Credo CTO trust sells 27,500 shares in 10b5-1 plan
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
4
Rhea-AI Filing Summary
Credo Technology Group Holding Ltd Chief Technology Officer Cheng Chi Fung reported a series of open-market sales of 27,500 Ordinary Shares by the Cheng Huang Family Trust on June 11, 2026, at prices between $243.10 and $266.68 per share under a pre-arranged Rule 10b5-1 trading plan.
After these sales, the trust’s indirect holdings reported in this filing total 5,992,370 shares, while Cheng holds 146,608 shares directly. The filing also shows a 5,000-share bona fide gift by the trust and 4,919 shares withheld to cover tax obligations on RSU vesting.
Insider Trade Summary 10b5-1
Net Seller: 27,500 shares
Net Sell
22 txns
Insider
Cheng Chi Fung
Role
Chief Technology Officer
Sold
27,500 shs ($7.14M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Ordinary Shares | 100 | $243.10 | $24K |
| Sale | Ordinary Shares | 100 | $244.90 | $24K |
| Sale | Ordinary Shares | 200 | $247.695 | $50K |
| Sale | Ordinary Shares | 200 | $249.065 | $50K |
| Sale | Ordinary Shares | 600 | $250.4283 | $150K |
| Sale | Ordinary Shares | 500 | $252.038 | $126K |
| Sale | Ordinary Shares | 600 | $253.2949 | $152K |
| Sale | Ordinary Shares | 300 | $254.2167 | $76K |
| Sale | Ordinary Shares | 796 | $255.4026 | $203K |
| Sale | Ordinary Shares | 2,304 | $256.4473 | $591K |
| Sale | Ordinary Shares | 3,381 | $257.6736 | $871K |
| Sale | Ordinary Shares | 3,519 | $258.6591 | $910K |
| Sale | Ordinary Shares | 3,400 | $259.5596 | $883K |
| Sale | Ordinary Shares | 2,800 | $260.555 | $730K |
| Sale | Ordinary Shares | 1,600 | $261.6038 | $419K |
| Sale | Ordinary Shares | 900 | $263.0096 | $237K |
| Sale | Ordinary Shares | 1,660 | $263.888 | $438K |
| Sale | Ordinary Shares | 3,640 | $264.8606 | $964K |
| Sale | Ordinary Shares | 800 | $265.7188 | $213K |
| Sale | Ordinary Shares | 100 | $266.68 | $27K |
| Exercise Price or Tax Liability | Ordinary Shares | 4,919 | $237.68 | $1.17M |
| Gift | Ordinary Shares | 5,000 | $0.00 | $0.00 |
Holdings After Transaction:
Ordinary Shares — 146,608 shares (Direct);
Ordinary Shares — 5,992,370 shares (Indirect, Cheng Huang Family Trust)
Footnotes (20)
- F1. 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.
- F2. Represents shares withheld by the Issuer to satisfy tax withholding obligations in connection with the vesting and settlement of RSUs.
- F3. 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.
- F4. This transaction was executed in multiple trades at prices ranging from $247.41 to $247.98. 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 $248.95 to $249.18. 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 $250.06 to $250.82. 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.
- F7. This transaction was executed in multiple trades at prices ranging from $251.53 to $252.51. 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.
- F8. This transaction was executed in multiple trades at prices ranging from $252.94 to $253.78. 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.
- F9. This transaction was executed in multiple trades at prices ranging from $253.99 to $254.40. 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.
- F10. This transaction was executed in multiple trades at prices ranging from $254.99 to $255.94. 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.
- F11. This transaction was executed in multiple trades at prices ranging from $256.01 to $257.00. 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.
- F12. This transaction was executed in multiple trades at prices ranging from $257.11 to $258.10. 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.
- F13. This transaction was executed in multiple trades at prices ranging from $258.14 to $259.10. 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.
- F14. This transaction was executed in multiple trades at prices ranging from $259.16 to $260.10. 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.
- F15. This transaction was executed in multiple trades at prices ranging from $260.17 to $261.13. 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.
- F16. This transaction was executed in multiple trades at prices ranging from $261.21 to $262.13. 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.
- F17. This transaction was executed in multiple trades at prices ranging from $262.36 to $263.35 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.
- F18. This transaction was executed in multiple trades at prices ranging from $263.38 to $264.20. 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.
- F19. This transaction was executed in multiple trades at prices ranging from $ 264.45to $265.44. 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.
- F20. This transaction was executed in multiple trades at prices ranging from $265.47 to $266.16. 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.
Key Figures
Shares sold: 27,500 shares
Sale price range: $243.10–$266.68 per share
Indirect holdings after trades: 6,019,770 shares
+3 more
6 metrics
Shares sold
27,500 shares
Open-market sales by Cheng Huang Family Trust on June 11, 2026
Sale price range
<money>$243.10</money>–<money>$266.68</money> per share
Prices for reported open-market sales on June 11, 2026
Indirect holdings after trades
6,019,770 shares
Ordinary Shares held indirectly via Cheng Huang Family Trust after sales
Direct holdings after tax withholding
146,608 shares
Ordinary Shares held directly after 4,919-share tax withholding on RSUs
Gifted shares
5,000 shares
Bona fide gift transfer by Cheng Huang Family Trust on June 9, 2026
RSU tax-withholding shares
4,919 shares
Shares withheld at <money>$237.68</money> to cover RSU tax obligations
Key Terms
Rule 10b5-1 trading plan, bona fide gift, RSUs, weighted average sale price, +1 more
5 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.
bona fide gift financial
"transaction_code_description: Bona fide gift"
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
RSUs financial
"shares withheld by the Issuer to satisfy tax withholding obligations 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.
weighted average sale price financial
"The price reported above reflects the weighted average sale price"
tax withholding obligations financial
"shares withheld by the Issuer to satisfy tax withholding obligations in connection with the vesting and settlement of RSUs"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Credo (CRDO) report for Cheng Chi Fung?
Cheng Chi Fung reported multiple transactions, mainly open-market sales of 27,500 Ordinary Shares by the Cheng Huang Family Trust. The filing also records a 5,000-share gift from the trust and 4,919 shares withheld by Credo to cover tax on vested RSUs.
Were the Credo (CRDO) insider sales made under a Rule 10b5-1 plan?
Yes. The Form 4 states that the reported sales were effected under a Rule 10b5-1 trading plan adopted by the Cheng Huang Family Trust on September 5, 2025. Such pre-arranged plans automate trading and reduce the significance of timing decisions.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Accepted by SEC EDGAR
Learn about SEC filing dates