Family trust tied to Credo (CRDO) CTO sells 27,500 Ordinary Shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Credo Technology Group Holding Ltd disclosed that the Cheng Huang Family Trust, a trust associated with Chief Technology Officer Cheng Chi Fung, sold a total of 27,500 Ordinary Shares of the company on March 17, 2026 in a series of open-market transactions.
The trades were executed at weighted-average prices ranging from about $102.92 to $125.51 per share, and were carried out under a pre-arranged Rule 10b5-1 trading plan adopted by the trust on September 5, 2025. Following these sales, the trust held 6,244,870 Ordinary Shares, while the reporting person also directly held 111,220 Ordinary Shares.
Positive
- None.
Negative
- None.
Insights
Planned trust sales totaling 27,500 shares appear routine in scale.
The filing shows the Cheng Huang Family Trust, linked to Credo’s CTO Cheng Chi Fung, sold 27,500 Ordinary Shares of Credo Technology Group Holding Ltd on March 17, 2026. All transactions were coded as open-market sales of non-derivative shares.
A key detail is that these sales were executed under a pre-established Rule 10b5-1 trading plan adopted on September 5, 2025, indicating they were pre-scheduled rather than opportunistic. The filing notes the trust structure, with the reporting person and spouse as trustees and beneficiaries, and a disclaimer of beneficial ownership beyond pecuniary interests.
After the transactions, the trust still held 6,244,870 Ordinary Shares and the reporting person directly held 111,220 shares. This suggests the disposals represent only a small portion of the visible position. The filing does not reference derivatives, and derivativeSummary is empty, so no option exercises are involved here.
Insider Trade Summary 10b5-1
Net Seller: 27,500 shares ($2,967,311)
Net Sell
20 txns
Insider
Cheng Chi Fung
Role
Chief Technology Officer
Sold
27,500 shs ($2.97M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Ordinary Shares | 3,700 | $102.9189 | $381K |
| Sale | Ordinary Shares | 7,000 | $103.7773 | $726K |
| Sale | Ordinary Shares | 1,100 | $104.6791 | $115K |
| Sale | Ordinary Shares | 1,202 | $105.9767 | $127K |
| Sale | Ordinary Shares | 1,598 | $106.6729 | $170K |
| Sale | Ordinary Shares | 2,500 | $108.1211 | $270K |
| Sale | Ordinary Shares | 1,800 | $109.0084 | $196K |
| Sale | Ordinary Shares | 900 | $110.1076 | $99K |
| Sale | Ordinary Shares | 2,500 | $111.3453 | $278K |
| Sale | Ordinary Shares | 1,800 | $112.2868 | $202K |
| Sale | Ordinary Shares | 300 | $113.3233 | $34K |
| Sale | Ordinary Shares | 900 | $114.2533 | $103K |
| Sale | Ordinary Shares | 400 | $115.2675 | $46K |
| Sale | Ordinary Shares | 200 | $116.79 | $23K |
| Sale | Ordinary Shares | 300 | $119.2333 | $36K |
| Sale | Ordinary Shares | 900 | $121.6344 | $109K |
| Sale | Ordinary Shares | 200 | $122.68 | $25K |
| Sale | Ordinary Shares | 100 | $123.64 | $12K |
| Sale | Ordinary Shares | 100 | $125.51 | $13K |
| holding | Ordinary Shares | -- | -- | -- |
Holdings After Transaction:
Ordinary Shares — 6,268,670 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 $102.27 to $103.26. 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 $103.27 to $104.22. 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. This transaction was executed in multiple trades at prices ranging from $104.31 to $105.06. 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 $105.33 to $106.31. 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 $106.33 to $107.30. 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 $107.61 to $108.60. 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 $108.64 to $109.58. 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 $109.67 to $110.59. 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 $110.85 to $111.82. 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. This transaction was executed in multiple trades at prices ranging from $111.87 to $112.83. 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 $112.89 to $113.75. 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. This transaction was executed in multiple trades at prices ranging from $113.92 to $114.70. 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 $115.14 to $115.45. 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 $116.75 to $116.83. 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 $119.19 to $119.30. 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 $121.18 to $122.17. 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 $122.52 to $122.84. 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.
FAQ
What insider activity did Credo Technology Group (CRDO) report for March 17, 2026?
Credo Technology Group reported that the Cheng Huang Family Trust, associated with its CTO, sold 27,500 Ordinary Shares on March 17, 2026 in multiple open-market transactions at various weighted-average prices, as disclosed in a Form 4 insider trading report.
Was the recent Credo Technology Group (CRDO) insider selling part of a Rule 10b5-1 plan?
Yes. The filing states the reported sales were effected under a Rule 10b5-1 trading plan adopted by the Cheng Huang Family Trust on September 5, 2025, indicating the transactions were pre-arranged rather than newly decided at the time of trading.
Does the Credo Technology Group (CRDO) Form 4 involve any options or derivative securities?
No. All reported transactions involve non-derivative Ordinary Shares only. The filing’s derivativeSummary section is empty, and there are no option exercises, conversions, or other derivative-related entries disclosed for this reporting date.