Credo Technology Group Holding Ltd Director and Chief Technology Officer Cheng Chi Fung filed a Form 4 on October 29, 2026, reporting the sale of 27,300 ordinary shares on October 27, 2026, through the Cheng Huang Family Trust under a pre-established Rule 10b5-1 trading plan.

Key Highlights

  • Reporting person: Cheng Chi Fung, Director and Chief Technology Officer of Credo Technology Group Holding Ltd (NASDAQ:CRDO)
  • Total shares sold: 27,300 ordinary shares disposed of on October 27, 2026, across 13 separate transactions
  • Price range: Weighted average sale prices ranged from $155.315 to $168.016 per share across all transactions
  • Selling vehicle: All sales were made indirectly through the Cheng Huang Family Trust, of which Cheng Chi Fung and his spouse are trustees and beneficiaries
  • Post-transaction holdings: Following the sales, the trust held 5,552,397 ordinary shares indirectly; the filing also reports 130,318 ordinary shares held directly
  • Trading plan: Sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Cheng Huang Family Trust on September 5, 2025
  • Beneficial ownership disclaimer: The filing states the reporting person disclaims beneficial ownership of the trust shares except to the extent of his and his spouse's pecuniary interest

Cheng Chi Fung's October 27, 2026 Share Sales Through Family Trust

According to the filing, Cheng Chi Fung, who serves as both a Director and Chief Technology Officer of Credo Technology Group Holding Ltd (NASDAQ:CRDO), disposed of a total of 27,300 ordinary shares on October 27, 2026. All transactions carried transaction code "S" (sale) and were conducted indirectly through the Cheng Huang Family Trust. The filing notes that the sales were made pursuant to a Rule 10b5-1 trading plan adopted by the Cheng Huang Family Trust on September 5, 2025.

The 27,300 shares were sold across 13 separate transactions at weighted average prices ranging from $155.315 to $168.016 per share. Each transaction was itself executed in multiple trades, with individual price ranges disclosed in the filing's footnotes. For example, the largest single transaction involved 7,812 shares sold at a weighted average of $166.307, with individual trades ranging from $165.84 to $166.83. The filing states that full information on the number of shares and prices at which each transaction was effected is available upon request to the SEC staff, the issuer, or a security holder.

Following all reported sales, the Cheng Huang Family Trust held 5,552,397 ordinary shares indirectly. The filing also reports 130,318 ordinary shares held directly by the reporting person, though no transactions were reported against that direct position. According to the filing, the full legal name of the trust is the Cheng Huang Family Trust U/T/A DTD 12/22/2003, and the reporting person, his spouse, and their children are named as beneficiaries.

What Was Disclosed

The filing discloses 13 open-market sales of Credo Technology ordinary shares totaling 27,300 shares on October 27, 2026, by Cheng Chi Fung through the Cheng Huang Family Trust, executed under a Rule 10b5-1 plan adopted September 5, 2025, at weighted average prices from $155.315 to $168.016.