CTO Chi Fung Cheng executes 14 separate sales totaling 27,500 shares for $7,450,978.83 under pre-arranged 10b5-1 plan
Chi Fung Cheng, Chief Technology Officer at Credo Technology Group Holding Ltd, executed 14 separate sales totaling 27,500 shares for $7,450,978.83 on 2026-06-23, representing a 0.5% reduction from his 5.96M share position. This transaction was executed under a pre-arranged 10b5-1 trading plan adopted on 2025-09-05, meaning the sales were scheduled and not discretionary. At the time of filing, CRDO stock was trading at $268.03, approximately 13.2% below its 52-week high of $308.67 but up 20.9% over the prior 30 days. The company reported strong recent fundamentals with revenue of $407.0M, net income of $157.1M, and annual revenue growth of 126.3%, though the stock carries a high valuation multiple (P/E 145.67). As a scheduled disposition under a 10b5-1 plan, this transaction reflects pre-existing commitments rather than a discretionary trading decision by the executive.