Credo Technology CTO Chi Fung Cheng Sells $6.07M in Ordinary Shares Under 10b5-1 Plan

Insider Transaction Overview

On October 14, 2026, Credo Technology Group Holding Ltd (CRDO) filed a Form 4 detailing open-market share dispositions by Cheng Chi Fung, Chief Technology Officer and Director. Across October 12 and October 13, 2026, Cheng disposed of an aggregate of 31,290 ordinary shares generating gross proceeds of approximately $6.07 million at a volume-weighted average price of ~$194.07 per share.

Breakdown of Dispositions

1. Direct Disposition (October 12, 2026):

   • Shares Sold: 3,790 shares at $201.835 per share.
   • Value: $764,954.65.
   • Direct Balance Post-Sale: 130,318 ordinary shares.

2. Indirect Dispositions via Cheng Huang Family Trust (October 13, 2026):

   • Shares Sold: 27,500 shares across 14 discrete tranches ranging from $186.11 to $199.56 per share.
   • Value: $5,307,353.30.
   • Indirect Balance Post-Sale: 5,607,397 ordinary shares.
   • Plan Details: Conducted pursuant to a pre-arranged Rule 10b5-1 trading plan adopted by the Cheng Huang Family Trust on September 5, 2025.

Ownership & Sentiment Assessment

• Volume Relative to Holdings: The 31,290 shares sold represent roughly 0.54% of the insider's combined direct and indirect position of over 5.76 million shares.
• Pre-Arranged Execution: The bulk of the sales (27,500 shares) were executed under a Rule 10b5-1 trading plan adopted more than a year prior, insulating the trades from material non-public information implications.
• Significance: Classified as Medium primarily due to the multi-million-dollar nominal value ($6.07M), though the low fraction of total holdings sold and reliance on a pre-set trading schedule temper broader market signaling.