Family trust tied to Credo (CRDO) CTO sells 27,500 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 ordinary shares held through the Cheng Huang Family Trust. On June 16, 2026, the trust sold a total of 27,500 ordinary shares in multiple trades at weighted-average prices generally between about $239 and $258 per share, effected under a pre-arranged Rule 10b5-1 trading plan adopted on September 5, 2025. Following these sales, the trust holds 5,990,184 ordinary shares, and Cheng Chi Fung also holds 146,608 ordinary shares directly.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 27,500 shares ($6,783,985)
Net Sell
18 txns
Insider
Cheng Chi Fung
Role
Chief Technology Officer
Sold
27,500 shs ($6.78M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Ordinary Shares | 2,186 | $239.6007 | $524K |
| Sale | Ordinary Shares | 900 | $241.2714 | $217K |
| Sale | Ordinary Shares | 2,000 | $242.3505 | $485K |
| Sale | Ordinary Shares | 1,600 | $243.4562 | $390K |
| Sale | Ordinary Shares | 2,491 | $244.7277 | $610K |
| Sale | Ordinary Shares | 4,377 | $245.6631 | $1.08M |
| Sale | Ordinary Shares | 3,137 | $246.6111 | $774K |
| Sale | Ordinary Shares | 2,325 | $247.5206 | $575K |
| Sale | Ordinary Shares | 2,000 | $248.6237 | $497K |
| Sale | Ordinary Shares | 1,669 | $249.8454 | $417K |
| Sale | Ordinary Shares | 1,000 | $250.7801 | $251K |
| Sale | Ordinary Shares | 801 | $251.6759 | $202K |
| Sale | Ordinary Shares | 614 | $253.2488 | $155K |
| Sale | Ordinary Shares | 1,100 | $254.3836 | $280K |
| Sale | Ordinary Shares | 900 | $255.6778 | $230K |
| Sale | Ordinary Shares | 300 | $256.85 | $77K |
| Sale | Ordinary Shares | 100 | $257.61 | $26K |
| holding | Ordinary Shares | -- | -- | -- |
Holdings After Transaction:
Ordinary Shares — 5,990,184 shares (Indirect, Cheng Huang Family Trust);
Ordinary Shares — 146,608 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 $239.18 to $239.99. 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 $240.67 to $241.57. 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 $241.94 to $242.83. 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 $243.08 to $244.01. 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 $244.15 to $245.14. 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 $245.17 to $246.16. 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 $246.17 to $247.16. 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 $247.17 to $248.03. 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 $248.23 to $249.19. 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 $249.34 to $250.23. 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 $250.36 to $251.32. 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 $251.39 to $251.97. 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 $252.77 to $253.76. 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 $253.79 to $254.74. 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 $255.38 to $256.16. 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 $256.46 to $257.09. 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
Sale price example (high): $257.61 per share
Sale price example (low range): $239.18–$239.99 per share
+3 more
6 metrics
Shares sold
27,500 ordinary shares
Total open-market sales on June 16, 2026 by Cheng Huang Family Trust
Sale price example (high)
$257.61 per share
Weighted-average price for a 100-share sale block on June 16, 2026
Sale price example (low range)
$239.18–$239.99 per share
Disclosed trade price range for one transaction group on June 16, 2026
Indirect holdings after sale
5,990,184 ordinary shares
Ordinary shares held by the Cheng Huang Family Trust after transactions
Direct holdings
146,608 ordinary shares
Ordinary shares held directly by Cheng Chi Fung as of June 16, 2026
Sell transactions count
17 sale entries
Number of non-derivative sale transactions reported in the Form 4
Key Terms
Rule 10b5-1 trading plan, weighted average sale price, open-market sale, beneficial ownership, +2 more
6 terms
Rule 10b5-1 trading plan regulatory
"The sales reported in this Form 4 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"
open-market sale financial
"transaction_action: "open-market sale" with transaction_code "S""
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.
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
"disclaims beneficial ownership except to the extent of his and his spouse's pecuniary interest therein"
indirect ownership financial
"ownership_type: "indirect" and nature_of_ownership: "Cheng Huang Family Trust""
FAQ
What insider activity did Credo Technology Group (CRDO) report in this Form 4?
Credo Technology’s Chief Technology Officer, Cheng Chi Fung, reported that a family trust associated with him sold 27,500 ordinary shares in open-market transactions on June 16, 2026, while retaining a substantial remaining ownership position.
Was the Credo (CRDO) insider sale made under a Rule 10b5-1 trading plan?
Yes. The filing states these sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Cheng Huang Family Trust on September 5, 2025, indicating the transactions were pre-scheduled rather than discretionary market-timed trades.
What do the weighted-average price footnotes mean in this Credo (CRDO) Form 4?
Each sale line aggregates many individual trades executed within a price range. The reported price is the weighted-average sale price, and the insider undertakes to provide full trade details, including exact share counts and prices within each range, upon request.