Credo Technology Co-Founder and CTO Sells Nearly 4,000 Shares Worth Over $600K
Chi Fung 'Lawrence' Cheng, co-founder and Chief Technology Officer of Credo Technology Group Holding Ltd (CRDO), sold 3,790 shares on September 4, 2026. The transaction was valued at approximately $644,300 based on a weighted average sale price of $170 per share. Cheng's remaining stake includes both directly and indirectly held shares totaling nearly six million, with the indirect portion largely controlled through the Cheng Huang Family Trust. Credo Technology reported strong financial performance in recent months, including trailing twelve-month revenue of $1.6 billion and net income of $538.3 million as of September 9, 2026. The company specializes in high-speed connectivity solutions for optical and electrical Ethernet infrastructure, serving data centers, telecom providers, and cloud service companies globally. The sale had minimal impact on Cheng's overall equity position, representing just 0.06% of his pre-transaction holdings. Despite the insider transaction, he continues to hold a significant stake in Credo Technology, maintaining alignment with long-term shareholder interests.
Tickers: $CRDO
Topics: corporate governance securities and exchange commission (sec) stock transactions