Cheng Chi Fung trust sells 27,500 Credo (CRDO) shares under 10b5-1 plan
Rhea-AI Filing Summary
Credo Technology Group Holding Ltd director and CTO Cheng Chi Fung reported pre-planned share sales executed by the Cheng Huang Family Trust. On June 30, 2026, the trust sold a total of 27,500 ordinary shares of Credo in 21 open-market transactions under a Rule 10b5-1 trading plan adopted on September 5, 2025. Sale prices were reported as weighted averages from trade ranges generally between about $244.80 and $275.32 per share. Following these transactions, the Cheng Huang Family Trust held 5,937,170 ordinary shares, while Cheng Chi Fung also directly held 146,608 ordinary shares.
Positive
- None.
Negative
- None.
Insights
Pre-planned trust sales reduce holdings modestly while leaving a large remaining stake.
The transactions show the Cheng Huang Family Trust, associated with Credo’s CTO Cheng Chi Fung, selling 27,500 ordinary shares in open-market trades on June 30, 2026. All sales were executed under a previously adopted Rule 10b5-1 trading plan, indicating they were pre-scheduled.
After the sales, the trust still held 5,937,170 ordinary shares, and Cheng Chi Fung directly held 146,608 shares. This means a substantial position remains in both indirect and direct holdings. The filing characterizes prices with weighted averages from narrow intraday ranges, which is typical for multi-trade executions.
Because the activity is pre-planned and the remaining ownership is large, the economic signal is more about ongoing portfolio diversification than a fundamental shift in commitment. Subsequent company filings may update ownership levels if additional 10b5-1 trades occur.
Insider Trade Summary 10b5-1
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Ordinary Shares | 200 | $245.12 | $49K |
| Sale | Ordinary Shares | 100 | $249.95 | $25K |
| Sale | Ordinary Shares | 100 | $251.93 | $25K |
| Sale | Ordinary Shares | 300 | $253.4433 | $76K |
| Sale | Ordinary Shares | 100 | $254.81 | $25K |
| Sale | Ordinary Shares | 400 | $256.1675 | $102K |
| Sale | Ordinary Shares | 500 | $257.212 | $129K |
| Sale | Ordinary Shares | 200 | $258.15 | $52K |
| Sale | Ordinary Shares | 300 | $259.8667 | $78K |
| Sale | Ordinary Shares | 600 | $261.1367 | $157K |
| Sale | Ordinary Shares | 600 | $263.4167 | $158K |
| Sale | Ordinary Shares | 200 | $265.07 | $53K |
| Sale | Ordinary Shares | 100 | $266.08 | $27K |
| Sale | Ordinary Shares | 700 | $267.9457 | $188K |
| Sale | Ordinary Shares | 2,855 | $269.0273 | $768K |
| Sale | Ordinary Shares | 2,758 | $269.9001 | $744K |
| Sale | Ordinary Shares | 3,524 | $270.9169 | $955K |
| Sale | Ordinary Shares | 4,815 | $271.9088 | $1.31M |
| Sale | Ordinary Shares | 5,948 | $272.9815 | $1.62M |
| Sale | Ordinary Shares | 2,600 | $273.9092 | $712K |
| Sale | Ordinary Shares | 600 | $274.9378 | $165K |
| 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 $244.80 to $245.44. 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 $253.41 to $253.51. 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. This transaction was executed in multiple trades at prices ranging from $255.87 to $256.74. 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 $256.96 to $257.34. 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 $258.13 to $258.17. 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 $259.41 to $260.17. 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 $260.70 to $261.35. 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 $263.07 to $263.60. 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 $264.90 to $265.24. 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 $267.36 to $268.21. 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. This transaction was executed in multiple trades at prices ranging from $268.41 to $269.36. 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 $269.41 to $270.38. 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 $270.42 to $271.39. 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 $271.47 to $272.46. 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 $272.51 to $273.50. 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 $273.52 to $274.48. 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 $274.55 to $275.32. 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.