Credo Technology Group (NASDAQ: CRDO) COO sells 50,000 shares under 10b5-1 plan
Rhea-AI Filing Summary
Credo Technology Group Holding Ltd director and COO Lam Yat Tung, through affiliated entity Zhan BVI Co Ltd, reported open-market sales of 50,000 Ordinary Shares on July 15, 2026, effected under a Rule 10b5-1 trading plan adopted by the Cheng Huang Family Trust. After these transactions, he reports 2,584,610 shares held directly, plus indirect interests in 125,000 shares via EZ Trust and 397,724 shares via Zhan BVI Co Ltd, while disclaiming beneficial ownership of indirectly held shares beyond his pecuniary and his spouse’s pecuniary interests.
Positive
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Negative
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Insights
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Insider Trade Summary 10b5-1
Net Seller: 50,000 shares ($11,272,535)
Net Sell
20 txns
Insider
Lam Yat Tung
Role
Chief Operating Officer
Sold
50,000 shs ($11.27M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Ordinary Shares | 2,276 | $218.3645 | $497K |
| Sale | Ordinary Shares | 1,224 | $219.2742 | $268K |
| Sale | Ordinary Shares | 2,662 | $220.5379 | $587K |
| Sale | Ordinary Shares | 4,038 | $221.4966 | $894K |
| Sale | Ordinary Shares | 5,600 | $222.5581 | $1.25M |
| Sale | Ordinary Shares | 3,075 | $223.567 | $687K |
| Sale | Ordinary Shares | 1,923 | $224.5974 | $432K |
| Sale | Ordinary Shares | 5,566 | $225.6752 | $1.26M |
| Sale | Ordinary Shares | 9,299 | $226.7112 | $2.11M |
| Sale | Ordinary Shares | 5,537 | $227.5314 | $1.26M |
| Sale | Ordinary Shares | 1,500 | $228.3324 | $342K |
| Sale | Ordinary Shares | 800 | $229.4788 | $184K |
| Sale | Ordinary Shares | 1,797 | $230.678 | $415K |
| Sale | Ordinary Shares | 2,003 | $231.8452 | $464K |
| Sale | Ordinary Shares | 1,600 | $232.745 | $372K |
| Sale | Ordinary Shares | 300 | $233.8667 | $70K |
| Sale | Ordinary Shares | 700 | $235.2743 | $165K |
| Sale | Ordinary Shares | 100 | $235.99 | $24K |
| holding | Ordinary Shares | -- | -- | -- |
| holding | Ordinary Shares | -- | -- | -- |
Holdings After Transaction:
Ordinary Shares — 397,724 shares (Indirect, By Zhan BVI Co Ltd);
Ordinary Shares — 2,584,610 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 April 15, 2026. This transaction was executed in multiple trades at prices ranging from $217.80 to $218.77. 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. The Reporting Person disclaims beneficial ownership of these indirectly held shares except to the extent of any pecuniary interest therein. This transaction was executed in multiple trades at prices ranging from $218.88 to $219.78. 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. This transaction was executed in multiple trades at prices ranging from $219.94 to $220.93. 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 $220.97 to $221.92. 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 $222.02 to $223.01. 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 $223.05 to $224.04. 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 $224.09 to $225.06. 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 $225.11 to $226.10. 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. This transaction was executed in multiple trades at prices ranging from $226.12 to $227.11. 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 $227.13 to $228.05. 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 $228.13 to $228.60. 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 $229.17 to $230.07. 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 $230.23 to $231.15. 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 $231.29 to $232.28. 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 $232.48 to $233.05. 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 $233.49 to $234.18. 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. This transaction was executed in multiple trades at prices ranging from $234.57 to $235.49. 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. The Reporting Person disclaims beneficial ownership except to the extent of his spouse's pecuniary interest therein.
Key Figures
Ordinary Shares sold: 50,000 shares
Direct holdings after transaction: 2,584,610 shares
Indirect holdings via EZ Trust: 125,000 shares
+5 more
8 metrics
Ordinary Shares sold
50,000 shares
Aggregate open-market sales on July 15, 2026 by Zhan BVI Co Ltd
Direct holdings after transaction
2,584,610 shares
Ordinary Shares held directly by Lam Yat Tung following reported sales
Indirect holdings via EZ Trust
125,000 shares
Ordinary Shares indirectly held through EZ Trust after the transactions
Indirect holdings via Zhan BVI Co Ltd
397,724 shares
Ordinary Shares indirectly held through Zhan BVI Co Ltd after selling 50,000 shares
Highest reported weighted-average sale price
$235.9900 per share
One weighted-average price for July 15, 2026 open-market sales
Example trade price range
$217.80–$218.77 per share
Price range for one group of trades as disclosed in footnote F2
Rule 10b5-1 plan adoption date
April 15, 2026
Adoption date of the Cheng Huang Family Trust trading plan governing these sales
Number of sale entries
18 transactions
Separate non-derivative sale lines reported for July 15, 2026
Key Terms
Rule 10b5-1 trading plan, weighted average sale price, pecuniary interest, indirectly held shares
4 terms
Rule 10b5-1 trading plan financial
"The sales were effected pursuant to a Rule 10b5-1 trading plan."
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."
pecuniary interest financial
"Disclaims beneficial ownership except to the extent of any pecuniary interest."
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Credo (CRDO) report for Lam Yat Tung?
Credo reported that COO and director Lam Yat Tung, via Zhan BVI Co Ltd, sold 50,000 Ordinary Shares on July 15, 2026 in multiple open-market trades, executed under a Rule 10b5-1 trading plan adopted by the Cheng Huang Family Trust.
Was the Credo (CRDO) Form 4 sale pre-planned under a Rule 10b5-1 plan?
Yes. A footnote states the sales were effected under a Rule 10b5-1 trading plan adopted by the Cheng Huang Family Trust on April 15, 2026, indicating the transactions followed a pre-arranged schedule rather than discretionary market timing.
How are the indirect Credo (CRDO) holdings of Lam Yat Tung structured?
Indirect Credo holdings are reported as 125,000 Ordinary Shares held by EZ Trust and 397,724 shares held by Zhan BVI Co Ltd. Lam Yat Tung disclaims beneficial ownership of these indirectly held shares except to the extent of his and his spouse’s pecuniary interests.
Does this Credo (CRDO) Form 4 include any options or derivative securities?
No. The filing lists only non-derivative transactions in Credo Ordinary Shares. The derivative securities section is empty, and the 50,000 shares reported represent open-market sales rather than option exercises or other derivative conversions.