Credo (CRDO) CTO Cheng Chi Fung reports RSU tax-withholding and trust holdings

Rhea-AI Filing Summary

Credo Technology Group Holding Ltd director and Chief Technology Officer Cheng Chi Fung reported routine share movements related to equity compensation. On ordinary shares, 2,460 shares were disposed of at $241.91 per share to cover tax withholding obligations on vesting RSUs, leaving 144,148 ordinary shares held directly.

The filing also lists 5,909,870 ordinary shares held indirectly through the Cheng Huang Family Trust, where Cheng and his spouse serve as trustees and beneficiaries with their children. He disclaims beneficial ownership beyond their pecuniary interest, indicating these trust holdings are separate from his direct position.

Insights

Equity compensation and governance analyst

Routine tax withholding on RSU vesting; core holdings remain sizable.

The Form 4 shows Cheng Chi Fung had 2,460 ordinary shares withheld at $241.91 each to satisfy tax obligations tied to restricted stock unit vesting. Code F transactions are mechanical tax payments rather than discretionary open-market sales, so they carry limited signaling value.

After this disposition, Cheng still holds 144,148 ordinary shares directly and 5,909,870 shares indirectly via the Cheng Huang Family Trust, for which he disclaims full beneficial ownership. With no exercises or open-market trades reported and no derivatives remaining in this filing, the activity appears to be standard compensation-related housekeeping rather than a change in investment stance.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Cheng Chi Fung

Role Chief Technology Officer

Type	Security	Shares	Price	Value
Tax Withholding	Ordinary Shares	2,460	$241.91	$595K
holding	Ordinary Shares	--	--	--

Holdings After Transaction: Ordinary Shares — 144,148 shares (Direct, null); Ordinary Shares — 5,909,870 shares (Indirect, Cheng Huang Family Trust)

Footnotes (1)

1. Represents shares withheld by the Issuer to satisfy tax withholding obligations in connection with the vesting and settlement of RSUs. 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.

Key Figures

Tax-withholding shares: 2,460 shares Tax-withholding price: $241.91 per share Direct holdings after transaction: 144,148 shares +3 more

6 metrics

Tax-withholding shares 2,460 shares Ordinary shares withheld for RSU tax obligations

Tax-withholding price $241.91 per share Value used for RSU-related tax withholding

Direct holdings after transaction 144,148 shares Ordinary shares held directly following tax withholding

Indirect trust holdings 5,909,870 shares Ordinary shares held by Cheng Huang Family Trust

Transaction code Code F Payment of exercise price or tax liability by delivering securities

Dispose transactions 1 transaction Tax-withholding disposition in transaction summary

Key Terms

RSUs, tax withholding obligations, Cheng Huang Family Trust, disclaims beneficial ownership, +2 more

6 terms

RSUs financial

"in connection with the vesting and settlement of RSUs."

RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.

tax withholding obligations financial

"withheld by the Issuer to satisfy tax withholding obligations in connection"

Cheng Huang Family Trust financial

"Represents ordinary shares held by the Cheng Huang Family Trust of which"

disclaims beneficial ownership regulatory

"The Reporting Person disclaims beneficial ownership except to the extent"

ordinary shares financial

"Represents ordinary shares held by the Cheng Huang Family Trust"

Ordinary shares are a type of ownership stake in a company, giving shareholders a right to participate in the company’s profits and decision-making through voting. They are similar to owning a piece of a business, and their value can rise or fall based on the company's performance. Investors buy ordinary shares to potentially earn dividends and benefit from the company's growth over time.

Form 4 regulatory

"The Form 4 shows Cheng Chi Fung had 2,460 ordinary shares withheld"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/07/2026 - 04:02 PM Accepted by SEC EDGAR 07/07/2026 - 04:01 PM Learn about SEC filing dates

FAQ

What insider transaction did Credo Technology Group (CRDO) report for Cheng Chi Fung?

Credo Technology Group reported that director and CTO Cheng Chi Fung had 2,460 ordinary shares withheld at $241.91 each. These shares were used to cover tax obligations from vesting RSUs, rather than a discretionary open-market sale of stock.

How many Credo (CRDO) shares does Cheng Chi Fung hold directly after this Form 4?

After the tax-withholding disposition, Cheng Chi Fung holds 144,148 Credo ordinary shares directly. This figure reflects his remaining direct ownership position following the RSU-related share withholding disclosed in the Form 4 filing for the reported date.

What is the role of the Cheng Huang Family Trust in Credo (CRDO) share ownership?

The Cheng Huang Family Trust holds 5,909,870 Credo ordinary shares indirectly associated with Cheng Chi Fung. He and his spouse are trustees, with their family as beneficiaries, and he disclaims beneficial ownership beyond their pecuniary interest in the trust’s holdings.

Was the Credo (CRDO) insider transaction an open-market sale of shares?

No, the reported transaction was a tax-withholding disposition coded F, not an open-market sale. The issuer withheld 2,460 shares at $241.91 to satisfy tax obligations linked to the vesting and settlement of restricted stock units granted as compensation.

Does this Credo (CRDO) Form 4 indicate any option exercises or derivative trades?

The Form 4 does not show any option exercises or derivative transactions for Cheng Chi Fung. The reported activity relates only to RSU vesting tax withholding and an updated indirect holding entry, with no derivative positions listed in the derivative summary section.

How significant is the reported Credo (CRDO) tax-withholding disposition for shareholders?

The 2,460-share tax-withholding disposition is a routine administrative event tied to RSU vesting. Such transactions generally reflect compensation-related tax payments rather than a change in the insider’s view of the stock, especially when substantial direct and indirect holdings remain afterward.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Cheng Chi Fung

(Last) (First) (Middle)

110 RIO ROBLES

(Street)

SAN JOSE CALIFORNIA 95134

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Credo Technology Group Holding Ltd [ CRDO ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Technology Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/05/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Ordinary Shares	07/05/2026		F(1)		2,460	D	$241.91	144,148	D
Ordinary Shares								5,909,870	I	Cheng Huang Family Trust(2)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents shares withheld by the Issuer to satisfy tax withholding obligations in connection with the vesting and settlement of RSUs.

2. 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.

Remarks:

	/s/ James Laufman, attorney-in-fact	07/07/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)