Credo Technology (CRDO) CFO sells 7,580 shares under Rule 10b5-1 plan
Rhea-AI Filing Summary
Credo Technology Group Holding Ltd’s Chief Financial Officer Daniel W. Fleming reported selling a total of 7,580 Ordinary Shares in two open-market transactions on April 14, 2026. He sold 6,669 shares at a weighted average price of $152.5086 and 911 shares at a weighted average price of $153.5362. The filing states these sales were executed under a pre-arranged Rule 10b5-1 trading plan adopted on January 12, 2026, indicating they were scheduled in advance. After these transactions, Fleming directly holds 433,678 Ordinary Shares. The trades were completed in multiple executions within price ranges of $152.07 to $153.03 and $153.47 to $153.63, with the reported prices reflecting weighted averages.
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Insights
CFO’s small, pre-planned share sale looks routine and low impact.
The Chief Financial Officer, Daniel W. Fleming, sold 7,580 Ordinary Shares of Credo Technology Group Holding Ltd in two open-market transactions on April 14, 2026. Both trades are coded as sales and classified as non-derivative, meaning they involved existing common equity rather than options.
The filing notes that these sales were executed under a Rule 10b5-1 trading plan adopted on January 12, 2026. Such plans are established in advance and automate trading, which generally reduces the informational value of timing. Following the transactions, Fleming still directly holds 433,678 shares, indicating he retains a substantial position.
The reported sale prices are weighted averages around $152.51 and $153.54, with executions occurring within narrow price ranges. From the data provided, this appears to be routine portfolio management by a senior executive rather than a transformative event. Subsequent company filings may provide any additional context on future trading plan activity.
Insider Trade Summary 10b5-1
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Ordinary Shares | 6,669 | $152.5086 | $1.02M |
| Sale | Ordinary Shares | 911 | $153.5362 | $140K |
Footnotes (1)
- The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on January 12, 2026. This transaction was executed in multiple trades at prices ranging from $152.07 to $153.03. 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 $153.47 to $153.63. 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.