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Credo shareholder Lawrence Cheng plans $644K sale

Form 144 reports a planned Rule 144 sale of 3,790 Credo common shares by Lawrence Chi Fung Cheng and discloses several sizeable recent sales by an affiliated family trust.

(Neutral)
(Neutral)
Form Type
144

Rhea-AI Filing Summary

Credo Technology Group Holding Ltd (CRDO) received a Form 144 notice from Lawrence Chi Fung Cheng covering a planned sale of 3,790 shares of common stock through Morgan Stanley Smith Barney LLC under Rule 144. The shares relate to restricted stock vesting under a registered plan on September 1, 2025, as compensation for services rendered.

The notice also lists recent sales in the past three months, including multiple transactions by the Cheng Huang Family Trust of 27,500 common shares per trade on various June and July 2026 dates, and a July 8, 2026 sale by Lawrence Chi Fung Cheng of 3,790 shares.

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Shares proposed to be sold 3,790 shares Planned Rule 144 sale of Credo common stock by Lawrence Chi Fung Cheng
Proposed sale value $644,300 Aggregate value listed for the 3,790 Credo shares in the planned sale
Acquisition/vesting date of proposed-sale shares September 1, 2025 Restricted stock vesting under a registered plan for services rendered
Recent individual sale size by Cheng Huang Family Trust 27,500 shares Size of each listed common stock sale on multiple June–July 2026 dates
Sale on June 11, 2026 by Cheng Huang Family Trust 27,500 shares for $7,135,984.22 One of the common stock sales disclosed for the past three months
Sale on July 31, 2026 by Cheng Huang Family Trust 27,500 shares for $5,761,196.79 Common stock sale disclosed among recent transactions
Sale on July 8, 2026 by Lawrence Chi Fung Cheng 3,790 shares for $980,510.90 Individual common stock sale by the same person filing the notice
Rule 144 regulatory
"See the definition of "person" in paragraph (a) of Rule 144."
Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.
Restricted Stock financial
"Restricted Stock Vesting Under a Registered Plan"
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
Registered Plan financial
"Restricted Stock Vesting Under a Registered Plan"
A registered plan is a savings or investment account that a government recognizes for special tax treatment and rules, such as limits on how much you can put in and conditions for withdrawals. For investors it matters because those rules change how much of your gains are taxed, how quickly your money can be accessed and what strategies make sense — like a labeled jar that gives tax breaks but comes with rules about when and how you can take the money out.
services rendered financial
"3790 | 09/01/2025 | Services Rendered"

FAQ

What does the Form 144 filing report for Credo Technology Group Holding Ltd (CRDO)?

It reports that Lawrence Chi Fung Cheng has filed a notice under Rule 144 for a planned sale of 3,790 shares of Credo common stock through Morgan Stanley Smith Barney LLC, relating to restricted stock vesting under a registered plan for services rendered.

How many CRDO shares are proposed to be sold under this Form 144?

The filing covers a proposed sale of 3,790 shares of Credo Technology Group Holding Ltd common stock, associated with restricted stock vesting on September 1, 2025 under a registered equity plan.

What is the approximate value of the CRDO shares in the planned Lawrence Chi Fung Cheng sale?

The Form 144 lists an aggregate value of about $644,300 for the 3,790 shares of Credo common stock that are covered by the planned Rule 144 sale through Morgan Stanley Smith Barney LLC.

Which broker is handling the planned CRDO share sale reported in this Form 144?

The planned Rule 144 sale of 3,790 Credo common shares by Lawrence Chi Fung Cheng is indicated to be through Morgan Stanley Smith Barney LLC Executive Financial Services, located at 1 New York Plaza, New York.

What is the origin of the CRDO shares being sold under this Form 144?

The shares are described as restricted stock vesting under a registered plan, with an acquisition date of September 1, 2025, and are indicated as issued for services rendered by the issuer.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Learn about SEC filing dates

144: Filer Information

144: Issuer Information

144: Securities Information



Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold


* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.



Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

144: Remarks and Signature

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