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

The Cheng Huang Family Trust holds 6,024,870 Credo ordinary shares, with Cheng Chi Fung and his spouse as trustees. They and their children are beneficiaries, and he disclaims beneficial ownership except for his and his spouse’s pecuniary interest in the trust’s holdings.

Was the Credo (CRDO) CTO’s 50,000-share award an open-market purchase?

No, the 50,000 shares were not bought on the open market. They were issued at $0.00 per share as part of performance-based restricted stock units, reflecting an equity compensation grant rather than a cash-funded share purchase transaction.

Credo Technology (CRDO) CTO earns 50,000-share PSU-based grant

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Cheng Chi Fung reported acquisition or exercise transactions in this Form 4 filing.

Credo Technology Group Holding Ltd chief technology officer Cheng Chi Fung reported an equity compensation award and updated share holdings. He received 50,000 ordinary shares at $0.00 per share as part of performance-based restricted stock units originally granted on March 7, 2025.

The award was earned after performance for the period ending May 2, 2026 was certified and remains subject to time-based vesting, with 25% scheduled to vest on each of June 10, 2026, 2027, 2028 and 2029. Following this grant, he holds 158,786 ordinary shares directly and 6,024,870 ordinary shares indirectly through the Cheng Huang Family Trust, where he and his spouse are trustees and beneficiaries with their children, and for which he disclaims beneficial ownership beyond their pecuniary interest.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Cheng Chi Fung

Role Chief Technology Officer

Type	Security	Shares	Price	Value
Grant/Award	Ordinary Shares	50,000	$0.00	--
holding	Ordinary Shares	--	--	--

Holdings After Transaction: Ordinary Shares — 158,786 shares (Direct, null); Ordinary Shares — 6,024,870 shares (Indirect, Cheng Huang Family Trust)

Footnotes (1)

Represents the number of ordinary shares earned upon the certification of performance of performance-based restricted stock units (PSUs) originally granted on March 7, 2025 for the performance period ending May 2, 2026. Pursuant to the terms of the PSU award, the award remains subject to vesting based on continued service, with 25% of the award scheduled to vest on each of June 10, 2026, June 10, 2027, June 10, 2028 and June 10, 2029. 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

PSU shares earned: 50,000 shares Grant price: $0.00 per share Direct holdings after award: 158,786 shares +5 more

8 metrics

PSU shares earned 50,000 shares Ordinary shares earned from performance-based RSUs

Grant price $0.00 per share Price for 50,000 awarded ordinary shares

Direct holdings after award 158,786 shares Ordinary shares held directly after transaction

Indirect trust holdings 6,024,870 shares Ordinary shares held by Cheng Huang Family Trust

Original PSU grant date March 7, 2025 Date PSUs were originally granted

Performance period end May 2, 2026 Date performance period for PSUs ended

First vesting date June 10, 2026 First 25% time-based vesting tranche

Final vesting date June 10, 2029 Last 25% time-based vesting tranche

Key Terms

performance-based restricted stock units (PSUs), vesting, beneficial ownership, pecuniary interest, +1 more

5 terms

performance-based restricted stock units (PSUs) financial

"Represents the number of ordinary shares earned upon the certification of performance of performance-based restricted stock units (PSUs) originally granted on March 7, 2025"

vesting financial

"the award remains subject to vesting based on continued service, with 25% of the award scheduled to vest"

Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.

beneficial ownership financial

"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"

indirect ownership financial

"Represents ordinary shares held by the Cheng Huang Family Trust of which the Reporting Person and his spouse are trustees"

Form 4 Insider Transactions: What Each Field Means →

05/26/2026 - 06:40 PM

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)
05/23/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Ordinary Shares	05/23/2026		A		50,000⁽¹⁾	A	$0	158,786	D
Ordinary Shares								6,024,870	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Represents the number of ordinary shares earned upon the certification of performance of performance-based restricted stock units (PSUs) originally granted on March 7, 2025 for the performance period ending May 2, 2026. Pursuant to the terms of the PSU award, the award remains subject to vesting based on continued service, with 25% of the award scheduled to vest on each of June 10, 2026, June 10, 2027, June 10, 2028 and June 10, 2029.

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	05/26/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

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

Credo Technology Group reported that chief technology officer Cheng Chi Fung received 50,000 ordinary shares as an equity award. The shares were earned from performance-based restricted stock units and issued at $0.00 per share as part of his compensation package.

Are the 50,000 Credo (CRDO) shares granted to Cheng Chi Fung fully vested?

The 50,000 shares are not fully vested; they remain subject to time-based vesting. The award vests in four equal 25% installments on June 10, 2026, June 10, 2027, June 10, 2028 and June 10, 2029, contingent on continued service.

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

After the reported award, Cheng Chi Fung directly holds 158,786 ordinary shares. This figure reflects his direct ownership only and excludes a much larger number of shares held indirectly through the Cheng Huang Family Trust associated with him and his family.

What performance period led to the Credo (CRDO) PSU shares earned by Cheng Chi Fung?

The earned shares came from performance-based restricted stock units originally granted on March 7, 2025. The number of shares was determined after performance for the period ending May 2, 2026 was certified, triggering the equity award subject to ongoing vesting.