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.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Ordinary Shares | 2,692 | $149.3352 | $402K |
| Sale | Ordinary Shares | 900 | $150.6144 | $136K |
| Sale | Ordinary Shares | 1,100 | $151.888 | $167K |
| Sale | Ordinary Shares | 4,000 | $153.1371 | $613K |
| Sale | Ordinary Shares | 3,100 | $153.9497 | $477K |
| Sale | Ordinary Shares | 3,300 | $155.0013 | $512K |
| Sale | Ordinary Shares | 3,954 | $156.2281 | $618K |
| Sale | Ordinary Shares | 5,154 | $157.0452 | $809K |
| Sale | Ordinary Shares | 1,500 | $157.9511 | $237K |
| Sale | Ordinary Shares | 600 | $159.3893 | $96K |
| Sale | Ordinary Shares | 1,400 | $160.369 | $225K |
| Sale | Ordinary Shares | 1,000 | $161.5914 | $162K |
| Sale | Ordinary Shares | 600 | $162.6467 | $98K |
| Sale | Ordinary Shares | 600 | $163.7617 | $98K |
| Sale | Ordinary Shares | 100 | $164.66 | $16K |
| 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 $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. 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 $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. 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. 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. 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. 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. 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. 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. 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. 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. 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. 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. 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. 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.
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.
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).
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.