Credo Technology CTO Chi Fung Cheng Sells $4.75M in Shares Under 10b5-1 Plan
Credo Technology Group Holding Ltd
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Filing Summary
- CRDO Insider Sale: Chi Fung Cheng (CTO & Director)
Action: Disposed 27,500 Ordinary Shares
Value: ~$4,747,114 ($172.62 avg price)
Type: 10b5-1 Plan Sale (Indirect via Trust)
Remaining Holdings: 5,579,897 indirect + 130,318 direct
Comprehensive Analysis
Executive Summary
On October 20, 2026, Chi Fung Cheng, Chief Technology Officer and Director of Credo Technology Group Holding Ltd ($CRDO), executed a series of sales totaling 27,500 ordinary shares at a weighted average price of approximately $172.62 per share, generating gross proceeds of approximately $4.75 million.
Transaction Details
- Security: Ordinary Shares
- Transaction Code: S (Open-market sale)
- Shares Sold: 27,500 shares across multiple price tranches ranging from $161.50 to $176.89
- Aggregate Consideration: $4,747,114.02
- Ownership Mechanism: Held indirectly via the Cheng Huang Family Trust U/T/A DTD 12/22/2003
- Remaining Ownership: 5,579,897 ordinary shares held indirectly by the trust, alongside 130,318 shares held directly
Context & Significance
The transaction was executed pursuant to a pre-arranged Rule 10b5-1 trading plan established on September 5, 2025. Given that the sale was executed under an existing trading plan and represents less than 0.5% of Mr. Cheng's total equity holdings (over 5.71 million combined shares), this filing is deemed to have Low market trading significance.
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Important Disclaimer
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