CTO family trust sells Credo (CRDO) shares in 27,500-share plan trade
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Credo Technology Group Holding Ltd director and Chief Technology Officer Cheng Chi Fung reported that the Cheng Huang Family Trust executed open-market sales totaling 27,500 ordinary shares on March 31, 2026 under a pre-arranged Rule 10b5-1 trading plan adopted on September 5, 2025.
The sales were completed in multiple trades at weighted average prices ranging from about $88 to $94 per share. Following these transactions, the trust held 6,198,870 ordinary shares, and Cheng Chi Fung also held 111,220 ordinary shares directly.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 27,500 shares ($2,510,205)
Net Sell
7 txns
Insider
Cheng Chi Fung
Role
Chief Technology Officer
Sold
27,500 shs ($2.51M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Ordinary Shares | 4,500 | $88.8746 | $400K |
| Sale | Ordinary Shares | 6,071 | $89.6936 | $545K |
| Sale | Ordinary Shares | 3,415 | $90.6814 | $310K |
| Sale | Ordinary Shares | 4,200 | $91.8463 | $386K |
| Sale | Ordinary Shares | 2,200 | $92.6241 | $204K |
| Sale | Ordinary Shares | 7,114 | $93.6934 | $667K |
| holding | Ordinary Shares | -- | -- | -- |
Holdings After Transaction:
Ordinary Shares — 6,212,870 shares (Indirect, Cheng Huang Family Trust);
Ordinary Shares — 111,220 shares (Direct)
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 $88.22 to $89.21. 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 $89.27 to $90.25. 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 $90.27 to $91.26. 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 $91.35 to $92.30. 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 $92.35 to $93.06. 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 $93.38 to $94.07. 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
Price range: $88.22–$94.07 per share
Trust holdings after sale: 6,198,870 shares
+3 more
6 metrics
Shares sold
27,500 shares
Open-market sales on March 31, 2026
Price range
$88.22–$94.07 per share
Multiple trades on March 31, 2026
Trust holdings after sale
6,198,870 shares
Ordinary shares held by Cheng Huang Family Trust after transactions
Direct holdings
111,220 shares
Ordinary shares held directly after reported transactions
Net share direction
-27,500 shares
Net-sell from transaction summary
Sell transactions
6 transactions
Non-derivative open-market sales on March 31, 2026
Key Terms
Rule 10b5-1 trading plan, weighted average sale price, beneficial ownership, pecuniary interest, +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..."
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."
beneficial ownership regulatory
"The Reporting Person disclaims beneficial ownership except to the extent of his and his spouse's pecuniary interest therein."
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
pecuniary interest financial
"The Reporting Person disclaims beneficial ownership except to the extent of his and his spouse's pecuniary interest therein."
open-market sale financial
"transaction_action": "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
FAQ
What insider transactions did Credo (CRDO) report for March 31, 2026?
Credo reported that the Cheng Huang Family Trust sold 27,500 ordinary shares on March 31, 2026. These were open-market sales executed in multiple trades at various prices around the high-$80s to low-$90s per share.
At what prices were the Credo (CRDO) insider sales carried out on March 31, 2026?
The transactions were executed in multiple trades at prices ranging from about $88.22 to $94.07 per share. The Form 4 reports a weighted average sale price for each transaction line rather than each individual trade.
Were the Credo (CRDO) insider sales part of a Rule 10b5-1 trading plan?
Yes. The Form 4 states that the sales were made under a Rule 10b5-1 trading plan adopted by the Cheng Huang Family Trust on September 5, 2025. Such plans pre-schedule trades, reducing the significance of their timing.
Does the Credo (CRDO) Form 4 indicate beneficial ownership through a family trust?
Yes. The filing explains that shares are held by the Cheng Huang Family Trust, where Cheng Chi Fung and his spouse are trustees and their family are beneficiaries. He disclaims beneficial ownership beyond his and his spouse’s pecuniary interest.