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

Credo Tech Executive Maintains 7.5M Share Stake After Recent Sale

Filing Impact
(Very High)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Credo Technology Group (NASDAQ:CRDO) Chief Technology Officer Cheng Chi Fung reported insider sales of 55,000 ordinary shares from the Cheng Huang Family Trust on June 23, 2025. The transactions were executed at weighted average prices ranging from $82.83 to $85.45 per share, conducted through a pre-established Rule 10b5-1 trading plan. Following the transactions, the trust retains 7,438,961 shares, while Fung directly holds 119,350 shares.

Positive

  • Sale executed through pre-planned 10b5-1 trading program established in September 2024
  • Insider retains significant holdings of over 7.5 million shares post-transaction
  • Transaction prices show steady upward range from $82.22 to $85.72

Negative

  • CTO sold 55,000 shares worth approximately $4.6 million

Insights

Large insider sale executed through planned trading program suggests orderly portfolio management rather than negative sentiment.

The transaction characteristics indicate this is a structured liquidation rather than reactive selling. The use of a Rule 10b5-1 plan, established in September 2024, demonstrates pre-planned portfolio management. The sale represents less than 1% of the trust's holdings, maintaining substantial skin in the game. The execution across multiple price points and relatively small block sizes suggests an algorithm designed to minimize market impact. The retention of over 7.4 million shares through the trust, plus direct holdings, maintains strong insider alignment.

Insider Cheng Chi Fung
Role Chief Technology Officer
Sold 55,000 shs ($4.64M)
Type Security Shares Price Value
Sale Ordinary Shares 4,500 $82.8256 $373K
Sale Ordinary Shares 12,305 $83.9539 $1.03M
Sale Ordinary Shares 35,993 $84.6347 $3.05M
Sale Ordinary Shares 2,202 $85.4461 $188K
holding Ordinary Shares -- -- --
Holdings After Transaction: Ordinary Shares — 7,438,961 shares (Indirect, Cheng Huang Family Trust); Ordinary Shares — 119,350 shares (Direct)
Footnotes (6)
  1. 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 6, 2024.
  2. F2. This transaction was executed in multiple trades at prices ranging from $82.22 to $83.20. 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. 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.
  4. F4. This transaction was executed in multiple trades at prices ranging from $83.23 to $84.22. 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. F5. This transaction was executed in multiple trades at prices ranging from $84.23 to $85.22. 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. F6. This transaction was executed in multiple trades at prices ranging from $85.24 to $85.72. 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 →

FAQ

How many shares did Credo's CTO sell and at what prices?
CTO Cheng Chi Fung sold 55,000 shares in multiple trades at prices ranging from $82.22 to $85.72 per share on June 23, 2025.

How many shares does the Credo CTO still own after this transaction?
Following the sales, Cheng Chi Fung maintains 119,350 shares directly and beneficial ownership of 7,438,961 shares through the Cheng Huang Family Trust.

Was this a pre-planned sale by Credo's CTO?
Yes, the sales were executed pursuant to a Rule 10b5-1 trading plan that was established by the Cheng Huang Family Trust on September 6, 2024.

What percentage of holdings did the Credo CTO sell?
The sale of 55,000 shares represented less than 1% of the CTO's total beneficial ownership through the family trust and direct holdings.
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).
X
 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 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)
06/23/2025
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 06/23/2025 S(1) 4,500 D $82.8256(2) 7,489,461 I Cheng Huang Family Trust(3)
Ordinary Shares 06/23/2025 S(1) 12,305 D $83.9539(4) 7,477,156 I Cheng Huang Family Trust(3)
Ordinary Shares 06/23/2025 S(1) 35,993 D $84.6347(5) 7,441,163 I Cheng Huang Family Trust(3)
Ordinary Shares 06/23/2025 S(1) 2,202 D $85.4461(6) 7,438,961 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)
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 $82.22 to $83.20. 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 $83.23 to $84.22. 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 $84.23 to $85.22. 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 $85.24 to $85.72. 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 06/25/2025
** 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