What This Credo Insider's $12.6 Million Sale Means With Shares Up 121%
This insider maintains 3.1 million shares valued at $705 million after a sale under a Rule 10b5-1 trading plan.
Overview
Lam Yat Tung, the chief operating officer of Credo Technology Group Holding Ltd (NASDAQ:CRDO), reported a sale of 55,998 Ordinary Shares on July 15, 2026, for a total value of $12.6 million, according to an SEC Form 4 filing.
Transaction value based on SEC Form 4 weighted average sale price ($225.44); post-transaction value based on July 15, 2026 market close ($226.74).
Details
Credo Technology Group is a semiconductor specialist with a $42.3 billion market capitalization, generating $1.3 billion in TTM revenue with a net profit margin of approximately 36.4%, demonstrating strong operational leverage in the high-speed connectivity market. The company leverages proprietary SerDes chiplet technology to address the critical infrastructure requirements of cloud computing and next-generation Ethernet deployments. With a 121.02% one-year stock price appreciation, Credo has established itself as a key enabler of data center connectivity solutions in an increasingly bandwidth-intensive computing environment.
Source
Originally published at www.fool.com.