Credo Technology CTO Sells Nearly 4,000 Shares Worth Over $600K Amid Strong One-Year Stock Performance
Chi Fung 'Lawrence' Cheng, co-founder and Chief Technology Officer of Credo Technology Group Holding Ltd (NASDAQ:CRDO), sold nearly 4,000 shares worth over $644,300 on September 4, 2026. The transaction was disclosed in an SEC Form 4 filing and had a minimal impact on his overall stake, which remains at approximately 3% of the company's outstanding shares. Cheng holds most of his equity through the Cheng Huang Family Trust, valued at around $985 million as of September 4. The sale represented just 0.06% of his total holdings before the transaction and did not significantly alter his long-term investment in Credo Technology Group Holding Ltd. Credo continues to expand its presence in high-speed connectivity solutions for optical and electrical Ethernet, with a trailing twelve-month revenue of $1.6 billion and net income of $538.3 million as of September 9.
Tickers: $CRDO
Topics: Credo Technology SEC filing stock sale