CTO-linked trust sheds 27,500 Credo (CRDO) shares in 10b5-1 sales
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Credo Technology Group Holding Ltd director and Chief Technology Officer Cheng Chi Fung reported that the Cheng Huang Family Trust, an entity associated with him, sold 27,500 Ordinary Shares of CRDO on March 24, 2026 in multiple open‑market transactions at prices from $98.8913 to $103.37 per share. The sales were carried out under a pre‑arranged Rule 10b5‑1 trading plan adopted by the trust on September 5, 2025. After these sales, the trust held 6,217,370 Ordinary Shares indirectly, and Cheng Chi Fung also held 111,220 Ordinary Shares directly.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 27,500 shares ($2,768,339)
Net Sell
7 txns
Insider
Cheng Chi Fung
Role
Chief Technology Officer
Sold
27,500 shs ($2.77M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Ordinary Shares | 2,400 | $98.8913 | $237K |
| Sale | Ordinary Shares | 8,600 | $99.9044 | $859K |
| Sale | Ordinary Shares | 8,600 | $100.7333 | $866K |
| Sale | Ordinary Shares | 5,900 | $101.7335 | $600K |
| Sale | Ordinary Shares | 1,900 | $102.6056 | $195K |
| Sale | Ordinary Shares | 100 | $103.37 | $10K |
| holding | Ordinary Shares | -- | -- | -- |
Holdings After Transaction:
Ordinary Shares — 6,242,470 shares (Indirect, Cheng Huang Family Trust);
Ordinary Shares — 111,220 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 5, 2025. This transaction was executed in multiple trades at prices ranging from $98.27 to $99.25. 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 $99.31 to $100.29. 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 $100.31 to $101.29. 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 $101.31 to $102.29. 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 $102.31 to $103.08. 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.
FAQ
What insider transaction did Credo Technology Group (CRDO) report for Cheng Chi Fung?
Credo Technology Group reported that a family trust associated with Chief Technology Officer Cheng Chi Fung sold 27,500 Ordinary Shares on March 24, 2026, through open-market transactions at prices around $99–$103 per share, as disclosed in a Form 4 filing.
What are Cheng Chi Fung’s remaining CRDO holdings after the reported Form 4 transactions?
After the reported sales, the Cheng Huang Family Trust held 6,217,370 Ordinary Shares indirectly for the benefit of Cheng Chi Fung and family, while he also held 111,220 Ordinary Shares directly, according to the position figures disclosed in the Form 4.
How does the Form 4 describe Cheng Chi Fung’s beneficial ownership of the Cheng Huang Family Trust’s CRDO shares?
The Form 4 explains that Cheng Chi Fung and his spouse are trustees of the Cheng Huang Family Trust and that they, along with their children, are beneficiaries. It states he disclaims beneficial ownership except to the extent of his and his spouse’s pecuniary interest.
What transaction code and type are shown for the CRDO insider trades on March 24, 2026?
Each transaction involving the Cheng Huang Family Trust uses code “S” for sale of non-derivative securities, described as open-market or private sales of Ordinary Shares, with a separate entry showing Cheng Chi Fung’s direct holdings as of the reporting date.