Credo Technology (NASDAQ: CRDO) CTO family trust sells 27.5K shares in plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Credo Technology Group Holding Ltd reported that the Cheng Huang Family Trust, a trust associated with Chief Technology Officer Cheng Chi Fung, sold 27,500 Ordinary Shares of the company in open-market transactions on April 16, 2026.
The sales were executed in multiple trade blocks at reported weighted average prices, under a pre-arranged Rule 10b5-1 trading plan adopted by the trust on September 5, 2025. After these transactions, the trust continues to hold about 6,133,970 Ordinary Shares indirectly for the reporting person and family members.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 27,500 shares ($4,333,425)
Net Sell
8 txns
Insider
Cheng Chi Fung
Role
Chief Technology Officer
Sold
27,500 shs ($4.33M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Ordinary Shares | 900 | $154.0967 | $139K |
| Sale | Ordinary Shares | 2,455 | $155.1548 | $381K |
| Sale | Ordinary Shares | 2,895 | $155.9972 | $452K |
| Sale | Ordinary Shares | 5,545 | $157.3302 | $872K |
| Sale | Ordinary Shares | 10,300 | $158.1992 | $1.63M |
| Sale | Ordinary Shares | 4,865 | $158.9436 | $773K |
| Sale | Ordinary Shares | 440 | $160.3673 | $71K |
| Sale | Ordinary Shares | 100 | $165.51 | $17K |
Holdings After Transaction:
Ordinary Shares — 6,133,970 shares (Indirect, Cheng Huang Family Trust)
Footnotes (1)
- The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Cheng Huang Family Trust on September 5, 2025. This transaction was executed in multiple trades at prices ranging from $153.55 to $154.51. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected. Represents ordinary shares held by the Cheng Huang Family Trust of which the Reporting Person and his spouse are trustees and the Reporting Person, his spouse and their children are beneficiaries. The Reporting Person disclaims beneficial ownership except to the extent of his and his spouse's pecuniary interest therein. The full name of the trust is the Cheng Huang Family Trust U/T/A DTD 12/22/2003. This transaction was executed in multiple trades at prices ranging from $154.56 to $155.54. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected. This transaction was executed in multiple trades at prices ranging from $155.56 to $156.54. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected. This transaction was executed in multiple trades at prices ranging from $156.65 to $157.64. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected. This transaction was executed in multiple trades at prices ranging from $157.65 to $158.64. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected. This transaction was executed in multiple trades at prices ranging from $158.65 to $159.64. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected. This transaction was executed in multiple trades at prices ranging from $159.74 to $160.55. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
Key Figures
Shares sold: 27,500 shares
Remaining indirect holdings: 6,133,970 shares
Reported sale price (block): $165.51 per share
+2 more
5 metrics
Shares sold
27,500 shares
Ordinary Shares sold in open-market transactions on April 16, 2026
Remaining indirect holdings
6,133,970 shares
Ordinary Shares held indirectly after transactions via Cheng Huang Family Trust
Reported sale price (block)
$165.51 per share
Weighted average sale price for one transaction block of Ordinary Shares
Reported sale price (block)
$154.0967 per share
Weighted average sale price for another block of Ordinary Shares
Largest single block sold
10,300 shares
One open-market sale block at a weighted average price of $158.1992
Key Terms
Rule 10b5-1 trading plan, weighted average sale price, pecuniary interest, Ordinary Shares, +1 more
5 terms
Rule 10b5-1 trading plan regulatory
"The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Cheng Huang Family Trust"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
weighted average sale price financial
"The price reported above reflects the weighted average sale price"
pecuniary interest financial
"The Reporting Person disclaims beneficial ownership except to the extent of his and his spouse's pecuniary interest therein"
indirect ownership financial
"ownership_type": "indirect", "ownership_code": "I""
FAQ
What insider transaction did Credo Technology (CRDO) disclose in this Form 4?
Credo Technology disclosed that the Cheng Huang Family Trust, associated with CTO Cheng Chi Fung, sold 27,500 Ordinary Shares in open-market transactions on April 16, 2026. The trades were reported as multiple blocks with weighted average sale prices.
Was the Credo Technology (CRDO) insider sale made under a Rule 10b5-1 plan?
Yes. The filing states that the sales were effected under a Rule 10b5-1 trading plan adopted by the Cheng Huang Family Trust on September 5, 2025. Such plans pre-schedule trades, providing a structured framework for insider stock transactions.