Form 4: Credo Technology Group Holding Ltd: Chief Technology Officer Cheng Chi Fung Reports Share Sales

Chi Fung Cheng, Chief Technology Officer of Credo Technology Group Holding Ltd, reports the sale of ordinary shares held directly and indirectly through the Cheng Huang Family Trust.

Summary

• On April 19, 2024, Chi Fung Cheng, the Chief Technology Officer of Credo Technology Group Holding Ltd, sold ordinary shares of the company.
• A total of 50,996 shares were sold at a weighted average price of $17.2606, with individual transaction prices ranging from $16.83 to $17.82.
• An additional 4,004 shares were sold at a weighted average price of $17.8819, with individual transaction prices ranging from $17.83 to $17.95.
• These sales were executed pursuant to a Rule 10b5-1 trading plan adopted by the Cheng Huang Family Trust on September 7, 2023.
• Following these transactions, Cheng beneficially owns 138,824 ordinary shares directly.
• The Cheng Huang Family Trust, of which Cheng and his spouse are trustees and beneficiaries along with their children, holds 9,828,602 ordinary shares.

Sentiment

Score: 5

Explanation: The document is a neutral report of insider trading activity. The sales were conducted under a pre-arranged plan, mitigating potential negative sentiment. There is no indication of positive or negative implications for the company's performance.

Industry Context

This filing is a routine disclosure of insider trading activity. It provides transparency into the actions of company executives and their potential impact on investor confidence. It is important to note that the sales were executed under a pre-arranged trading plan, which is a common practice to avoid accusations of trading on inside information.

Stakeholder Impact

• The share sales by a key executive could potentially impact investor sentiment, although the existence of a pre-arranged trading plan may mitigate concerns.

Key Dates