Credo Technology (CRDO) CTO Jeong Chi-Pung Sells 85,790 Shares in June and July

Credo Technology Group Holding Ltd’s Chief Technology Officer (CTO) Cheng Chi Fung conducted public market sales of a total of 85,790 shares of the company’s common stock in June and early July under Rule 10b5-1 trading plans.[1][2][3] These sequential sales are estimated to have monetized tens of millions of dollars, yet CTO Cheng still maintains a significant stake through both trust and direct holdings.[1][2][3]

On June 16, CTO Cheng sold 24,000 common shares through the Cheng Huang Family Trust in multiple tranches at a weighted average price of approximately $239.6007 to $257.61 per share.[1] Individual blocks included 2,186 shares at $239.6007, 900 shares at $241.2714, 2,000 shares at $242.3505, 1,600 shares at $243.4562, and 2,491 shares at $244.7277, among a total of 17 transactions.[1] Following this transaction, the trust’s indirect holdings were reported at 5,964,870 shares, and the filer disclaimed any beneficial ownership beyond the financial interests of himself and his spouse.[1]

On June 23, the same family trust sold an additional 29,900 common shares.[2] These sales were executed in 13 smaller blocks within a price range of approximately $266.404 to $281.05 per share, including trades of 4,439 shares at $269.3554, 4,800 shares at $270.3216, and 4,200 shares at $271.3894, among others.[2] As a result, the trust’s indirect holdings decreased from about 5,964,370 shares to 5,937,470 shares, and CTO Cheng separately reported direct holdings of 146,608 shares.[2]

On July 7–8, large-scale sales under the Rule 10b5-1 plan were followed by a direct sale.[3] On July 7, the family trust sold 28,100 common shares at a weighted average price range of approximately $236.5831 to $253.55 per share, and on July 8, CTO Cheng directly sold 3,790 shares at $258.71 per share.[3] After these transactions, the trust’s holdings were reported at 588,237 shares, and direct holdings at 140,358 shares.[3]

Summary: Recent 10b5-1 Plan Sales

Date	Selling Entity	Shares Sold	Price Range (USD)	Post-Transaction Holdings
2026-06-16	Cheng Huang Family Trust[1]	24,000	239.6007 ~ 257.61	Indirect 5,964,870 shares[1]
2026-06-23	Cheng Huang Family Trust[2]	29,900	266.404 ~ 281.05	Indirect 5,937,470 shares + Direct 146,608 shares[2]
2026-07-07	Cheng Huang Family Trust[3]	28,100	236.5831 ~ 253.55	(Indirect 588,237 shares reported thereafter)[3]
2026-07-08	Cheng Chi Fung (direct)[3]	3,790	258.71	Direct 140,358 shares[3]

According to these filings, the CTO and the family trust he co-manages have systematically monetized a portion of their stake through prearranged Rule 10b5-1 plans, yet still retain substantial positions in the hundreds of thousands to millions of shares, suggesting there is no immediate change in their controlling interest.[1][2][3]