Credo CTO Cheng Chi Fung Executes $4.58M Rule 10b5-1 Planned Sale

Transaction Summary

On September 17, 2026, Cheng Chi Fung, Chief Technology Officer and Director of Credo Technology Group Holding Ltd (CRDO), executed open-market sales totaling 27,500 ordinary shares held indirectly through the Cheng Huang Family Trust. The trades generated aggregate gross proceeds of approximately $4,575,581 at a volume-weighted average price of roughly $166.38 per share (executed in tranches with weighted average prices ranging from $164.12 to $169.10).

Ownership Impact and Holdings

• Shares Sold: 27,500 ordinary shares
• Remaining Indirect Ownership (Cheng Huang Family Trust): 5,717,397 ordinary shares
• Remaining Direct Ownership: 136,568 ordinary shares
• Aggregate Remaining Position: 5,853,965 ordinary shares
• Percentage Disposed: The 27,500 shares sold represent approximately 0.48% of the trust's holdings and 0.47% of total reported beneficially owned shares.

Context and Market Significance

All transactions reported in this Form 4 were conducted pursuant to a pre-established Rule 10b5-1 trading plan adopted by the Cheng Huang Family Trust on September 5, 2025. Given that the transaction was scheduled via a pre-arranged 10b5-1 trading plan and constitutes a fraction of a percent (<0.5%) of Mr. Cheng's multi-million share equity stake, the trading significance is categorized as Low and reflects routine portfolio diversification rather than an opportunistic shift in insider sentiment.