Credo Technology CTO Chi Fung Cheng Sells $5.3M in Shares via 10b5-1 Plan
Credo Technology Group Holding Ltd
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Filing Summary
# Insider Sale: Credo Technology Group Holding Ltd ($CRDO)
**Insider**: Cheng Chi Fung (Chief Technology Officer & Director)
**Transaction**: Disposed 27,500 Ordinary Shares
**Average Price**: $193.93 (Ranging from $189.37 to $199.05)
**Total Value**: $5,333,158.15
**Remaining Holdings**: 5,662,397 shares (Indirect via Trust) | 136,568 shares (Direct)
**Plan Type**: Rule 10b5-1 (Adopted Sept 5, 2025)
**Significance**: Low (Pre-planned transaction; <0.5% of total stake sold)
Comprehensive Analysis
Overview
On October 1, 2026, Credo Technology Group Holding Ltd ($CRDO) Chief Technology Officer and Director Chi Fung Cheng filed a Form 4 detailing sales of 27,500 ordinary shares executed on September 29, 2026.
Transaction Details
- Shares Sold: 27,500 ordinary shares across nine tranches
- Price Range: Executed between $189.37 and $199.05 per share (weighted average price of ~$193.93)
- Gross Proceeds: $5,333,158.15
- Ownership Nature: Indirectly held through the Cheng Huang Family Trust U/T/A DTD 12/22/2003
- Trading Plan: Disclosed as executed under a pre-established Rule 10b5-1 trading plan adopted on September 5, 2025
Post-Transaction Holdings
Following the transactions:
- Indirect Holdings (Cheng Huang Family Trust): 5,662,397 shares
- Direct Holdings: 136,568 shares
- Total Beneficial Ownership: 5,798,965 shares
Significance & Context
The transaction represents less than 0.5% of Cheng's aggregate holdings in the company. Because the disposals were performed pursuant to an affirmative Rule 10b5-1 pre-scheduled trading plan established over a year prior, this filing reflects standard programmatic diversification rather than discretionary selling based on short-term company prospects.
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