held by spouse
  • 125,000 shares held by EZ Trust

Key Takeaways

All sales were pre-arranged under a Rule 10b5-1 trading plan adopted on April 15, 2026. The transaction volume represents a minor fraction of Mr. Lam's overall beneficial stake, which remains well over 2.8 million shares across direct and indirect holdings.