TLDR:
- Credo Technology CEO, William Joseph Brennan, sold over $600k worth of company stock in March 2024.
- The sales were conducted under a Rule 10b5-1 trading plan to avoid accusations of insider trading.
Credo Technology Group Holding Ltd (NASDAQ: CRDO) CEO, William Joseph Brennan, executed a sale of company stock valued at over $600,000, according to recent filings. The transactions, which occurred on March 13th and 14th, involved the sale of 30,000 ordinary shares at prices ranging between $19.72 and $20.5525. The sales were conducted under a Rule 10b5-1 trading plan, which Brennan had adopted on March 9, 2023. This type of plan allows company insiders to set up a predetermined schedule for buying or selling shares at a time when they are not in possession of material non-public information, to avoid any accusations of insider trading…