Credo Technology CTO Chi Fung Cheng Sells $6.09M in Shares Under 10b5-1 Plan

Overview & Context

On October 7, 2026, a Form 4 was filed for Credo Technology Group Holding Ltd (CRDO) disclosing equity transactions by Chi Fung Cheng, Chief Technology Officer and Director.

Transaction Breakdown

1. Tax Withholding (Code F):

   • Date: October 5, 2026
   • Shares Withheld: 2,460 ordinary shares at $218.64 ($537,854.40) to satisfy tax liabilities from RSU vesting.
   • Direct Shares Owned After: 134,108 shares.

2. Open Market Sales (Code S):

   • Date: October 6, 2026
   • Total Shares Sold: 27,500 ordinary shares held indirectly by the Cheng Huang Family Trust.
   • Price Range: Prices ranged from $210.72 to $226.37 across 12 tranches, with a volume-weighted average price of approximately $221.48.
   • Total Proceeds: Approximately $6,090,654.03.
   • Plan Details: The sales were conducted pursuant to a pre-established Rule 10b5-1 trading plan adopted on September 5, 2025.

Holdings & Market Impact

• Remaining Ownership: Following these transactions, the Cheng Huang Family Trust continues to hold 5,634,897 ordinary shares, and Mr. Cheng directly holds 134,108 ordinary shares.
• Significance: The 27,500 shares sold represent less than 0.5% of Mr. Cheng's combined holdings. Because the transaction was executed under an established Rule 10b5-1 trading plan and leaves the insider with substantial continued exposure to CRDO equity, the market impact is considered Medium primarily due to the aggregate dollar amount ($6.09M).