Credo Technology Group (CRDO) CTO family trust sells 27,500 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Credo Technology Group Holding Ltd director and CTO Cheng Chi Fung reported open-market sales of Credo ordinary shares on behalf of the Cheng Huang Family Trust. On May 1, 2026, the trust sold a total of 27,500 shares in a series of trades under a Rule 10b5-1 trading plan adopted on September 5, 2025, at weighted average prices that ranged across the reported transactions. Following these sales, the trust holds 6,051,270 ordinary shares indirectly, and Cheng Chi Fung also holds 108,786 ordinary shares directly.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 27,500 shares ($4,922,112)
Net Sell
13 txns
Insider
Cheng Chi Fung
Role
Chief Technology Officer
Sold
27,500 shs ($4.92M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Ordinary Shares | 1,100 | $172.6222 | $190K |
| Sale | Ordinary Shares | 2,900 | $173.516 | $503K |
| Sale | Ordinary Shares | 3,700 | $174.6192 | $646K |
| Sale | Ordinary Shares | 2,800 | $175.6142 | $492K |
| Sale | Ordinary Shares | 800 | $176.5972 | $141K |
| Sale | Ordinary Shares | 100 | $177.63 | $18K |
| Sale | Ordinary Shares | 3,743 | $180.1778 | $674K |
| Sale | Ordinary Shares | 2,720 | $180.9845 | $492K |
| Sale | Ordinary Shares | 2,937 | $182.1226 | $535K |
| Sale | Ordinary Shares | 3,100 | $183.2329 | $568K |
| Sale | Ordinary Shares | 3,437 | $184.0155 | $632K |
| Sale | Ordinary Shares | 163 | $184.7775 | $30K |
| holding | Ordinary Shares | -- | -- | -- |
Holdings After Transaction:
Ordinary Shares — 6,051,270 shares (Indirect, Cheng Huang Family Trust);
Ordinary Shares — 108,786 shares (Direct, null)
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 5, 2025. This transaction was executed in multiple trades at prices ranging from $172.05 to $173.03. 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 $173.06 to $174.05. 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. This transaction was executed in multiple trades at prices ranging from $174.14 to $175.12. 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 $175.16 to $176.15. 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. This transaction was executed in multiple trades at prices ranging from $176.29 to $177.03. 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 $179.63 to $180.62. 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 $180.64 to $181.58. 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 $181.64 to $182.55. 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 $182.66 to $183.65. 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 $183.66 to $184.62. 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 $184.71 to $184.82. 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.
Key Figures
Shares sold: 27,500 shares
Direct holdings after transaction: 108,786 shares
Indirect trust holdings after transaction: 6,051,270 shares
+3 more
6 metrics
Shares sold
27,500 shares
Total Credo ordinary shares sold on May 1, 2026 by trust
Direct holdings after transaction
108,786 shares
Ordinary shares held directly by Cheng Chi Fung after transactions
Indirect trust holdings after transaction
6,051,270 shares
Ordinary shares held by Cheng Huang Family Trust after sales
Sample sale price
$184.7775 per share
Weighted average price for one reported open-market sale block
Lower sale price example
$172.6222 per share
Weighted average price for another reported sale transaction
Number of sale transactions
12 sales
Non-derivative open-market sale entries on May 1, 2026
Key Terms
Rule 10b5-1 trading plan, weighted average sale price, beneficial ownership, pecuniary interest
4 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 financial
"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
"disclaims beneficial ownership except to the extent of his and his spouse's pecuniary interest therein"
FAQ
What insider activity did Credo Technology Group (CRDO) disclose for Cheng Chi Fung?
Credo reported that CTO and director Cheng Chi Fung had 27,500 ordinary shares sold on May 1, 2026 by the Cheng Huang Family Trust. These were open-market transactions disclosed on a Form 4 insider trading report.
How many individual sale transactions did the Credo (CRDO) Form 4 report for the trust?
The transaction summary shows 12 sale transactions for ordinary shares and a net change of 27,500 shares sold. Each entry reflects a separate open-market sale with its own weighted average price and share count on May 1, 2026.