Credo Technology Executives Execute Large-Scale Stock Sales: 78,000 Shares Worth Approximately $100 Million in 10b5-1 Transactions
CTO, CEO & CFO Simultaneously Sell Shares on the Open Market in Pre-Planned Transactions
Credo Technology Group Holding Ltd (CRDO) has drawn investor attention after its chief technology officer (CTO), chief executive officer (CEO) and chief financial officer (CFO) each filed consecutive open-market sales (Form 4 disclosures) in early January. According to the filings, the three executives sold a combined ~78,000 shares under Rule 10b5-1 plans between January 7–8, 2026, generating roughly $58 million in proceeds (≈KRW 81.2 billion at USD 1,400/KRW). While the company made no simultaneous earnings or guidance announcements, the fact that all three top officers cashed out during a strong share rally could create psychological headwinds.
## CTO Sells 28,600 Shares via Family Trust, Still Holds ~\$908 Million
The largest block came from CTO Cheng Chi Fung’s Cheng Huang Family Trust. On January 8, 2026, the trust sold 28,600 common shares in multiple tranches at prices between $136.00 and $142.72 per share. Proceeds are estimated at $4.0 million (≈KRW 5.6 billion). After the sale, the trust’s stake fell to 6,387,370 shares, yet remains valued at approximately $908 million (≈KRW 1.27 trillion) per the filing—suggesting a primarily profit-taking and diversification move rather than a full exit.
CEO Brennan Sells ~20,000 Shares Over Two Days, Retains Significant Direct & Indirect Holdings
CEO William J. Brennan executed multiple small trades under a Rule 10b5-1 plan adopted April 15, 2025. Between January 7–8, he sold ~19,900–21,037 shares at $125.69–$142.44, with total proceeds of about $2.7–$3.0 million (≈KRW 38–42 billion). Post-sale, Brennan’s direct holdings dropped to 270,641 shares, but his indirect holdings via The Brennan Family Trust remain at 1,882,502 shares. At filing prices, his direct stake is worth ~$3.8 million (≈KRW 536 million) and his indirect stake ~$266–$268 million (≈KRW 3.72–3.75 billion), indicating continued alignment with the company’s mid-to-long-term strategy.
CFO Fleming Disposes of 8,562 Shares, All C-Suite Executives Join ‘Portfolio Rebalancing’
CFO Daniel W. Fleming sold 8,562 shares across three transactions on January 7–8 under a Rule 10b5-1 plan adopted June 19, 2025. The weighted-average sale price was \$128.10, \$128.99 and \$140.15, generating \$1.12–\$1.13 million (≈KRW 1.57–1.58 billion). Afterward, Fleming still holds 446,178 shares, valued at ~\$57–\$62 million (≈KRW 798–868 million) based on recent sale prices. With most executives retaining substantial residual stakes, the moves appear driven more by portfolio diversification than a short-term exit.
Investors’ Perspective: Planned Sales & Large Remaining Stakes Offer Cushion, But Simultaneity Could Weigh on Sentiment
The filings coincide with strong fundamentals and a high share valuation near peak levels. Executives’ use of pre-arranged 10b5-1 plans to realize partial gains, while maintaining sizable residual positions, generally signals personal financial planning and diversification. Yet the near-simultaneous disposals totaling tens of millions of dollars may dampen short-term investor sentiment. Going forward, investors should closely monitor upcoming earnings, business momentum and how these insider sales impact share performance and valuation.
Key Insider Transactions Summary
| Insider | Title | Trade Date | Shares Sold | Estimated Proceeds (USD) | KRW Equivalent (≈) |
|---|---|---|---|---|---|
| Cheng Chi Fung | CTO (Cheng Huang Family Trust) | 2026-01-08 | 28,600 | $4,000,000 | KRW 5,600,000,000 |
| William J. Brennan | CEO | 2026-01-07–08 | ~19,900–21,037 | $2,700,000–$3,000,000 | KRW 3,780,000,000–4,200,000,000 |
| Daniel W. Fleming | CFO | 2026-01-07–08 | 8,562 | $1,120,000–$1,130,000 | KRW 1,568,000,000–1,582,000,000 |