Cheng Chi Fung 4

What Happened

• Cheng Chi Fung, Credo Technology Group (CRDO) Chief Technology Officer and director, sold a total of 27,500 ordinary shares in open-market/private sales on June 30, 2026. The sales were executed in many trades at prices ranging roughly from $244.80 to $275.32; the aggregate proceeds were approximately $7,420,535. All transactions are reported as sales (code S) and were effected pursuant to a pre-established plan.

Key Details

• Transaction date: June 30, 2026; Filing date: July 2, 2026 (appears filed within the normal 2-business-day window).
• Shares sold: 27,500 total; Price range across trades: ~$244.80 to ~$275.32; Total proceeds: ~$7,420,535.
• Shares owned after transaction: Not specified in the data provided (see original Form 4 for post-transaction holdings).
• Notable footnotes: Sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Cheng Huang Family Trust (Sept 5, 2025). Multiple reported line items reflect weighted-average prices for blocks executed in multiple trades; the reporting person disclaims beneficial ownership of trust-held shares except for pecuniary interest.
• Transaction type: Routine/planned sale under a 10b5-1 plan (not an option exercise, gift, or award).

Context

• Sales executed under a Rule 10b5-1 plan are pre-arranged trading programs that allow insiders to sell while limiting allegations of trading on nonpublic information; they are commonly interpreted as preplanned rather than ad-hoc signals of sentiment.
• The filing indicates the shares sold were held by the Cheng Huang Family Trust (the reporting person is a trustee and beneficiary), so some shares reported were trust-owned and sold under the plan.