Form 4: Credo Technology Group's Chief Technology Officer, Chi Fung Cheng, Executes Stock Sales Under 10b5-1 Plan

Chi Fung Cheng, Chief Technology Officer of Credo Technology Group Holding Ltd, sold ordinary shares through a pre-arranged 10b5-1 trading plan.

Summary

• Chi Fung Cheng, the Chief Technology Officer of Credo Technology Group Holding Ltd, executed multiple sales of ordinary shares on April 10, 2025.
• The sales were conducted under a Rule 10b5-1 trading plan adopted by the Cheng Huang Family Trust on September 6, 2024.
• The transactions involved the sale of 23,605 shares at a weighted average price of $38.1046, 21,806 shares at $38.9836, 9,189 shares at $39.9576, and 400 shares at $40.805.
• Following these transactions, Cheng directly owns 121,810 ordinary shares.
• Additionally, the Cheng Huang Family Trust, for which Cheng and his spouse are trustees and beneficiaries, holds 7,883,602 ordinary shares after the reported transactions.
• Cheng disclaims beneficial ownership of the shares held by the trust except to the extent of his and his spouse's pecuniary interest.

Sentiment

Score: 5

Explanation: This is a neutral disclosure of stock sales under a pre-arranged plan. It doesn't inherently indicate positive or negative sentiment about the company's prospects.

Industry Context

This filing is a routine disclosure of insider trading activity. It is common for executives to use 10b5-1 plans to sell shares over time to avoid accusations of trading on inside information.

Stakeholder Impact

• The stock sales could have a minor negative impact on shareholder sentiment, but the existence of a 10b5-1 plan mitigates this concern.

Key Dates

Keywords

Form 4, Credo Technology Group, Chi Fung Cheng, Stock Sale, 10b5-1 Plan, Insider Trading, CRDO, Cheng Huang Family Trust