Credo CTO trust sells 27,500 shares in plan
Rhea-AI Filing Summary
Credo Technology Group Holding Ltd (CRDO) insider Chi Fung Cheng, the Chief Technology Officer and a director, reported that the Cheng Huang Family Trust sold 27,500 Ordinary Shares on September 11, 2026 in open-market transactions under a Rule 10b5-1 trading plan adopted on September 5, 2025.
The filing also reports that Cheng directly holds 136,568 Ordinary Shares after these transactions; the trust’s remaining holdings are not specified in this report.
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Insights
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Insider Trade Summary 10b5-1
Net Seller: 27,500 shares
Net Sell
5 txns
Insider
Cheng Chi Fung
Role
Chief Technology Officer
Sold
27,500 shs ($4.48M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Ordinary Shares F1, F2, F3 | 600 | $160.9883 | $97K |
| Sale | Ordinary Shares F1, F4, F3 | 12,912 | $162.1843 | $2.09M |
| Sale | Ordinary Shares F1, F5, F3 | 9,585 | $163.0575 | $1.56M |
| Sale | Ordinary Shares F1, F6, F3 | 4,403 | $163.8797 | $722K |
| holding | Ordinary Shares | -- | -- | -- |
Holdings After Transaction:
Ordinary Shares — 5,744,897 shares (Indirect, Cheng Huang Family Trust);
Ordinary Shares — 136,568 shares (Direct)
Footnotes (6)
- F1. 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.
- F2. This transaction was executed in multiple trades at prices ranging from $160.60 to $161.36. 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.
- F3. 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.
- F4. This transaction was executed in multiple trades at prices ranging from $161.62 to $162.61. 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.
- F5. This transaction was executed in multiple trades at prices ranging from $162.62 to $163.61. 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.
- F6. This transaction was executed in multiple trades at prices ranging from $163.62 to $164.52. 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.
Key Figures
Shares sold: 27,500 Ordinary Shares
Weighted average sale price (block 1): $160.9883 per share
Weighted average sale price (block 2): $162.1843 per share
+4 more
7 metrics
Shares sold
27,500 Ordinary Shares
Total Ordinary Shares sold indirectly by the Cheng Huang Family Trust on September 11, 2026
Weighted average sale price (block 1)
$160.9883 per share
600 Ordinary Shares sold on September 11, 2026; individual trades ranged from $160.60 to $161.36
Weighted average sale price (block 2)
$162.1843 per share
12,912 Ordinary Shares sold; trades ranged from $161.62 to $162.61
Weighted average sale price (block 3)
$163.0575 per share
9,585 Ordinary Shares sold; trades ranged from $162.62 to $163.61
Weighted average sale price (block 4)
$163.8797 per share
4,403 Ordinary Shares sold; trades ranged from $163.62 to $164.52
Direct holdings after transaction
136,568 Ordinary Shares
Directly held by Chi Fung Cheng after the reported transactions
Rule 10b5-1 plan adoption date
September 5, 2025
Adoption date of the trading plan used for the September 11, 2026 sales
Key Terms
Rule 10b5-1 trading plan, weighted average sale price, pecuniary interest, beneficial ownership
4 terms
Rule 10b5-1 trading plan regulatory
"The sales reported ... 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"
pecuniary interest financial
"disclaims beneficial ownership except to the extent of his and his spouse's pecuniary interest"
beneficial ownership regulatory
"The Reporting Person disclaims beneficial ownership except to the extent"
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did CRDO report for its CTO on September 11, 2026?
Credo Technology Group (CRDO) reported that Chief Technology Officer and director Chi Fung Cheng, through the Cheng Huang Family Trust, sold 27,500 Ordinary Shares on September 11, 2026 in a series of open-market transactions at weighted average prices around $161–$164 per share.
Were the CRDO insider sales made under a Rule 10b5-1 plan?
Yes. The sales reported for CRDO were effected under a Rule 10b5-1 trading plan adopted by the Cheng Huang Family Trust on September 5, 2025, according to the footnotes, indicating the trades followed a pre-arranged schedule rather than discretionary timing.
Does the CRDO filing disclose exact trade prices for each insider sale?
The filing provides a weighted average sale price for each of the four insider sale entries and states that each was executed in multiple trades within specified price ranges, from $160.60–$161.36, $161.62–$162.61, $162.62–$163.61 and $163.62–$164.52 per share.
AI-generated analysis. How Rhea-AI works. Not financial advice.