A Credo Executive Sold Nearly $24 Million in Stock Across Two Sales in One Day
This insider maintains 2.6 million shares directly and roughly 475,000 indirectly through a family trust after a planned sale under a Rule 10b5-1 trading arrangement.
Overview
Yat Tung Lam, the chief operating officer of Credo Technology Group Holding Ltd (NASDAQ:CRDO), sold 50,000 shares on July 15, 2026, according to a recent SEC Form 4 filing.
Transaction value based on SEC Form 4 weighted average sale price ($225.45); post-transaction value based on July 15, 2026 market close ($226.74).
Details
Credo Technology Group operates as a specialized semiconductor designer with a market capitalization of $42.3 billion, leveraging proprietary serializer/deserializer (SerDes) technology to address the growing demand for high-speed connectivity infrastructure. The company has demonstrated significant market momentum, with TTM net income of $472.3 million representing a 36.4% net margin on $1.3 billion in revenue. As a pure-play connectivity solutions provider, Credo maintains a competitive advantage through its advanced chiplet architecture and proven ability to deliver solutions that support next-generation data center and telecommunications applications.
Source
Originally published at www.fool.com.