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, executed multiple sales of ordinary shares under a pre-arranged Rule 10b5-1 trading plan.

Summary

• Chi Fung Cheng, the Chief Technology Officer of Credo Technology Group Holding Ltd, reported the sale of ordinary shares on April 4th and 5th, 2025.
• The sales were executed under a Rule 10b5-1 trading plan adopted by the Cheng Huang Family Trust on September 6, 2024.
• On April 4th, multiple sales occurred at weighted average prices of $31.5811, $32.5638, $33.3433 and $34.02.
• On April 5th, 2,031 shares were disposed of at $33.3 to cover tax obligations related to RSU vesting.
• Following these transactions, Cheng indirectly owns 7,938,602 ordinary shares through the Cheng Huang Family Trust and directly owns 121,810 shares.

Sentiment

Score: 5

Explanation: This is a neutral disclosure of stock sales under a pre-arranged plan, with no inherent positive or negative implications.

Industry Context

This filing is a routine disclosure of insider trading activity, which is common for executives of publicly traded companies. The use of a 10b5-1 plan suggests that these sales were pre-planned and not based on any inside information.

Stakeholder Impact

• The stock sales could have a minor impact on shareholders due to the increased supply of shares in the market.

Key Dates

Keywords

Form 4, insider trading, stock sales, Credo Technology Group, CRDO, Chi Fung Cheng, Cheng Huang Family Trust, Rule 10b5-1, ordinary shares