STOCK TITAN

30,000 Credo Technology (CRDO) shares sold by Cheng family trust

Filing Impact
(Very High)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Credo Technology Group Holding Ltd reported an insider transaction involving the Cheng Huang Family Trust, an entity associated with Chief Technology Officer and director Cheng Chi Fung. On January 15, 2026, the trust sold a total of 30,000 ordinary shares in multiple open-market trades under a pre-arranged Rule 10b5-1 trading plan. The sales occurred at weighted average prices ranging from $149.10 to $164.06 per share. After these transactions, the trust held 6,357,370 ordinary shares indirectly, and Cheng Chi Fung also held 111,220 ordinary shares directly, while disclaiming beneficial ownership of the trust shares except to the extent of his and his spouse's pecuniary interest.

Positive

  • None.

Negative

  • None.
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
X
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Cheng Chi Fung

(Last) (First) (Middle)
110 RIO ROBLES

(Street)
SAN JOSE CA 95134

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Credo Technology Group Holding Ltd [ CRDO ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
X Officer (give title below) Other (specify below)
Chief Technology Officer
3. Date of Earliest Transaction (Month/Day/Year)
01/15/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Ordinary Shares 01/15/2026 S(1) 2,692 D $149.3352(2) 6,384,678 I Cheng Huang Family Trust(3)
Ordinary Shares 01/15/2026 S(1) 900 D $150.6144(4) 6,383,778 I Cheng Huang Family Trust(3)
Ordinary Shares 01/15/2026 S(1) 1,100 D $151.888(5) 6,382,678 I Cheng Huang Family Trust(3)
Ordinary Shares 01/15/2026 S(1) 4,000 D $153.1371(6) 6,378,678 I Cheng Huang Family Trust(3)
Ordinary Shares 01/15/2026 S(1) 3,100 D $153.9497(7) 6,375,578 I Cheng Huang Family Trust(3)
Ordinary Shares 01/15/2026 S(1) 3,300 D $155.0013(8) 6,372,278 I Cheng Huang Family Trust(3)
Ordinary Shares 01/15/2026 S(1) 3,954 D $156.2281(9) 6,368,324 I Cheng Huang Family Trust(3)
Ordinary Shares 01/15/2026 S(1) 5,154 D $157.0452(10) 6,363,170 I Cheng Huang Family Trust(3)
Ordinary Shares 01/15/2026 S(1) 1,500 D $157.9511(11) 6,361,670 I Cheng Huang Family Trust(3)
Ordinary Shares 01/15/2026 S(1) 600 D $159.3893(12) 6,361,070 I Cheng Huang Family Trust(3)
Ordinary Shares 01/15/2026 S(1) 1,400 D $160.369(13) 6,359,670 I Cheng Huang Family Trust(3)
Ordinary Shares 01/15/2026 S(1) 1,000 D $161.5914(14) 6,358,670 I Cheng Huang Family Trust(3)
Ordinary Shares 01/15/2026 S(1) 600 D $162.6467(15) 6,358,070 I Cheng Huang Family Trust(3)
Ordinary Shares 01/15/2026 S(1) 600 D $163.7617(16) 6,357,470 I Cheng Huang Family Trust(3)
Ordinary Shares 01/15/2026 S(1) 100 D $164.66 6,357,370 I Cheng Huang Family Trust(3)
Ordinary Shares 111,220 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
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.
2. This transaction was executed in multiple trades at prices ranging from $149.10 to $150.06. 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.
3. 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.
4. This transaction was executed in multiple trades at prices ranging from $150.25 to $151.10. 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.
5. This transaction was executed in multiple trades at prices ranging from $151.54 to $152.48. 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.
6. This transaction was executed in multiple trades at prices ranging from $152.54 to $153.53. 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.
7. This transaction was executed in multiple trades at prices ranging from $153.54 to $154.46. 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.
8. This transaction was executed in multiple trades at prices ranging from $154.60 to $155.51. 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.
9. This transaction was executed in multiple trades at prices ranging from $155.63 to $156.62. 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.
10. This transaction was executed in multiple trades at prices ranging from $156.63 to $157.58. 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.
11. This transaction was executed in multiple trades at prices ranging from $157.63 to $158.52. 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.
12. This transaction was executed in multiple trades at prices ranging from $158.87 to $159.83. 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.
13. This transaction was executed in multiple trades at prices ranging from $159.87 to $160.81. 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.
14. This transaction was executed in multiple trades at prices ranging from $161.07 to $161.88. 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.
15. This transaction was executed in multiple trades at prices ranging from $162.18 to $163.07. 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.
16. This transaction was executed in multiple trades at prices ranging from $163.49 to $164.06. 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.
Remarks:
/s/ James Laufman, attorney-in-fact 01/20/2026
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did Credo Technology Group (CRDO) report in this Form 4?

The filing reports that the Cheng Huang Family Trust, an entity associated with Credo Technology Group’s Chief Technology Officer and director Cheng Chi Fung, sold a total of 30,000 ordinary shares of Credo on January 15, 2026 in a series of open-market transactions.

Who is the reporting person in this Credo Technology Group (CRDO) Form 4 and what is their role?

The reporting person is Cheng Chi Fung, who serves as both a director and Chief Technology Officer of Credo Technology Group Holding Ltd. The reported sales relate to shares held by the Cheng Huang Family Trust rather than personal direct holdings.

Which entity actually sold the Credo Technology Group (CRDO) shares, and how are they held?

The sales were made by the Cheng Huang Family Trust. According to the filing, the trust holds Credo ordinary shares for the benefit of the reporting person, his spouse and their children, with the reporting person and his spouse acting as trustees. The reporting person disclaims beneficial ownership of these shares except to the extent of his and his spouse's pecuniary interest.

At what prices were the Credo Technology Group (CRDO) shares sold on January 15, 2026?

The ordinary shares were sold in multiple trades at weighted average prices disclosed for each block. The related footnotes state that individual trades occurred within price ranges from $149.10 up to $164.06 per share, with each line item in the table showing a specific weighted average price for that portion of the sale.

Was the Credo Technology Group (CRDO) insider sale made under a Rule 10b5-1 trading plan?

Yes. A footnote explains that 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. Such plans are pre-arranged trading programs intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

How many Credo Technology Group (CRDO) shares does the trust and the insider hold after the transactions?

Following the reported sales, the Cheng Huang Family Trust is shown as holding 6,357,370 ordinary shares of Credo indirectly. Separately, the Form 4 also reports 111,220 ordinary shares held directly, distinct from the trust holdings.

Does this Credo Technology Group (CRDO) Form 4 involve any derivative securities?

No. The Form 4 includes an empty table for derivative securities, and all reported transactions in the filing relate to non-derivative ordinary shares only, with no options, warrants or other derivative instruments listed.

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