Form 4: Credo Technology CTO and Director Reports Significant Share Dispositions

Credo Technology Group Holding Ltd's Chief Technology Officer and Director, Cheng Chi Fung, reported the disposition of over 57,000 ordinary shares, primarily through pre-planned sales via a Rule 10b5-1 trading plan.

Summary

• Cheng Chi Fung, Chief Technology Officer and Director of Credo Technology Group Holding Ltd (CRDO), reported multiple dispositions of ordinary shares.
• On July 5, 2025, 2,460 ordinary shares were disposed of at a price of $93.61 to satisfy tax withholding obligations in connection with the vesting and settlement of Restricted Stock Units (RSUs).
• On July 7, 2025, a total of 54,990 ordinary shares were sold by the Cheng Huang Family Trust, of which Cheng Chi Fung is a trustee and beneficiary.
• These sales by the Cheng Huang Family Trust were executed pursuant to a Rule 10b5-1 trading plan adopted on September 6, 2024.
• The sales on July 7, 2025, occurred at weighted average prices of $90.773 (3,311 shares), $91.883 (40,550 shares), and $92.4941 (11,139 shares).
• Following these reported transactions, Cheng Chi Fung directly holds 116,890 ordinary shares.
• The Cheng Huang Family Trust indirectly holds 7,328,961 ordinary shares after these transactions.

Sentiment

Score: 5

Explanation: Neutral. While insider selling occurred, a significant portion was pre-planned under a Rule 10b5-1 plan, which mitigates negative sentiment. The other disposition was for tax purposes, which is routine.

Future Outlook

NA

Industry Context

NA

Related Party Transactions

• Sales of 54,990 ordinary shares were conducted by the Cheng Huang Family Trust, of which the reporting person and his spouse are trustees and beneficiaries.

Stakeholder Impact

• Shareholders: The disposition of shares by a key executive and director could be perceived as a slight negative, though the Rule 10b5-1 plan mitigates concerns about reactive selling.

Key Dates

Keywords

Credo Technology Group Holding Ltd, CRDO, Form 4, Insider Trading, Share Disposition, Rule 10b5-1, Cheng Chi Fung, Chief Technology Officer, Director, Equity Sales, Tax Withholding