Credo Technology CTO Chi Fung Cheng Sells $4.51M in Shares Under Rule 10b5-1 Plan

Insider Transaction Overview

On October 27, 2026, Chi Fung Cheng, Chief Technology Officer and Director of Credo Technology Group Holding Ltd (CRDO), executed open-market sales totaling 27,500 Ordinary Shares through the Cheng Huang Family Trust.

• Total Disposition Value: Approximately $4,513,369 across multiple tranches at prices ranging between $155.07 and $168.16, representing a weighted-average execution price of roughly $164.12 per share.
• Remaining Holdings: Following these transactions, the Cheng Huang Family Trust maintains beneficial ownership of 5,552,397 shares, while Mr. Cheng directly holds 130,318 shares.

Context and Market Significance

• Rule 10b5-1 Trading Plan: The sales were executed under a pre-established Rule 10b5-1 trading plan adopted on September 5, 2025. This indicates the disposition was scheduled well in advance and not an ad-hoc reaction to near-term material non-public information.
• Proportion of Holdings: The 27,500 shares sold represent less than 0.5% of the reporting person's combined beneficial ownership (over 5.68 million shares), signaling modest portfolio diversification rather than a loss of conviction.
• Significance Level: Medium — While the dollar volume exceeds $4.5 million, the low percentage of total holdings sold and the use of a pre-arranged 10b5-1 plan moderate the market impact.