CRDO CTO Qing Chipeng Sells Over 83,000 Shares Through Family Trust in June

Credo Technology Group Holding Ltd (Ticker: CRDO) Chief Technology Officer Cheng Chi Fung disposed of over 83,000 ordinary shares through a family trust and his personal account between June 9 and June 23, as reported on Form 4.[1][2][3] All sales during this period were open-market transactions executed under a pre-established Rule 10b5-1 trading plan, and even after the large disposals, the CTO still holds approximately 6.1 million shares in aggregate through the family trust and direct ownership.[1][2][3]

June 9–11: Off-Market Transfer, RSU Withholding, and 29,658 Shares Sold in the Open Market[1]

On June 9, the CTO transferred 5,000 ordinary shares in the name of the Cheng Huang Family Trust via a code “G” transaction recorded at a per-share price of $0, which is classified as a non-market disposition.[1] On June 10, to cover taxes due upon the vesting of restricted stock units (RSUs), the company withheld 4,919 shares at a price of $237.68 per share, reducing the CTO’s direct holdings to 146,608 shares.[1]
On June 11, pursuant to the Rule 10b5-1 trading plan, the family trust sold 29,658 ordinary shares in the open market.[1] The individual transaction prices ranged from $243.10 to $266.68 per share (some marked as “approximate”), and in various blocks of 100 to 3,519 shares, generated approximately $7.6 million in proceeds.[1] This sale reduced the family trust’s indirect holdings from 6,019,870 shares to 5,992,370 shares.[1]
After the June 11 transactions, the estimated value of the remaining holdings—using the highest sale price of $266.68 as the reference—was approximately $39,115,105.44 for the 146,608 directly held shares and $1,597,195,041.60 for the 5,992,370 indirectly held shares, totaling $1,636,300,147.04.[1]

June 16: Additional Sale of 24,000 Shares, Family Trust Holdings Near 5.96 Million Shares[2]

On June 16, the CTO again executed an open-market sale of 24,000 ordinary shares through the Cheng Huang Family Trust under the Rule 10b5-1 plan.[2] That day, 17 separate trades were executed, with prices ranging from $239.6007 to $257.61 per share.[2]

The key trades on that day were as follows.[2]

Date	Price per Share (USD)	Shares Sold	Proceeds (USD)
2026-06-16	239.6007	2,186	523,787
2026-06-16	241.2714	900	217,144
2026-06-16	245.6631	4,377	1,075,135
2026-06-16	248.6237	2,000	497,247
2026-06-16	249.8454	1,669	416,580
2026-06-16	251.6759	801	201,593
2026-06-16	257.61	100	25,761

Through these sales, the trust secured total proceeds of approximately $5.9 million to $6.2 million, and indirect holdings were reported at 5,964,870 shares after the disposals.[2] The filer specified that any shares beyond the economic interests of the filer and spouse are disclaimed for beneficial ownership purposes.[2]

June 23: 29,900 Shares Sold at an Average Price of $266.40–$281.05[3]

On June 23, pursuant to the Rule 10b5-1 automated trading plan, the family trust sold 29,900 ordinary shares through multiple small-lot transactions in the open market.[3] Execution prices that day ranged from $266.404 to $281.05 per share, with total estimated proceeds of approximately $8.0 million.[3]

The key trades on June 23 were as follows.[3]

Date	Price per Share (USD)	Shares Sold	Proceeds (USD)
2026-06-23	266.404	500	133,202.00
2026-06-23	269.3554	4,439	1,195,579.44
2026-06-23	270.3216	4,800	1,297,543.68
2026-06-23	271.3894	4,200	1,149,835.48
2026-06-23	272.5331	3,300	899,359.23
2026-06-23	273.3495	1,900	519,364.05
2026-06-23	281.05	100	28,105.00

Following these trades, the Cheng Huang Family Trust’s indirect holdings decreased to approximately 5,937,470 shares, while the CTO separately retained 146,608 directly held shares.[3] The filing reiterated that the family trust, co-managed by the CTO and his spouse for the benefit of themselves and their children, disclaims beneficial ownership of any shares beyond their economic interest.[3]

Summary of June Transactions and Remaining Shareholdings

Between June 9 and June 23, Form 4 filings report that, excluding the RSU tax withholdings, the family trust sold at least 83,558 shares in the open market (29,658 + 24,000 + 29,900 shares).[1][2][3] Including the 5,000-share off-market transfer on June 9 and the RSU withholding of 4,919 shares on June 10, the CTO’s aggregate direct and indirect holdings have declined, yet substantial residual positions remain, with 5,937,470 shares held by the family trust and 146,608 shares directly held.[1][2][3]

In Form 4, the remaining holdings were valued at approximately $1.6363 billion based on the highest sale price of $266.68 as of June 11.[1] These transactions represent a large-scale liquidity event by an insider executive, all executed under pre-established Rule 10b5-1 automated trading plans.[1][2][3]