SCHEDULE 13G/A: Key Insiders Maintain 4.7% Stake in Credo Technology Group
Beneficial Ownership Disclosure
Chi Fung Cheng, Yuhua Huang, and the Cheng Huang Family Trust collectively report a stable 4.7% beneficial ownership stake in Credo Technology Group Holding Ltd as of March 31, 2025.
Summary
- Chi Fung Cheng, Yuhua Huang, and the Cheng Huang Family Trust U/T/A DTD 12/22/2003 (collectively, the "Reporting Persons") have filed an Amendment No. 4 to Schedule 13G, disclosing their beneficial ownership in Credo Technology Group Holding Ltd.
- As of March 31, 2025, the Reporting Persons collectively beneficially own 7,999,852 ordinary shares of Credo Technology Group Holding Ltd.
- This aggregate ownership represents 4.7% of the Issuer's ordinary shares outstanding, calculated based on 170,567,109 shares outstanding as of March 31, 2025.
- Chi Fung Cheng holds sole voting and dispositive power over 6,250 shares, which include restricted stock units vesting within 60 days of March 31, 2025.
- Chi Fung Cheng and Yuhua Huang, as co-trustees of the Cheng Huang Family Trust, share voting and dispositive power over 7,993,602 ordinary shares held by the Trust.
Sentiment
Score: 5
Explanation: The document is a routine beneficial ownership disclosure and does not contain information that would significantly alter the company's perceived value or outlook. It indicates stability in key insider holdings.
Positives
- Continued significant insider ownership by Chi Fung Cheng (CTO and Director) and his family, which can signal confidence in the company's long-term prospects.
- The beneficial ownership percentage of 4.7% remains stable, indicating no significant divestment by these key insiders.
Future Outlook
NA
Industry Context
This document is a routine beneficial ownership disclosure and does not provide specific industry context or trends.
Related Party Transactions
- The filing details ownership by the Cheng Huang Family Trust, where Chi Fung Cheng and Yuhua Huang are co-trustees. This represents a related party ownership structure.
Stakeholder Impact
- Shareholders: Provides transparency regarding significant insider ownership, which can influence investor confidence.
- Management/Employees: Reinforces the commitment of key leadership (CTO) to the company's equity.
Key Dates
| Date | Description |
|---|---|
| 03/31/2025 | Date of event which requires filing of this statement (beneficial ownership calculation date) |
| 04/21/2025 | Date of filing of this statement |
Keywords
Credo Technology Group, SEC filing, Schedule 13G, beneficial ownership, insider ownership, Chi Fung Cheng, Yuhua Huang, Cheng Huang Family Trust, passive investment
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