Credo CTO trust sells 27,500 shares under plan
Credo Technology Group Holding Ltd insider Cheng Chi Fung, the Chief Technology Officer, reported a series of pre-planned sales of ordinary shares associated with the Cheng Huang Family Trust.
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Form Type
4
Rhea-AI Filing Summary
Credo Technology Group Holding Ltd insider Cheng Chi Fung, the Chief Technology Officer, reported a series of pre-planned sales of ordinary shares associated with the Cheng Huang Family Trust. The trust sold a total of 27,500 shares on June 23, 2026 pursuant to a Rule 10b5-1 trading plan, through multiple open-market transactions at prices specified in the filing. Following these trades, the trust held 5,937,370 ordinary shares indirectly, while Cheng Chi Fung also held 146,608 ordinary shares directly.
Insider Trade Summary 10b5-1
Net Seller: 27,500 shares
Net Sell
15 txns
Insider
Cheng Chi Fung
Role
Chief Technology Officer
Sold
27,500 shs ($7.45M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Ordinary Shares | 500 | $266.404 | $133K |
| Sale | Ordinary Shares | 2,087 | $267.3334 | $558K |
| Sale | Ordinary Shares | 2,974 | $268.332 | $798K |
| Sale | Ordinary Shares | 4,439 | $269.3554 | $1.20M |
| Sale | Ordinary Shares | 4,800 | $270.3216 | $1.30M |
| Sale | Ordinary Shares | 4,200 | $271.3894 | $1.14M |
| Sale | Ordinary Shares | 3,300 | $272.5331 | $899K |
| Sale | Ordinary Shares | 1,900 | $273.3495 | $519K |
| Sale | Ordinary Shares | 1,500 | $274.5773 | $412K |
| Sale | Ordinary Shares | 1,100 | $275.6127 | $303K |
| Sale | Ordinary Shares | 200 | $276.42 | $55K |
| Sale | Ordinary Shares | 154 | $277.6066 | $43K |
| Sale | Ordinary Shares | 246 | $280.0051 | $69K |
| Sale | Ordinary Shares | 100 | $281.05 | $28K |
| holding | Ordinary Shares | -- | -- | -- |
Holdings After Transaction:
Ordinary Shares — 5,937,370 shares (Indirect, Cheng Huang Family Trust);
Ordinary Shares — 146,608 shares (Direct)
Footnotes (15)
- 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.
- F2. This transaction was executed in multiple trades at prices ranging from $265.79 to $266.75. 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.
- 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.
- F4. This transaction was executed in multiple trades at prices ranging from $266.85 to $267.82. 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.
- F5. This transaction was executed in multiple trades at prices ranging from $267.86 to $268.85. 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 $268.87 to $269.85. 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 $269.88 to $270.86. 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 $270.88 to $271.84. 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.
- F9. This transaction was executed in multiple trades at prices ranging from $271.92 to $272.90. 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 $272.97 to $273.73. 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 $274.14 to $275.08. 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 $275.16 to $276.14. 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.
- F13. This transaction was executed in multiple trades at prices ranging from $276.17 to $276.67. 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 $277.54 to $277.73. 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 $279.81 to $280.05. 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.
Key Figures
Shares sold: 27,500 shares
Indirect holdings after trades: 5,964,370 shares
Direct holdings after trades: 146,608 shares
+5 more
8 metrics
Shares sold
27,500 shares
Total ordinary shares sold on June 23, 2026
Indirect holdings after trades
5,964,370 shares
Ordinary shares held by Cheng Huang Family Trust after sales
Direct holdings after trades
146,608 shares
Ordinary shares held directly by Cheng Chi Fung after trades
Example sale price
$274.5773 per share
Price for a 1,500-share open-market sale on June 23, 2026
Example sale price
$270.3216 per share
Price for a 4,800-share open-market sale on June 23, 2026
Number of sale transactions
14 sales
Count of non-derivative open-market sale entries reported
Trading plan adoption date
September 5, 2025
Adoption date of Rule 10b5-1 plan used for these sales
Net buy/sell direction
net-sell 27,500 shares
Net share change across reported buy/sell activity
Key Terms
Rule 10b5-1 trading plan, weighted average sale price, beneficial ownership, pecuniary interest, +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.
weighted average sale price financial
"The price reported above reflects the weighted average sale price..."
beneficial ownership regulatory
"The Reporting Person disclaims beneficial ownership except to the extent of his and his spouse's pecuniary interest therein."
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
"The Reporting Person disclaims beneficial ownership except to the extent of his and his spouse's pecuniary interest therein."
multiple trades financial
"This transaction was executed in multiple trades at prices ranging from..."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider activity did Credo Technology Group Holding Ltd (CRDO) report?
Credo reported Form 4 insider activity where the Cheng Huang Family Trust sold 27,500 ordinary shares linked to CTO Cheng Chi Fung. These were open-market sales executed in multiple trades and disclosed with detailed price information and post-transaction holdings.
What Credo (CRDO) holdings remain after these insider sales?
After the reported sales, the Cheng Huang Family Trust held 5,964,370 Credo ordinary shares indirectly. Separately, CTO Cheng Chi Fung held 146,608 ordinary shares directly, giving insight into both his personal and trust-related positions following the June 23, 2026 transactions.
Were the Credo (CRDO) insider sales made under a Rule 10b5-1 plan?
Yes. A footnote explains that the sales were effected under a Rule 10b5-1 trading plan adopted by the Cheng Huang Family Trust on September 5, 2025. Such plans pre-schedule trades, making the timing more routine and less discretionary for the insider.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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