Form 4: Credo Technology Group's CTO, Chi Fung Cheng, Sells Shares Under 10b5-1 Trading Plan

Chi Fung Cheng, Chief Technology Officer of Credo Technology Group Holding Ltd, executed multiple sales of ordinary shares under a pre-arranged 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 March 17, 2025.
• The sales were executed under a Rule 10b5-1 trading plan adopted by the Cheng Huang Family Trust on September 6, 2024.
• A total of 54,990 ordinary shares were sold in multiple transactions at weighted average prices ranging from $46.8404 to $48.292.
• Following the reported transactions, Cheng directly owns 123,841 ordinary shares.
• Cheng indirectly owns 8,103,602 ordinary shares through the Cheng Huang Family Trust, where he and his spouse are trustees and beneficiaries.
• Cheng disclaims beneficial ownership of these shares except to the extent of his and his spouse's pecuniary interest.

Sentiment

Score: 5

Explanation: This is a neutral disclosure of insider trading activity. The sales were conducted under a pre-arranged trading plan, suggesting no particular concern 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 trading plans to sell shares over time to avoid accusations of trading on inside information.

Stakeholder Impact

• The share sales by a key executive could be perceived negatively by some investors, potentially leading to slight downward pressure on the stock price in the short term.

Key Dates

Keywords

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