Form 4: Credo Technology Group Holding Ltd: Chief Technology Officer Cheng Chi Fung Sells Shares

Credo Technology Group's Chief Technology Officer, Cheng Chi Fung, executed sales of ordinary shares on May 2, 2025, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• Chi Fung Cheng, the Chief Technology Officer of Credo Technology Group Holding Ltd, sold ordinary shares on May 2, 2025.
• The sales were executed under a Rule 10b5-1 trading plan adopted on September 6, 2024, by the Cheng Huang Family Trust.
• A total of 14,050 shares were sold at a weighted average price of $47.2806, and 40,950 shares were sold at a weighted average price of $48.2704.
• Following the transactions, Cheng Chi Fung directly owns 121,810 ordinary shares.
• The Cheng Huang Family Trust, for which Cheng Chi Fung and his spouse are trustees and beneficiaries, holds 7,663,602 ordinary shares after the reported transactions.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating insider trading activity. The sentiment is neutral as it simply reports transactions.

Industry Context

Insider sales are a common occurrence, and the use of a pre-arranged 10b5-1 trading plan suggests the sales were planned and not based on any specific non-public information.

Stakeholder Impact

• Shareholders may react to the insider selling activity, although the existence of a 10b5-1 plan mitigates concerns about opportunistic trading.

Key Dates

Keywords

Form 4, insider trading, share sale, Credo Technology Group, CRDO, Cheng Chi Fung, Rule 10b5-1, Cheng Huang Family Trust