Earnings Feed
Start Free
Credo Technology Group Holding Ltd·4

Jan 26, 4:15 PM ET

Cheng Chi Fung 4

Research Summary

AI-generated summary

Updated

Credo Technology (CRDO) CTO Cheng Chi Fung Sells Shares

What Happened Cheng Chi Fung, Credo Technology Group Holding Ltd's Chief Technology Officer and director, sold a total of 30,000 ordinary shares in open-market transactions on January 22, 2026, generating aggregate proceeds of $4,089,940 (~$136.33 average per share). The sales were reported on Form 4 filed January 26, 2026. Each lot was sold at varying weighted-average prices between about $133 and $143.55 (individual lots and totals listed in the filing).

Key Details

  • Transaction type: S = Sale (open market).
  • Date of transactions (period of report): January 22, 2026; Form 4 filed January 26, 2026 (timely within the 2-business-day requirement).
  • Shares sold: 30,000 total across multiple lots (see filing); aggregate proceeds $4,089,940; approximate weighted-average price ~$136.33/share.
  • Price ranges: individual lots reported with weighted averages from $133.15 up to $143.54; several lots were executed in multiple trades across disclosed price ranges (filing footnotes indicate specific ranges for each lot).
  • Ownership note: The sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Cheng Huang Family Trust (Sept 5, 2025). The filing states these shares are held by the Cheng Huang Family Trust (the Reporting Person is a trustee and disclaims beneficial ownership except for pecuniary interest).
  • Shares owned after transaction: Not disclosed in the provided filing details.
  • Filing timeliness: Filed on Jan 26, 2026 for Jan 22 transactions — appears timely.

Context

  • These were open-market sales executed under a pre-established 10b5-1 plan, which generally indicates pre-planned, rule-compliant selling rather than opportunistic trading based on new company information.
  • Sales (S) are common for insiders for diversification or liquidity; unlike purchases, they are typically less indicative of a positive near-term signal about the company’s prospects.
  • Footnotes note the reporting person will provide detailed trade-by-trade prices and quantities on request to the SEC, issuer, or security holders.