Credo Technology Group (NASDAQ: CRDO) CTO-linked family trust sells shares
Rhea-AI Filing Summary
Credo Technology Group Holding Ltd director and Chief Technology Officer Cheng Chi Fung reported multiple sales of ordinary shares on January 8, 2026. The transactions were executed by the Cheng Huang Family Trust under a Rule 10b5-1 trading plan adopted on September 5, 2025. The trust sold several blocks of shares at weighted average prices between approximately $135 and $143 per share in open market transactions. Following these sales, the trust held 6,387,370 ordinary shares, and Cheng Chi Fung also held 111,220 ordinary shares directly. The filing notes that he and his spouse are trustees of the trust and that he disclaims beneficial ownership except to the extent of their pecuniary interest.
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FAQ
Who is the insider in Credo Technology Group (CRDO)'s latest Form 4?
The reporting person is Cheng Chi Fung, a director and Chief Technology Officer of Credo Technology Group Holding Ltd.
What type of Credo (CRDO) shares were involved in this Form 4?
The transactions involved ordinary shares of Credo Technology Group Holding Ltd.
How were the Credo (CRDO) insider sales executed in this filing?
The sales were open market transactions by the Cheng Huang Family Trust, reported as code "S" for sales of non-derivative securities.
What trading plan was used for the Credo (CRDO) insider sales?
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.
What prices did the Credo (CRDO) ordinary shares sell for in this Form 4?
The reported weighted average sale prices for the trades range from about $136.00 to $142.72 per share, with footnotes noting underlying trade ranges.
How many Credo (CRDO) shares does the trust hold after these transactions?
After the reported sales, the Cheng Huang Family Trust is shown as holding 6,387,370 ordinary shares indirectly.
Does Cheng Chi Fung fully own the Credo (CRDO) shares held by the trust?
The filing explains that the shares are held by the Cheng Huang Family Trust, where he and his spouse are trustees and their family are beneficiaries, and he disclaims beneficial ownership except for his and his spouse's pecuniary interest.