Credo Technology Co-Founder Trust Files Form 144 for $38.7M Share Sale

Insider Sale Notice: Form 144 Analysis

Entity Filing: CHENG HUANG FAMILY TRUST (Associated with Chi Fung Cheng, Director and Officer) Company: Credo Technology Group Holding Ltd (CRDO) Filing Date: October 13, 2026

Key Findings

• Proposed Transaction: The trust filed a notice of proposed sale covering 192,500 common shares with an estimated market value of $38,661,700.00 (~$200.84 per share implied price).
• Nature of Securities: The shares were originally acquired on August 30, 2008, as founders' shares from the issuer.
• Pre-Arranged Trading Plan: The sales are conducted pursuant to a Rule 10b5-1 trading plan adopted on September 5, 2025.
• Recent Selling Activity: Over the preceding three months, the trust has executed extensive sales under the plan, regularly selling blocks of 27,500 shares roughly once per week, alongside minor sales of 3,790 shares, generating over $50 million in gross proceeds prior to this filing.

Trading & Market Context

• Volume vs. Float: The 192,500 shares represent approximately 0.10% of the 187,951,918 common shares outstanding.
• Significance: Rated High due to the aggregate dollar value approaching $39M and the continuous, structured disposition pattern by a key insider and co-founder.