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Credo Technology Group (CRDO) CTO trust sells 27,500 shares under 10b5-1 plan

(Very High)
(Very Negative)
Form Type
4

Rhea-AI Filing Summary

Credo Technology Group Holding Ltd director and Chief Technology Officer Chi Fung Cheng reported that the Cheng Huang Family Trust sold a total of 27,500 ordinary shares of Credo on July 21, 2026 in multiple open-market trades at weighted average prices between $217.3229 and $224.3872 per share, pursuant to a Rule 10b5-1 trading plan adopted on September 5, 2025. Cheng continues to hold 140,358 ordinary shares directly.

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Insider Cheng Chi Fung
Role Chief Technology Officer
Sold 27,500 shs ($6.11M)
Type Security Shares Price Value
Sale Ordinary Shares F1, F2, F3 700 $217.3229 $152K
Sale Ordinary Shares F1, F4, F3 498 $218.6864 $109K
Sale Ordinary Shares F1, F5, F3 1,202 $219.6741 $264K
Sale Ordinary Shares F1, F6, F3 1,300 $220.8461 $287K
Sale Ordinary Shares F1, F7, F3 6,490 $221.8399 $1.44M
Sale Ordinary Shares F1, F8, F3 9,310 $222.591 $2.07M
Sale Ordinary Shares F1, F9, F3 6,200 $223.5838 $1.39M
Sale Ordinary Shares F1, F10, F3 1,800 $224.3872 $404K
holding Ordinary Shares -- -- --
Holdings After Transaction: Ordinary Shares — 5,827,370 shares (Indirect, Cheng Huang Family Trust); Ordinary Shares — 140,358 shares (Direct)
Footnotes (10)
  1. 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.
  2. F2. This transaction was executed in multiple trades at prices ranging from $216.81 to $217.76. 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.
  3. 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.
  4. F4. This transaction was executed in multiple trades at prices ranging from $218.13 to $219.05. 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.
  5. F5. This transaction was executed in multiple trades at prices ranging from $219.13 to $219.97. 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.
  6. F6. This transaction was executed in multiple trades at prices ranging from $220.18 to $221.15. 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.
  7. F7. This transaction was executed in multiple trades at prices ranging from $221.18 to $222.17. 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.
  8. F8. This transaction was executed in multiple trades at prices ranging from $222.18 to $223.17. 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.
  9. F9. This transaction was executed in multiple trades at prices ranging from $223.18 to $224.14. 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.
  10. F10. This transaction was executed in multiple trades at prices ranging from $224.21 to $224.84. 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.
Ordinary shares sold 27,500 shares Aggregate sales by Cheng Huang Family Trust on July 21, 2026
Weighted average sale price (block 1) $217.3229 per share 700 ordinary shares sold indirectly by Cheng Huang Family Trust
Weighted average sale price (largest block) $222.5910 per share 9,310 ordinary shares sold indirectly by Cheng Huang Family Trust
Highest weighted average sale price $224.3872 per share 1,800 ordinary shares sold indirectly by Cheng Huang Family Trust
Direct ordinary shares held after transaction 140,358 shares Direct holdings reported as of July 21, 2026
10b5-1 plan adoption date September 5, 2025 Adoption date of Cheng Huang Family Trust Rule 10b5-1 trading plan
Rule 10b5-1 trading plan financial
"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."
beneficial ownership financial
"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."

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FAQ

What insider transaction did Credo Technology (CRDO) disclose in this Form 4?

Credo reported that CTO and director Chi Fung Cheng, through the Cheng Huang Family Trust, sold 27,500 ordinary shares on July 21, 2026 in a series of open-market transactions, all executed under a pre-established Rule 10b5-1 trading plan.

How many Credo (CRDO) shares were sold and at what prices?

The Cheng Huang Family Trust sold 27,500 ordinary shares of Credo in eight blocks at weighted average prices ranging from $217.3229 to $224.3872 per share, with each block executed through multiple trades within specified price ranges.

Were the CRDO share sales made under a Rule 10b5-1 trading plan?

Yes. All reported sales were effected under a Rule 10b5-1 trading plan adopted by the Cheng Huang Family Trust on September 5, 2025, and the Form 4’s Rule 10b5-1 checkbox is marked as affirming plan-based transactions.

Does Credo (CRDO) CTO Chi Fung Cheng still own shares after these sales?

Yes. After the reported transactions, Chi Fung Cheng directly holds 140,358 ordinary shares of Credo. The sold shares were held indirectly through the Cheng Huang Family Trust, which is separate from his reported direct ownership position.

Who held the Credo (CRDO) shares that were sold in these transactions?

The sold shares were held by the Cheng Huang Family Trust, for which Cheng and his spouse serve as trustees and their family are beneficiaries. Cheng disclaims beneficial ownership of these trust shares except to the extent of his and his spouse’s pecuniary interest.

How many Credo (CRDO) shares did the Cheng Huang Family Trust sell in total on July 21, 2026?

On July 21, 2026, the Cheng Huang Family Trust sold an aggregate of 27,500 ordinary shares of Credo across eight separate open-market sale transactions, as summarized in the Form 4’s transaction table and transaction summary section.
SEC Form 4
FORM 4UNITED 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).
X
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)
XDirector10% Owner
XOfficer (give title below)Other (specify below)
Chief Technology Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
07/21/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Ordinary Shares07/21/2026S(1)700D$217.3229(2)5,854,170ICheng Huang Family Trust(3)
Ordinary Shares07/21/2026S(1)498D$218.6864(4)5,853,672ICheng Huang Family Trust(3)
Ordinary Shares07/21/2026S(1)1,202D$219.6741(5)5,852,470ICheng Huang Family Trust(3)
Ordinary Shares07/21/2026S(1)1,300D$220.8461(6)5,851,170ICheng Huang Family Trust(3)
Ordinary Shares07/21/2026S(1)6,490D$221.8399(7)5,844,680ICheng Huang Family Trust(3)
Ordinary Shares07/21/2026S(1)9,310D$222.591(8)5,835,370ICheng Huang Family Trust(3)
Ordinary Shares07/21/2026S(1)6,200D$223.5838(9)5,829,170ICheng Huang Family Trust(3)
Ordinary Shares07/21/2026S(1)1,800D$224.3872(10)5,827,370ICheng Huang Family Trust(3)
Ordinary Shares140,358D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
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.
2. This transaction was executed in multiple trades at prices ranging from $216.81 to $217.76. 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.
3. 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.
4. This transaction was executed in multiple trades at prices ranging from $218.13 to $219.05. 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.
5. This transaction was executed in multiple trades at prices ranging from $219.13 to $219.97. 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.
6. This transaction was executed in multiple trades at prices ranging from $220.18 to $221.15. 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.
7. This transaction was executed in multiple trades at prices ranging from $221.18 to $222.17. 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.
8. This transaction was executed in multiple trades at prices ranging from $222.18 to $223.17. 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.
9. This transaction was executed in multiple trades at prices ranging from $223.18 to $224.14. 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.
10. This transaction was executed in multiple trades at prices ranging from $224.21 to $224.84. 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.
Remarks:
/s/ James Laufman, attorney-in-fact07/23/2026
** Signature of Reporting PersonDate
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)