A Form 4 filed on September 15, 2026 discloses that Cheng Chi Fung, Chief Technology Officer and Director of Credo Technology Group Holding Ltd (NASDAQ:CRDO), disposed of a total of 27,500 ordinary shares on September 11, 2026, through the Cheng Huang Family Trust under a pre-established Rule 10b5-1 trading plan.

Key Highlights

  • Reporting person: Cheng Chi Fung, Chief Technology Officer and Director of Credo Technology Group Holding Ltd.
  • Total shares sold: 27,500 ordinary shares disposed of on September 11, 2026, across four separate transactions.
  • Weighted average prices: Transactions executed at weighted average prices of $160.9883, $162.1843, $163.0575, and $163.8797 per share.
  • Pre-planned trading: All sales were made pursuant to a Rule 10b5-1 trading plan adopted by the Cheng Huang Family Trust on September 5, 2025.
  • Remaining indirect ownership: Following the transactions, the Cheng Huang Family Trust held 5,744,897 ordinary shares indirectly; the reporting person also holds 136,568 ordinary shares directly.
  • Beneficial ownership note: The reporting person disclaims beneficial ownership of trust shares except to the extent of his and his spouse's pecuniary interest therein, according to the filing.

Cheng Chi Fung's Trust Disposes of Ordinary Shares in Four Tranches

According to the filing, all four sale transactions on September 11, 2026 were carried out indirectly through the Cheng Huang Family Trust, of which Cheng Chi Fung and his spouse are trustees, and the reporting person, his spouse, and their children are beneficiaries. The trust's full legal name is given in the filing as "Cheng Huang Family Trust U/T/A DTD 12/22/2003." Each transaction was coded "S" (sale) and classified as a disposition.

The four tranches involved 600 shares at a weighted average price of $160.9883 (with individual trade prices ranging from $160.60 to $161.36), 12,912 shares at $162.1843 (ranging from $161.62 to $162.61), 9,585 shares at $163.0575 (ranging from $162.62 to $163.61), and 4,403 shares at $163.8797 (ranging from $163.62 to $164.52). Each weighted average price reflects multiple individual trades, and the filing states the reporting person will provide full per-trade detail upon request to the SEC staff, the issuer, or a security holder.

After these dispositions, the Cheng Huang Family Trust's indirect beneficial ownership stood at 5,744,897 ordinary shares, according to the filing. The reporting person separately holds 136,568 ordinary shares directly. The filing was signed by James Laufman as attorney-in-fact on September 15, 2026.

What Was Disclosed

The Form 4 reports the sale of 27,500 ordinary shares of Credo Technology Group Holding Ltd by the Cheng Huang Family Trust on September 11, 2026, on behalf of CTO Cheng Chi Fung, pursuant to a Rule 10b5-1 plan adopted September 5, 2025.