Credo Technology CEO William Brennan Sells $2.91M via Rule 10b5-1 Plan
Credo Technology Group Holding Ltd
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Filing Summary
📊 Insider Sale Alert: CRDO Insider: Brennan William Joseph (Pres & Chief Executive Officer, Director) Action: Sold 16,666 Ordinary Shares at an average price of ~$174.87 per share Total Value: $2,914,305.89 Ownership Post-Transaction: 1,584,164 shares held indirectly via trust (+504,182 across other direct/GRAT holdings) Plan Execution: Rule 10b5-1 plan adopted June 10, 2026.
Comprehensive Analysis
Executive Summary
On October 19, 2026, William Joseph Brennan, President, CEO, and Director of Credo Technology Group Holding Ltd (CRDO), sold 16,666 ordinary shares at prices ranging from $169.99 to $180.93 across multiple tranches, resulting in gross proceeds of approximately $2.91 million.
Transaction & Plan Details
- Nature of Trades: All sales were executed automatically under a pre-established Rule 10b5-1 trading plan adopted on June 10, 2026.
- Volume & Weighted Average Price: 16,666 shares sold at a weighted average price of approximately $174.87 per share.
- Ownership Structure: The sold shares were held indirectly by The Brennan Family Trust, DTD 09/06/2002. Following the transactions, the trust holds 1,584,164 ordinary shares. In addition, Brennan maintains 354,182 shares directly and 150,000 shares across two GRAT accounts, retaining over 2.08 million shares in aggregate.
Significance & Market Impact
Because the disposition was conducted under a Rule 10b5-1 plan and represents less than 1% of Brennan's overall equity holding, the market significance of this filing is categorized as Low and indicates scheduled portfolio diversification rather than discretionary selling.
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