Credo Technology Group Holding Ltd: CTO Cheng Chi Fung sold 27,500 shares

What happened

• Cheng Chi Fung, chief technology officer and director, sold 27,500 ordinary shares on Oct 20, 2026 in multiple open-market transactions for total proceeds of $4,747,114. Reported per-trade weighted-average prices ranged from $162.09 to $176.50; footnotes show underlying trade price ranges from $161.50 to $176.89. All transactions are coded S (sale).

Key details

• Transaction date: Oct 20, 2026. Filing date: Oct 22, 2026.
• Shares sold: 27,500. Total reported proceeds: $4,747,114.
• Reported prices: weighted averages listed per sale ($162.09, $163.59, $164.58, $165.89, $167.06, $168.11, $169.29, $170.35, $171.40, $172.50, $173.55, $174.28, $175.31, $176.50). Footnotes F2–F16 give trade-level price ranges and state weighted averages were reported; the reporting person will provide full trade details on request.
• Shares owned after the transaction: not reported in the Form 4 provided.
• Relevant footnotes: F1 states the sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Cheng Huang Family Trust on Sep 5, 2025. F3 states the shares represented 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.

Why it may matter

• These were sales from shares held by the Cheng Huang Family Trust under a Rule 10b5-1 plan, not described as option exercises or gifts in the filing.
• The filing does not show why the insider traded or why the company acted.