Cheng Chi Fung 4
4 · Credo Technology Group Holding Ltd · Filed Mar 13, 2026
Research Summary
AI-generated summary of this filing
Credo (CRDO) CTO Cheng Chi Fung Sells 27,500 Shares
What Happened Cheng Chi Fung, Credo Technology Group's Chief Technology Officer and director, sold a total of 27,500 ordinary shares in open‑market transactions on March 11, 2026, generating approximately $3,233,981 in proceeds. The sales were reported in multiple tranches: 200 @ $114.02 ($22,804); 4,200 @ $115.23 ($483,985); 3,821 @ $115.88 ($442,774); 4,079 @ $117.16 ($477,892); 5,700 @ $117.97 ($672,434); 6,144 @ $119.13 ($731,916); 3,256 @ $119.81 ($390,115); and 100 @ $120.61 ($12,061). These were sales (not purchases); sales are often routine and do not necessarily signal a change in company outlook.
Key Details
- Transaction date: March 11, 2026; Form 4 filed March 13, 2026 (timely filing).
- Total sold: 27,500 shares for about $3,233,981 in aggregate.
- Execution: Open‑market sales executed in multiple trades; several lots reported as weighted averages with price ranges (see footnotes F2–F9 for per‑lot ranges).
- Plan/trust: Sales were effected pursuant to a Rule 10b5‑1 trading plan adopted by the Cheng Huang Family Trust on Sept 5, 2025 (F1). The shares sold were held by the Cheng Huang Family Trust; Cheng Chi Fung and his spouse are trustees and beneficiaries (F3); the reporting person disclaims beneficial ownership except to the extent of pecuniary interest.
- Shares owned after transaction: Not disclosed in the provided excerpt of the filing.
- Additional note: The filing states weighted‑average prices and that full breakdowns of individual trade prices/quantities are available upon request to the SEC staff, issuer, or security holders.
Context 10b5‑1 plans permit insiders or their trusts to trade according to a pre‑arranged schedule and are commonly used to avoid questions about timing; transactions under such plans are often routine (e.g., diversification, tax planning) rather than a direct signal about company prospects. For retail investors, insider purchases tend to be more informative about confidence in the business than routine trust sales; these reported sales should be considered factual disclosures, not a definitive indicator of management’s view.
Insider Transaction Report
- Sale
Ordinary Shares
[F1][F2][F3]2026-03-11$114.02/sh−200$22,804→ 6,299,670 total(indirect: By Trust) - Sale
Ordinary Shares
[F1][F4][F3]2026-03-11$115.23/sh−4,200$483,985→ 6,295,470 total(indirect: By Trust) - Sale
Ordinary Shares
[F1][F5][F3]2026-03-11$115.88/sh−3,821$442,774→ 6,291,649 total(indirect: By Trust) - Sale
Ordinary Shares
[F1][F6][F3]2026-03-11$117.16/sh−4,079$477,892→ 6,287,570 total(indirect: By Trust) - Sale
Ordinary Shares
[F1][F7][F3]2026-03-11$117.97/sh−5,700$672,434→ 6,281,870 total(indirect: By Trust) - Sale
Ordinary Shares
[F1][F8][F3]2026-03-11$119.13/sh−6,144$731,916→ 6,275,726 total(indirect: By Trust) - Sale
Ordinary Shares
[F1][F9][F3]2026-03-11$119.81/sh−3,256$390,115→ 6,272,470 total(indirect: By Trust) - Sale
Ordinary Shares
[F1][F3]2026-03-11$120.61/sh−100$12,061→ 6,272,370 total(indirect: By Trust)
- 111,220
Ordinary Shares
Footnotes (9)
- [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 5, 2025.
- [F2]This transaction was executed in multiple trades at prices ranging from $113.53 to $114.51. 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.
- [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.
- [F4]This transaction was executed in multiple trades at prices ranging from $114.56 to $115.55. 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.
- [F5]This transaction was executed in multiple trades at prices ranging from $115.57 to $116.56. 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.
- [F6]This transaction was executed in multiple trades at prices ranging from $116.57 to $117.56. 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.
- [F7]This transaction was executed in multiple trades at prices ranging from $117.57 to $118.55. 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.
- [F8]This transaction was executed in multiple trades at prices ranging from $118.58 to $119.57. 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.
- [F9]This transaction was executed in multiple trades at prices ranging from $119.58 to $120.51. 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.