Credo (CRDO) CTO Cheng Chi Fung Sells 27,473 Shares

What Happened

• Cheng Chi Fung, Credo Technology Group Holding Ltd's Chief Technology Officer and director, sold a total of 27,473 ordinary shares in open-market transactions on July 31, 2026. The sales were executed in multiple trades at prices shown per lot (weighted averages) ranging roughly from $200.85 to $215.64, producing aggregate proceeds of about $5.76 million. These were sales (S), not purchases.

Key Details

• Transaction date: July 31, 2026 (Form 4 filed Aug 4, 2026 — within the required two business days).
• Shares sold: 27,473 total across multiple lots; per‑lot quantities and weighted-average prices are in the filing (examples: 4,507 @ $207.11 = $933,423; 4,093 @ $208.09 = $851,705; others listed).
• Price range reported in footnotes: approximately $200.85 to $215.64 per share (individual lots report weighted averages; many lots executed as multiple trades — see footnotes F2–F15).
• Shares owned after transaction: not specified in the provided excerpt of the filing.
• Notable footnotes:
  • F1: Sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Cheng Huang Family Trust on Sept 5, 2025.
  • F3: The shares sold were held by the Cheng Huang Family Trust (the reporting person and spouse are trustees; beneficiaries include reporting person, spouse and children); the reporting person disclaims beneficial ownership except to the extent of pecuniary interest.
  • Several transactions (F2–F15) were executed in multiple trades and reported as weighted-average prices; the filer offers to provide full per-trade details on request.

Context

• These were pre-arranged sales under a 10b5-1 plan, which typically authorize scheduled selling and are considered routine rather than direct signals of insider views. Sales reduce insider holdings but, by themselves, do not prove a change in sentiment. Purchases generally carry stronger informational value for retail investors.