Credo (NASDAQ: CRDO) CTO trust sells 27,500 shares under 10b5-1 plan
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 27,500 ordinary shares of CRDO indirectly held by the Cheng Huang Family Trust on April 27, 2026. The filing describes these as routine open-market transactions under a Rule 10b5-1 trading plan adopted by the trust on September 5, 2025.
Individual trades were executed at reported prices including 2,633 shares at $180.7813 per share and 8,322 shares at $179.9178 per share. After these sales, the trust holds 6,075,611 ordinary shares indirectly associated with Cheng, and Cheng also holds 108,786 ordinary shares directly.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 27,500 shares ($4,931,442)
Net Sell
13 txns
Insider
Cheng Chi Fung
Role
Chief Technology Officer
Sold
27,500 shs ($4.93M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Ordinary Shares | 4,259 | $177.1066 | $754K |
| Sale | Ordinary Shares | 5,589 | $177.8728 | $994K |
| Sale | Ordinary Shares | 4,630 | $179.0812 | $829K |
| Sale | Ordinary Shares | 8,322 | $179.9178 | $1.50M |
| Sale | Ordinary Shares | 2,633 | $180.7813 | $476K |
| Sale | Ordinary Shares | 767 | $181.9104 | $140K |
| Sale | Ordinary Shares | 300 | $183.05 | $55K |
| Sale | Ordinary Shares | 300 | $183.98 | $55K |
| Sale | Ordinary Shares | 400 | $185.73 | $74K |
| Sale | Ordinary Shares | 100 | $187.10 | $19K |
| Sale | Ordinary Shares | 100 | $189.09 | $19K |
| Sale | Ordinary Shares | 100 | $190.50 | $19K |
| holding | Ordinary Shares | -- | -- | -- |
Holdings After Transaction:
Ordinary Shares — 6,075,611 shares (Indirect, Cheng Huang Family Trust);
Ordinary Shares — 108,786 shares (Direct, null)
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 $176.45 to $177.44. 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 $177.45 to $178.43. 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 $178.45 to $179.43. 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 $179.45 to $180.44. 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. This transaction was executed in multiple trades at prices ranging from $180.45 to $181.39. 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 $181.52 to $182.22. 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 $182.78 to $183.59. 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 $183.87 to $184.04. 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 $185.34 to $186.00. 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
Shares sold: 27,500 shares
Example sale price: $180.7813 per share
Largest reported block: 8,322 shares
+5 more
8 metrics
Shares sold
27,500 shares
Open-market sales by Cheng Huang Family Trust on April 27, 2026
Example sale price
$180.7813 per share
2,633-share trade reported as weighted average sale price
Largest reported block
8,322 shares
Sold at $179.9178 per share in one transaction group
Indirect holdings after trades
6,075,611 shares
Ordinary shares held by Cheng Huang Family Trust after sales
Direct holdings after trades
108,786 shares
Ordinary shares held directly by Cheng Chi Fung after transactions
Trade date
April 27, 2026
All reported Form 4 transactions executed on this date
Sell transactions count
12 transactions
Number of open-market sale entries in the Form 4
10b5-1 plan adoption date
September 5, 2025
Date Cheng Huang Family Trust adopted Rule 10b5-1 plan
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
"sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan"
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"
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
"except to the extent of his and his spouse's pecuniary interest therein"
open-market sale financial
"transaction_code_description": "Sale in open market or private transaction"
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 transaction did Credo (CRDO) report for Cheng Chi Fung?
Credo disclosed that shares tied to CTO Cheng Chi Fung were sold. A family trust associated with him sold 27,500 ordinary shares of Credo in open-market trades on April 27, 2026, as reported in a Form 4 insider filing.
Were the Credo (CRDO) insider sales by the Cheng Huang Family Trust pre-planned?
Yes, the sales were made under a pre-planned trading arrangement. A footnote states they were effected pursuant to a Rule 10b5-1 trading plan adopted by the Cheng Huang Family Trust on September 5, 2025.
How does the Form 4 describe Cheng Chi Fung’s beneficial ownership in the Cheng Huang Family Trust?
The filing provides detailed context on beneficial ownership. It states the trust is for Cheng, his spouse, and their children, and that Cheng disclaims beneficial ownership except to the extent of his and his spouse’s pecuniary interest.