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

Chi Fung Cheng, Chief Technology Officer and Director of Credo Technology Group Holding Ltd, sold shares on March 11, 2024, under a pre-arranged trading plan.

Summary

• Chi Fung Cheng, a director and Chief Technology Officer of Credo Technology Group Holding Ltd, reported the sale of ordinary shares on March 11, 2024.
• A total of 51,401 shares were sold at a weighted average price of $20.8891, with individual prices ranging from $20.41 to $21.40.
• An additional 3,599 shares were sold at a weighted average price of $21.4706, with individual prices ranging from $21.41 to $21.77.
• The sales were executed under a Rule 10b5-1 trading plan adopted by the Cheng Huang Family Trust on September 7, 2023.
• Following the transactions, Cheng directly owns 140,346 ordinary shares.
• Cheng also indirectly owns 10,048,602 ordinary shares through the Cheng Huang Family Trust, where he and his spouse are trustees and beneficiaries.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the transaction was pre-planned under a 10b5-1 trading plan. It doesn't necessarily reflect a positive or negative view of the company's future.

Industry Context

This filing is a routine disclosure of insider trading activity. It's important to monitor such filings to understand the sentiment of company insiders regarding the company's prospects.

Stakeholder Impact

• The share sale could have a minor impact on shareholder sentiment, but the pre-planned nature of the transaction mitigates potential concerns.

Key Dates