STOCK TITAN

Credo Technology (NASDAQ: CRDO) CTO family trust sells 27.5K shares in plan

Filing Impact
(Very High)
Filing Sentiment
(Negative)
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 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)
  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.
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
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"
Ordinary Shares financial
"Represents ordinary shares held by the Cheng Huang Family Trust"
Ordinary shares are a type of ownership stake in a company, giving shareholders a right to participate in the company’s profits and decision-making through voting. They are similar to owning a piece of a business, and their value can rise or fall based on the company's performance. Investors buy ordinary shares to potentially earn dividends and benefit from the company's growth over time.
indirect ownership financial
"ownership_type": "indirect", "ownership_code": "I""
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
X
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Cheng Chi Fung

(Last)(First)(Middle)
110 RIO ROBLES

(Street)
SAN JOSE CALIFORNIA 95134

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
Credo Technology Group Holding Ltd [ CRDO ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
XOfficer (give title below)Other (specify below)
Chief Technology Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
04/16/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Ordinary Shares04/16/2026S(1)900D$154.0967(2)6,133,970ICheng Huang Family Trust(3)
Ordinary Shares04/16/2026S(1)2,455D$155.1548(4)6,131,515ICheng Huang Family Trust(3)
Ordinary Shares04/16/2026S(1)2,895D$155.9972(5)6,128,620ICheng Huang Family Trust(3)
Ordinary Shares04/16/2026S(1)5,545D$157.3302(6)6,123,075ICheng Huang Family Trust(3)
Ordinary Shares04/16/2026S(1)10,300D$158.1992(7)6,112,775ICheng Huang Family Trust(3)
Ordinary Shares04/16/2026S(1)4,865D$158.9436(8)6,107,910ICheng Huang Family Trust(3)
Ordinary Shares04/16/2026S(1)440D$160.3673(9)6,107,470ICheng Huang Family Trust(3)
Ordinary Shares04/16/2026S(1)100D$165.516,107,370ICheng Huang Family Trust(3)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
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.
2. 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.
3. 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.
4. 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.
5. 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.
6. 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.
7. 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.
8. 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.
9. 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.
Remarks:
/s/ James Laufman, attorney-in-fact04/20/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

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.

At what prices were the Credo Technology (CRDO) shares sold in the reported trades?

The Ordinary Shares were sold in several blocks at reported weighted average prices, including amounts such as $165.51 and mid‑$150s per share. Footnotes explain that each block reflects averages for numerous trades within specified price ranges.

How many Credo Technology (CRDO) shares does the trust hold after the Form 4 sales?

Following the reported sales, the Cheng Huang Family Trust holds about 6,133,970 Credo Technology Ordinary Shares indirectly. These shares are held for the benefit of the reporting person, spouse, and their children through the family trust structure.

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.

Who is the insider linked to the Credo Technology (CRDO) share sales?

The transactions are associated with Cheng Chi Fung, Credo Technology’s Chief Technology Officer and director. The shares are held by the Cheng Huang Family Trust, where he and his spouse serve as trustees and family members are beneficiaries.

Does the Credo Technology (CRDO) reporting person claim full ownership of the trust shares?

No. The filing notes the reporting person disclaims beneficial ownership of the trust’s Ordinary Shares except to the extent of his and his spouse’s pecuniary interest. The trust benefits the reporting person, spouse, and their children.