Cheng Chi Fung 4

What Happened
Cheng Chi Fung, Chief Technology Officer and Director of Credo Technology Group (CRDO), had 2,460 ordinary shares withheld by the company to satisfy tax withholding in connection with the vesting/settlement of RSUs. The reported per-share value was $241.91, for a total value of approximately $595,099. This was a tax-withholding disposal (not an open-market sale).

Key Details

• Transaction date: 2026-07-05; Form 4 filed: 2026-07-07 (appears timely).
• Price used for withholding: $241.91 per share; shares withheld: 2,460; total value ≈ $595,099.
• Transaction code: F (shares withheld to satisfy tax withholding obligations).
• Shares owned after the transaction: not specified in the provided filing.
• Footnotes: F1 confirms shares were withheld by the issuer to satisfy tax withholding on RSU vesting. F2 notes shares held by the Cheng Huang Family Trust, of which the reporting person is a trustee and disclaims beneficial ownership except to the extent of pecuniary interest.

Context
This was a cashless tax-withholding event related to RSU vesting — routine corporate procedure to satisfy tax obligations. Because the shares were withheld rather than sold on the open market, this transaction is not a straightforward sale signal about the insider’s market view.