Cheng Chi Fung 4
4 · Credo Technology Group Holding Ltd · Filed Jul 9, 2026
Research Summary
AI-generated summary of this filing
Credo (CRDO) CTO Cheng Chi Fung Sells 31,290 Shares
What Happened
Cheng Chi Fung, Credo Technology Group Holding Ltd (CRDO) Chief Technology Officer and director, sold a total of 31,290 shares in open-market/private sales on July 7–8, 2026 for aggregate proceeds of approximately $7.66 million. The trades were executed in multiple lots (examples: 3,085 shares at $237.60 for $733,000; 3,275 shares at $241.62 for $791,310; 3,790 shares at $258.71 for $980,511). Prices on the reported trades ranged roughly from $236.58 up to $258.71.
Key Details
- Transaction type: Sale (S) — total 31,290 shares sold for ≈ $7,664,770.
- Transaction dates: primarily 2026-07-07, with additional sales on 2026-07-08; filing date 2026-07-09 (Form 4 filed within the normal 2-business-day window).
- Price range: reported weighted-average prices per lot between $236.58 and $258.71; several lots were executed in multiple trades with price ranges noted in footnotes (see F2–F18).
- Ownership/Trust: Shares sold were held by the Cheng Huang Family Trust (Cheng and spouse are trustees; reporting person disclaims beneficial ownership except for pecuniary interest) (footnote F3).
- 10b5-1 plan: Sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Cheng Huang Family Trust on Sept 5, 2025 (footnote F1).
- Trade detail availability: Many lots were executed in multiple trades and the filing reports weighted-average prices; the reporting person offers to provide full trade-level details upon request (per footnotes).
- Shares owned after transaction: Not specified in the summary provided here—see the full Form 4 for the reporting person’s post-transaction holdings.
Context
- These are outright sales (routine liquidity) executed under a pre-established 10b5-1 plan, which typically indicates the trades were scheduled in advance rather than timed to inside information.
- For retail investors, sales are less informative than purchases about insider sentiment; note the trust/10b5-1 structure and the trustee/beneficial-ownership disclaimer when assessing significance.
Insider Transaction Report
Form 4
Cheng Chi Fung
DirectorChief Technology Officer
Transactions
- Sale
Ordinary Shares
[F1][F2][F3]2026-07-07$236.58/sh−1,000$236,583→ 5,908,870 total(indirect: By Trust) - Sale
Ordinary Shares
[F1][F4][F3]2026-07-07$237.60/sh−3,085$733,000→ 5,905,785 total(indirect: By Trust) - Sale
Ordinary Shares
[F1][F5][F3]2026-07-07$238.70/sh−2,000$477,406→ 5,903,785 total(indirect: By Trust) - Sale
Ordinary Shares
[F1][F6][F3]2026-07-07$239.66/sh−1,640$393,047→ 5,902,145 total(indirect: By Trust) - Sale
Ordinary Shares
[F1][F7][F3]2026-07-07$240.67/sh−2,992$720,098→ 5,899,153 total(indirect: By Trust) - Sale
Ordinary Shares
[F1][F8][F3]2026-07-07$241.62/sh−3,275$791,310→ 5,895,878 total(indirect: By Trust) - Sale
Ordinary Shares
[F1][F9][F3]2026-07-07$242.67/sh−985$239,032→ 5,894,893 total(indirect: By Trust) - Sale
Ordinary Shares
[F1][F10][F3]2026-07-07$243.86/sh−1,815$442,598→ 5,893,078 total(indirect: By Trust) - Sale
Ordinary Shares
[F1][F11][F3]2026-07-07$244.78/sh−2,600$636,428→ 5,890,478 total(indirect: By Trust) - Sale
Ordinary Shares
[F1][F12][F3]2026-07-07$246.07/sh−1,308$321,862→ 5,889,170 total(indirect: By Trust) - Sale
Ordinary Shares
[F1][F13][F3]2026-07-07$247.09/sh−1,300$321,223→ 5,887,870 total(indirect: By Trust) - Sale
Ordinary Shares
[F1][F14][F3]2026-07-07$248.16/sh−2,100$521,145→ 5,885,770 total(indirect: By Trust) - Sale
Ordinary Shares
[F1][F15][F3]2026-07-07$249.43/sh−1,800$448,966→ 5,883,970 total(indirect: By Trust) - Sale
Ordinary Shares
[F1][F16][F3]2026-07-07$250.17/sh−800$200,136→ 5,883,170 total(indirect: By Trust) - Sale
Ordinary Shares
[F1][F17][F3]2026-07-07$251.19/sh−500$125,597→ 5,882,670 total(indirect: By Trust) - Sale
Ordinary Shares
[F1][F18][F3]2026-07-07$252.37/sh−200$50,473→ 5,882,470 total(indirect: By Trust) - Sale
Ordinary Shares
[F1][F3]2026-07-07$253.55/sh−100$25,355→ 5,882,370 total(indirect: By Trust) - Sale
Ordinary Shares
2026-07-08$258.71/sh−3,790$980,511→ 140,358 total
Footnotes (18)
- [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.
- [F10]This transaction was executed in multiple trades at prices ranging from $243.32 to $244.25. 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.
- [F11]This transaction was executed in multiple trades at prices ranging from $244.38 to $245.37. 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.
- [F12]This transaction was executed in multiple trades at prices ranging from $245.60 to $246.52. 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.
- [F13]This transaction was executed in multiple trades at prices ranging from $246.62 to $247.61. 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.
- [F14]This transaction was executed in multiple trades at prices ranging from $247.71 to $248.69. 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.
- [F15]This transaction was executed in multiple trades at prices ranging from $248.86 to $249.84. 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.
- [F16]This transaction was executed in multiple trades at prices ranging from $249.87 to $250.70. 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.
- [F17]This transaction was executed in multiple trades at prices ranging from $250.96 to $251.41. 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.
- [F18]This transaction was executed in multiple trades at prices ranging from $252.13 to $252.60. 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.
- [F2]This transaction was executed in multiple trades at prices ranging from $236.07 to $237.02. 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 $237.07 to $238.05. 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 $238.16 to $239.15. 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 $239.21 to $240.20. 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 $240.21 to $241.18. 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 $241.22 to $242.04. 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 $242.23 to $243.15. 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.
Signature
/s/ James Laufman, attorney-in-fact|2026-07-09