CRDO Technology CTO Jeong Ji-Peong Sells 85,790 Shares Between June and July

Cheng Chi Fung, Chief Technology Officer of Credo Technology Group Holding Ltd, executed open-market sales of 85,790 ordinary shares on June 16, June 23, and July 7–8.[1][2][3] All transactions were prearranged sales under Rule 10b5-1 trading plans, and represent an insider cashing out millions of dollars over several weeks—information that investors may interpret in terms of increased short-term supply and insider sentiment.[1][2][3]

On June 16, Mr. Cheng, through the Cheng Huang Family Trust, sold 24,000 ordinary shares in 17 separate transactions at prices ranging from $239.6007 to $257.61 per share.[1] The trust received approximately $5.9 million to $6.2 million in total proceeds, and following the sale, retained indirect ownership of 5,964,870 shares, maintaining a significant stake.[1]

On June 23, the same trust sold 29,900 ordinary shares in multiple small blocks at prices between $266.404 and $281.05 per share, generating roughly $8.0 million in total proceeds.[2] This reduced the trust’s indirect holdings from about 5,964,370 shares to 5,937,470 shares, and Mr. Cheng separately reported direct ownership of 146,608 shares.[2]

On July 7, under a multi-window Rule 10b5-1 plan, the Cheng Huang Family Trust sold 28,100 ordinary shares at prices ranging from $236.5831 to $253.55 per share, raising approximately $6.9 million in proceeds.[3] On July 8, Mr. Cheng sold an additional 3,790 shares from his direct holdings at $258.71 per share, monetizing roughly $980,000.[3]

After this series of transactions, Mr. Cheng holds 588,237 shares indirectly through the Cheng Huang Family Trust and 140,358 shares directly. The filings value the indirect holdings at about $152.05 million and direct holdings at about $36.33 million, based on a reference price of $258.71.[3] The company’s disclosures clarify that the trust is structured with Mr. Cheng and his spouse as trustees for themselves and their children, and disavow beneficial ownership beyond their economic interest.[2][3]

Comparison of Major Sales Details

Date	Seller	Shares Sold	Price Range (USD)	Estimated Total Proceeds (USD)	Transaction Type
2026-06-16	Cheng Huang Family Trust	24,000	239.6007 ~ 257.61	approx. 5.9M ~ 6.2M	Rule 10b5-1 Planned Sale[1]
2026-06-23	Cheng Huang Family Trust	29,900	266.404 ~ 281.05	approx. 8.0M	Rule 10b5-1 Automated Sale[2]
2026-07-07	Cheng Huang Family Trust	28,100	236.5831 ~ 253.55	approx. 6.9M	Rule 10b5-1 Planned Sale[3]
2026-07-08	Cheng Chi Fung (Direct)	3,790	258.71	approx. 1.0M	Direct Sale[3]

These consecutive insider sales, totaling 85,790 shares and representing tens of millions of dollars in supply, occurred within about three weeks from mid-June to early July through Rule 10b5-1 plans and direct sales, potentially signaling increased float and insider position adjustments.[1][2][3] However, Mr. Cheng and the related trust still retain hundreds of thousands to millions of shares, confirming that while there was a reduction, significant vested interest remains.[1][2][3]