Director YatTung Lam Files to Sell $61.7M in Credo Stock Under 10b5-1 Plan
CRDO has more than doubled off its 52-week low of $86.485.
Summary
Credo Technology director and officer YatTung Lam filed a Form 144 to sell $61.7 million in shares under a 10b5-1 plan, adding to a recent wave of insider selling.
Key Events · Ownership and Investor Activity · CRDO
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Director Plans $61.7M Stock Sale
YatTung Lam, a director and officer, filed to sell 261,439 shares worth approximately $61.75 million under a 10b5-1 plan adopted April 15, 2026.
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Adds to Insider Selling Trend
This filing follows $84 million in net insider sales over the past 90 days, including a $12 million sale by the CEO in June 2026.
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10b5-1 Plan Reduces Discretionary Signal
The sale is executed under a pre-arranged trading plan, which typically reduces the signaling value but does not eliminate the overhang from large insider distributions.
Analysis · CRDO · Manufacturing
Director and officer YatTung Lam intends to sell 261,439 shares worth approximately $61.7 million under a pre-arranged 10b5-1 trading plan adopted in April 2026. While the sale is structured and planned, the dollar amount is substantial and adds to a pattern of insider selling — the CEO sold $12 million in June, and net insider sales over the past 90 days total $84 million. This filing signals continued distribution by insiders even as the company reports explosive revenue growth.
At the time of this filing, CRDO was trading at $227.00 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $42.3B. The 52-week trading range was $86.49 to $308.67. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.