Cheng Chi Fung 4

What Happened

• Cheng Chi Fung, Chief Technology Officer and director of Credo Technology Group (CRDO), sold a total of 27,500 shares on 2026-01-29 in a series of open-market disposals, generating total proceeds of $3,502,659 (aggregate of reported trades). Reported per-trade weighted average prices range from $123.96 to $134.34; detailed trade price ranges reported span approximately $123.45 to $134.37. These were sales (routine dispositions) executed under a pre-established trading plan.

Key Details

• Transaction date: January 29, 2026; Form 4 filed February 2, 2026 (within two business days — timely).
• Per-line weighted average prices: $123.96, $124.85, $126.23, $127.12, $128.00, $129.16, $131.07, $132.32, $133.24, $134.34; detailed footnotes report multiple-trade price ranges for several line items.
• Total shares sold: 27,500; total proceeds: $3,502,659 (reported).
• Shares owned after the transaction: not specified in the provided excerpt.
• Footnotes of note:
  • F1/F3: Sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Cheng Huang Family Trust (Sept 5, 2025). The shares sold are held by the Cheng Huang Family Trust; Cheng Chi Fung and his spouse are trustees and he disclaims beneficial ownership except to the extent of pecuniary interest.
  • Several footnotes (F2–F12) state trades were executed in multiple fills and the reported price is a weighted average; the reporting person will provide details upon request.

Context

• These sales were carried out under a 10b5-1 plan by the family trust, which generally indicates pre-arranged, rule-compliant dispositions rather than ad-hoc insider timing. For retail investors, purchases by insiders often carry stronger signals than scheduled sales; this filing documents a sizable but planned sale by the trust affiliated with the CTO.