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Credo Technology Group Holding Ltd·4

Mar 26, 4:04 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 27,500 ordinary shares in open-market transactions on March 24, 2026, generating aggregate proceeds of approximately $2,768,339. The individual reported trades were:

  • 2,400 shares @ $98.89 = $237,339 (weighted avg; trades at $98.27–$99.25)
  • 8,600 shares @ $99.90 = $859,178 (weighted avg; trades at $99.31–$100.29)
  • 8,600 shares @ $100.73 = $866,306 (weighted avg; trades at $100.31–$101.29)
  • 5,900 shares @ $101.73 = $600,228 (weighted avg; trades at $101.31–$102.29)
  • 1,900 shares @ $102.61 = $194,951 (weighted avg; trades at $102.31–$103.08)
  • 100 shares @ $103.37 = $10,337

These were sales (not purchases) and appear to be routine dispositions rather than an indication of company performance.

Key Details

  • Transaction date: March 24, 2026; Form 4 filed March 26, 2026 (within the normal two‑business‑day reporting window).
  • Total sold: 27,500 shares for ~$2.77M.
  • Sales effected pursuant to a Rule 10b5‑1 trading plan adopted by the Cheng Huang Family Trust on September 5, 2025 (footnote).
  • The shares sold are held by the Cheng Huang Family Trust; the reporting person and spouse are trustees and beneficiaries; Cheng disclaims beneficial ownership except for pecuniary interest (per footnote).
  • Several transactions were executed in multiple trades; the filing reports weighted‑average prices and provides ranges of execution prices for those blocks.

Context

  • Sales under a 10b5‑1 plan are pre‑arranged trading programs that allow insiders to sell shares at scheduled times; they are commonly used for routine liquidity and do not necessarily reflect new, contemporaneous views on the stock.
  • No purchase, option exercise, gift, or award was reported in this filing.
  • The filing does not disclose post‑transaction total holdings in the excerpt provided; for exact holdings or to request trade-by-trade details, the filer has committed to provide full information upon request as noted in the footnotes.