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 September 17, 2026, generating aggregate proceeds of approximately $4,575,580. The individual tranches reported were:

• 2,500 shares at $164.12 — $410,301
• 4,979 shares at $165.21 — $822,562
• 6,861 shares at $166.05 — $1,139,246
• 8,252 shares at $167.06 — $1,378,574
• 4,708 shares at $168.03 — $791,077
• 200 shares at $169.10 — $33,820

These sales were dispositions (not purchases) and were effected under a Rule 10b5-1 trading plan.

Key Details

• Transaction date: September 17, 2026; Form 4 filed September 21, 2026 (timely filing within required business days).
• Price range covered by the reported trades: approximately $163.55 to $169.14 (per footnotes; reported prices are weighted averages for each tranche).
• Shares sold: 27,500; aggregate proceeds ≈ $4,575,580.
• Shares owned after transaction: Not specified in the provided filing.
• Notable footnotes: F1 — sales effected pursuant to a 10b5-1 plan adopted Sept 5, 2025; F2–F8 — each tranche was executed in multiple trades at the stated price ranges with weighted-average prices reported; F3 — the shares represent holdings of the Cheng Huang Family Trust (the reporting person and spouse are trustees; beneficiaries include reporting person, spouse, and children), and the reporting person disclaims beneficial ownership except to the extent of pecuniary interest.

Context Sales made under a 10b5-1 plan are pre-arranged and often used to avoid allegations of trading on material nonpublic information; they are commonly considered routine rather than a direct signal of management’s view. Also, because the shares were held in a family trust (per the filing), the reporting person disclaims beneficial ownership beyond any pecuniary interest. For retail investors, purchases by insiders tend to be more informative about insider conviction; still, sizable dispositions and their timing are useful to track as part of overall insider activity.