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.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Ordinary Shares | 1,603 | $136.0036 | $218K |
| Sale | Ordinary Shares | 2,400 | $137.0913 | $329K |
| Sale | Ordinary Shares | 4,474 | $137.8825 | $617K |
| Sale | Ordinary Shares | 2,600 | $138.9491 | $361K |
| Sale | Ordinary Shares | 2,163 | $140.2939 | $303K |
| Sale | Ordinary Shares | 13,325 | $141.2182 | $1.88M |
| Sale | Ordinary Shares | 3,335 | $141.8906 | $473K |
| Sale | Ordinary Shares | 100 | $142.72 | $14K |
| holding | Ordinary Shares | -- | -- | -- |
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 $135.44 to $136.43. 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 $136.46 to $137.45. 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 $137.48 to $138.47. 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 $138.52 to $139.47. 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 $139.63 to $140.62. 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 $140.63 to $141.61. 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 $141.64 to $142.45. 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.
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.
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.