Credo Technology CEO Sells $2.5 Million Worth of Company Shares
On September 14, 2026, William Joseph Brennan, the President and Chief Executive Officer of Credo Technology Group Holding Ltd (CRDO), sold 16,672 shares worth approximately $2.5 million under a pre-established Rule 10b5-1 trading plan. The transaction was disclosed via an SEC Form 4 filing and reflects part of Brennan's indirect holdings through the Brennan Family Trust. The sale occurred at a weighted average price of $151.88, while Credo Technology shares had declined by about 7% over the previous twelve months as of that date. Despite this transaction, Brennan still holds approximately 2.1 million shares directly and indirectly in the company, valued at around $339.1 million based on market close prices. Credo Technology Group is a semiconductor design firm with a focus on high-speed connectivity solutions for optical and electrical Ethernet applications. The company has seen strong demand from AI data centers and reported robust financial performance, including TTM revenue of $1.6 billion and net income of $538.3 million.
Tickers: $CRDO