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