[Form 4] Credo Technology Group Holding Ltd Insider Trading Activity

Rhea-AI Filing Summary

Cheng Chi Fung, Chief Technology Officer and director of Credo Technology Group Holding Ltd (CRDO), reported multiple sales of the issuer's ordinary shares on 09/15/2025. The transactions were effected pursuant to a Rule 10b5-1 trading plan adopted by the Cheng Huang Family Trust on 09/06/2024. The Form 4 lists a series of dispositions in multiple trades with weighted-average prices for each lot (ranges provided for each lot), including listed disposals totaling 55,000 shares across several price bands and an additional line showing 114,430 shares disposed. Post-transaction beneficial ownership figures are shown declining to 6,998,961 shares (indirectly held through the Cheng Huang Family Trust). The form was signed by an attorney-in-fact on 09/17/2025.

Positive

• Transactions made under a Rule 10b5-1 plan, indicating pre-scheduled, compliant insider sales.
• Detailed disclosure of weighted-average price ranges for each execution batch, supporting transparency.
• Post-transaction indirect ownership disclosed (6,998,961 shares), confirming ongoing transparency about holdings.

Negative

• Large aggregate disposals reported (listed lines include 55,000 shares across several lots plus a separate 114,430-share disposition), representing a material decrease in indirect holdings.
• Sales executed in multiple tranches across rising price bands, which may be viewed by some investors as significant insider liquidity.

Insights

Securities Analyst

TL;DR: Insider sales under a pre-established 10b5-1 plan; routine disclosure with large aggregate volumes.

The Form 4 documents multiple dispositions by shares held in the Cheng Huang Family Trust executed on 09/15/2025 under a Rule 10b5-1 plan dated 09/06/2024. The filing provides weighted-average price ranges for each execution batch, showing systematic sales across incremental price bands. The reporting person disclaims direct beneficial ownership beyond pecuniary interest and reports indirect holdings via the family trust. For investors, the material points are the use of a pre-planned trading program and the reduction in indirect share count to 6,998,961 shares; the filing contains no other corporate or operational disclosures.

Corporate Governance Expert

TL;DR: Disclosure complies with Section 16 and documents 10b5-1 plan activity, indicating procedural adherence.

The report clearly states the transactions were made pursuant to a Rule 10b5-1 trading plan, includes price ranges and weighted-average prices for each batch, and identifies the Cheng Huang Family Trust as the indirect holder. The signature by an attorney-in-fact is provided. This presentation meets standard disclosure expectations for insider sales; the filing does not indicate any deviations from the plan or undisclosed transfers. No governance actions, loans, or derivative positions are reported.

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

1. Name and Address of Reporting Person^*

Cheng Chi Fung

(Last) (First) (Middle)

110 RIO ROBLES

(Street)

SAN JOSE CA 95134

(City) (State) (Zip)

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

3. Date of Earliest Transaction (Month/Day/Year)
09/15/2025

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

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

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

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	09/15/2025		S(1)		3,300	D	$161.078(2)	7,050,661	I	Cheng Huang Family Trust(3)
Ordinary Shares	09/15/2025		S(1)		5,162	D	$162.0234(4)	7,045,499	I	Cheng Huang Family Trust(3)
Ordinary Shares	09/15/2025		S(1)		14,866	D	$162.9208(5)	7,030,633	I	Cheng Huang Family Trust(3)
Ordinary Shares	09/15/2025		S(1)		6,489	D	$163.8087(6)	7,024,144	I	Cheng Huang Family Trust(3)
Ordinary Shares	09/15/2025		S(1)		18,109	D	$164.9699(7)	7,006,035	I	Cheng Huang Family Trust(3)
Ordinary Shares	09/15/2025		S(1)		3,552	D	$166.0299(8)	7,002,483	I	Cheng Huang Family Trust(3)
Ordinary Shares	09/15/2025		S(1)		2,222	D	$166.9181(9)	7,000,261	I	Cheng Huang Family Trust(3)
Ordinary Shares	09/15/2025		S(1)		1,300	D	$167.5925(10)	6,998,961	I	Cheng Huang Family Trust(3)
Ordinary Shares								114,430	D

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. 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 6, 2024.

2. This transaction was executed in multiple trades at prices ranging from $160.38 to $161.36. 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 $161.41 to $162.39. 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 $162.43 to $163.42. 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 $163.47 to $164.46. 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 $164.47 to $165.43. 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 $165.49 to $166.47. 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 $166.49 to $167.43. 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 $167.50 to $167.74. 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.

Remarks:

	/s/ James Laufman, attorney-in-fact	09/17/2025
	** 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.

FAQ

What did CRDO insider Cheng Chi Fung sell on 09/15/2025?

The Form 4 reports multiple dispositions of CRDO ordinary shares on 09/15/2025 under a Rule 10b5-1 plan, including listed lots totaling 55,000 shares and an additional line of 114,430 shares disposed.

Were the sales by Cheng Chi Fung part of a pre-planned trading program?

Yes. The sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Cheng Huang Family Trust on 09/06/2024.

How many CRDO shares does the filing show Cheng Huang Family Trust holds after the transactions?

The filing shows indirect beneficial ownership of 6,998,961 shares following the reported transactions.

What prices were the shares sold at?

Each listed transaction reports a price range for the multiple trades and a weighted-average price for the lot; ranges include approximately $160.38–$161.36 up to $167.50–$167.74, with weighted averages reported per lot.

Who signed the Form 4 and when was it filed?

The Form 4 is signed by James Laufman, attorney-in-fact on 09/17/2025.