What is the current CRDO share ownership of Chi Fung Cheng after the June 2025 transactions?

After the transactions, Chi Fung Cheng owns 119,350 shares directly and 7,493,961 shares indirectly through the Cheng Huang Family Trust, for a total beneficial ownership of 7,613,311 shares.

Credo Tech Executive Maintains Large Stake Despite $4.3M Stock Sale

Filing Impact

(Moderate)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Credo Technology Group Chief Technology Officer and Director Cheng Chi Fung reported multiple sales of ordinary shares on June 16, 2025, executed through a pre-established Rule 10b5-1 trading plan from September 6, 2024.

The transactions involved the following sales from the Cheng Huang Family Trust:

1,500 shares at average price of $76.60
3,996 shares at average price of $77.94
34,644 shares at average price of $78.73
14,860 shares at average price of $79.30

Following these transactions, Fung maintains 119,350 shares held directly and 7,493,961 shares held indirectly through the Cheng Huang Family Trust. The trust transactions were executed at various price ranges, with all sales occurring between $76.05 and $79.66 per share.

Positive

None.

Negative

CTO Chi Fung Cheng sold 55,000 shares worth approximately $4.3M through a pre-planned 10b5-1 trading plan, representing about 0.7% of his indirect holdings through the family trust

Insider Trade Summary

Net Seller: 55,000 shares ($4,332,350)

Net Sell 5 txns

Insider Cheng Chi Fung

Role Chief Technology Officer

Sold 55,000 shs ($4.33M)

Type	Security	Shares	Price	Value
Sale	Ordinary Shares	1,500	$76.603	$115K
Sale	Ordinary Shares	3,996	$77.9436	$311K
Sale	Ordinary Shares	34,644	$78.7307	$2.73M
Sale	Ordinary Shares	14,860	$79.3026	$1.18M
holding	Ordinary Shares	--	--	--

Holdings After Transaction: Ordinary Shares — 7,547,461 shares (Indirect, Cheng Huang Family Trust); Ordinary Shares — 119,350 shares (Direct)

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 6, 2024. This transaction was executed in multiple trades at prices ranging from $76.05 to $76.96. 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 $77.13 to $78.12. 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 $78.13 to $79.12. 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 $79.13 to $79.66. 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.

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Form 4 Insider Transactions: What Each Field Means →

06/18/2025 - 04:25 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

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)
06/16/2025

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)
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	06/16/2025		S⁽¹⁾		1,500	D	$76.603⁽²⁾	7,547,461	I	Cheng Huang Family Trust⁽³⁾
Ordinary Shares	06/16/2025		S⁽¹⁾		3,996	D	$77.9436⁽⁴⁾	7,543,465	I	Cheng Huang Family Trust⁽³⁾
Ordinary Shares	06/16/2025		S⁽¹⁾		34,644	D	$78.7307⁽⁵⁾	7,508,821	I	Cheng Huang Family Trust⁽³⁾
Ordinary Shares	06/16/2025		S⁽¹⁾		14,860	D	$79.3026⁽⁶⁾	7,493,961	I	Cheng Huang Family Trust⁽³⁾
Ordinary Shares								119,350	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)
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. 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 $76.05 to $76.96. 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 $77.13 to $78.12. 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 $78.13 to $79.12. 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 $79.13 to $79.66. 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	06/18/2025
	** 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.

Source: View Original Filing on SEC EDGAR

FAQ

How many CRDO shares did CTO Chi Fung Cheng sell on June 16, 2025?

Chi Fung Cheng sold a total of 55,000 shares on June 16, 2025, executed in four separate transactions: 1,500 shares at avg. $76.60, 3,996 shares at avg. $77.94, 34,644 shares at avg. $78.73, and 14,860 shares at avg. $79.30.

Was CRDO CTO Chi Fung Cheng's stock sale planned in advance?

Yes, the sales were executed pursuant to a Rule 10b5-1 trading plan that was adopted by the Cheng Huang Family Trust on September 6, 2024, indicating these were pre-planned transactions.

What was the price range of CRDO shares sold by Chi Fung Cheng?

The shares were sold in multiple trades with prices ranging from $76.05 to $79.66, with weighted average sale prices of $76.603, $77.9436, $78.7307, and $79.3026 across the four transaction blocks.

What positions does Chi Fung Cheng hold at CRDO?

Chi Fung Cheng serves as both a Director and Chief Technology Officer (CTO) of Credo Technology Group Holding Ltd, as indicated in the Form 4 filing.