Cheng Chi Fung 4
4 · Credo Technology Group Holding Ltd · Filed Mar 26, 2026
Research Summary
AI-generated summary of this filing
Credo Technology (CRDO) CTO Cheng Chi Fung Sells Shares
What Happened
Cheng Chi Fung, Credo Technology Group Holding Ltd's Chief Technology Officer and director, sold a total of 27,500 ordinary shares in open-market transactions on March 24, 2026, generating aggregate proceeds of approximately $2,768,339. The individual reported trades were:
- 2,400 shares @ $98.89 = $237,339 (weighted avg; trades at $98.27–$99.25)
- 8,600 shares @ $99.90 = $859,178 (weighted avg; trades at $99.31–$100.29)
- 8,600 shares @ $100.73 = $866,306 (weighted avg; trades at $100.31–$101.29)
- 5,900 shares @ $101.73 = $600,228 (weighted avg; trades at $101.31–$102.29)
- 1,900 shares @ $102.61 = $194,951 (weighted avg; trades at $102.31–$103.08)
- 100 shares @ $103.37 = $10,337
These were sales (not purchases) and appear to be routine dispositions rather than an indication of company performance.
Key Details
- Transaction date: March 24, 2026; Form 4 filed March 26, 2026 (within the normal two‑business‑day reporting window).
- Total sold: 27,500 shares for ~$2.77M.
- Sales effected pursuant to a Rule 10b5‑1 trading plan adopted by the Cheng Huang Family Trust on September 5, 2025 (footnote).
- The shares sold are held by the Cheng Huang Family Trust; the reporting person and spouse are trustees and beneficiaries; Cheng disclaims beneficial ownership except for pecuniary interest (per footnote).
- Several transactions were executed in multiple trades; the filing reports weighted‑average prices and provides ranges of execution prices for those blocks.
Context
- Sales under a 10b5‑1 plan are pre‑arranged trading programs that allow insiders to sell shares at scheduled times; they are commonly used for routine liquidity and do not necessarily reflect new, contemporaneous views on the stock.
- No purchase, option exercise, gift, or award was reported in this filing.
- The filing does not disclose post‑transaction total holdings in the excerpt provided; for exact holdings or to request trade-by-trade details, the filer has committed to provide full information upon request as noted in the footnotes.
Insider Transaction Report
Form 4
Cheng Chi Fung
DirectorChief Technology Officer
Transactions
- Sale
Ordinary Shares
[F1][F2][F3]2026-03-24$98.89/sh−2,400$237,339→ 6,242,470 total(indirect: By Trust) - Sale
Ordinary Shares
[F1][F4][F3]2026-03-24$99.90/sh−8,600$859,178→ 6,233,870 total(indirect: By Trust) - Sale
Ordinary Shares
[F1][F5][F3]2026-03-24$100.73/sh−8,600$866,306→ 6,225,270 total(indirect: By Trust) - Sale
Ordinary Shares
[F1][F6][F3]2026-03-24$101.73/sh−5,900$600,228→ 6,219,370 total(indirect: By Trust) - Sale
Ordinary Shares
[F1][F7][F3]2026-03-24$102.61/sh−1,900$194,951→ 6,217,470 total(indirect: By Trust) - Sale
Ordinary Shares
[F1][F3]2026-03-24$103.37/sh−100$10,337→ 6,217,370 total(indirect: By Trust)
Holdings
- 111,220
Ordinary Shares
Footnotes (7)
- [F1]The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Cheng Huang Family Trust on September 5, 2025.
- [F2]This transaction was executed in multiple trades at prices ranging from $98.27 to $99.25. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- [F3]Represents ordinary shares held by the Cheng Huang Family Trust of which the Reporting Person and his spouse are trustees and the Reporting Person, his spouse and their children are beneficiaries. The Reporting Person disclaims beneficial ownership except to the extent of his and his spouse's pecuniary interest therein. The full name of the trust is the Cheng Huang Family Trust U/T/A DTD 12/22/2003.
- [F4]This transaction was executed in multiple trades at prices ranging from $99.31 to $100.29. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- [F5]This transaction was executed in multiple trades at prices ranging from $100.31 to $101.29. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- [F6]This transaction was executed in multiple trades at prices ranging from $101.31 to $102.29. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- [F7]This transaction was executed in multiple trades at prices ranging from $102.31 to $103.08. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
Signature
/s/ James Laufman, attorney-in-fact|2026-03-26