Credo Technology (NASDAQ: CRDO) CTO and family trust sell 31,290 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Credo Technology Group Holding Ltd director and Chief Technology Officer Cheng Chi Fung reported open-market sales of Credo ordinary shares. On July 8, 2026, he sold 3,790 shares at a weighted average price of $258.71 per share, leaving 140,358 shares held directly. On July 7, 2026, the Cheng Huang Family Trust, for which he and his spouse serve as trustees, sold multiple blocks totaling 27,500 shares at weighted average prices in the mid‑$200s per share under a Rule 10b5-1 trading plan adopted on September 5, 2025. After these trust transactions, 5,908,870 ordinary shares are held by the trust for the benefit of the reporting person, his spouse and their children, with beneficial ownership disclaimed except to the extent of their pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 31,290 shares ($7,664,771)
Net Sell
18 txns
Insider
Cheng Chi Fung
Role
Chief Technology Officer
Sold
31,290 shs ($7.66M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Ordinary Shares | 3,790 | $258.71 | $981K |
| Sale | Ordinary Shares | 1,000 | $236.5831 | $237K |
| Sale | Ordinary Shares | 3,085 | $237.6014 | $733K |
| Sale | Ordinary Shares | 2,000 | $238.7028 | $477K |
| Sale | Ordinary Shares | 1,640 | $239.6626 | $393K |
| Sale | Ordinary Shares | 2,992 | $240.6746 | $720K |
| Sale | Ordinary Shares | 3,275 | $241.6214 | $791K |
| Sale | Ordinary Shares | 985 | $242.6717 | $239K |
| Sale | Ordinary Shares | 1,815 | $243.8559 | $443K |
| Sale | Ordinary Shares | 2,600 | $244.7801 | $636K |
| Sale | Ordinary Shares | 1,308 | $246.0722 | $322K |
| Sale | Ordinary Shares | 1,300 | $247.0945 | $321K |
| Sale | Ordinary Shares | 2,100 | $248.1645 | $521K |
| Sale | Ordinary Shares | 1,800 | $249.4256 | $449K |
| Sale | Ordinary Shares | 800 | $250.1694 | $200K |
| Sale | Ordinary Shares | 500 | $251.194 | $126K |
| Sale | Ordinary Shares | 200 | $252.365 | $50K |
| Sale | Ordinary Shares | 100 | $253.55 | $25K |
Holdings After Transaction:
Ordinary Shares — 140,358 shares (Direct, null);
Ordinary Shares — 5,908,870 shares (Indirect, Cheng Huang Family Trust)
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 $236.07 to $237.02. 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 $237.07 to $238.05. 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 $238.16 to $239.15. 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 $239.21 to $240.20. 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 $240.21 to $241.18. 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 $241.22 to $242.04. 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 $242.23 to $243.15. 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 $243.32 to $244.25. 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 $244.38 to $245.37. 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 $245.60 to $246.52. 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 $246.62 to $247.61. 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 $247.71 to $248.69. 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 $248.86 to $249.84. 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 $249.87 to $250.70. 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 $250.96 to $251.41. 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 $252.13 to $252.60. 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.
Key Figures
Total shares sold: 31,290 shares
Direct sale size: 3,790 shares
Direct sale price: $258.71/share
+5 more
8 metrics
Total shares sold
31,290 shares
Net open-market sales reported in this Form 4
Direct sale size
3,790 shares
Ordinary shares sold directly on July 8, 2026
Direct sale price
$258.71/share
Weighted average price for 3,790-share sale
Direct holdings after sale
140,358 shares
Ordinary shares held directly after July 8, 2026 trade
Trust sale size
27,500 shares
Ordinary shares sold by Cheng Huang Family Trust on July 7, 2026
Trust holdings after sales
5,908,870 shares
Ordinary shares held by Cheng Huang Family Trust after transactions
Number of sale transactions
18 transactions
Non-derivative sale entries in transaction summary
10b5-1 plan adoption date
September 5, 2025
Rule 10b5-1 trading plan for Cheng Huang Family Trust
Key Terms
Rule 10b5-1 trading plan, weighted average sale price, beneficial ownership, pecuniary interest, +1 more
5 terms
Rule 10b5-1 trading plan regulatory
"The sales reported ... were effected pursuant to a Rule 10b5-1 trading plan adopted by the Cheng Huang Family Trust"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
weighted average sale price financial
"The price reported above reflects the weighted average sale price."
beneficial ownership regulatory
"The Reporting Person disclaims beneficial ownership except to the extent of his and his spouse's pecuniary interest therein."
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
pecuniary interest financial
"disclaims beneficial ownership except to the extent of his and his spouse's pecuniary interest therein."
open-market sale financial
"transaction_action": "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
FAQ
What insider transactions did Credo Technology (CRDO) report for Cheng Chi Fung?
Credo Technology reported that director and CTO Cheng Chi Fung executed open-market sales totaling 31,290 ordinary shares. These included 3,790 shares sold directly and 27,500 shares sold through the Cheng Huang Family Trust over two days.
At what prices were the Credo Technology (CRDO) insider sales executed?
The filing shows a direct sale of 3,790 ordinary shares at a weighted average price of $258.71 per share. Trust-related sales on July 7, 2026 occurred at various weighted average prices in the mid-$200s per share across multiple trade ranges.
Were the Credo Technology (CRDO) insider sales made under a Rule 10b5-1 plan?
Yes. The filing states that sales by the Cheng Huang Family Trust were effected pursuant to a Rule 10b5-1 trading plan adopted on September 5, 2025. Such pre-arranged plans automate trading and can reduce the significance of transaction timing.