Cheng Chi Fung

Cheng Chi Fung, chief technology officer at Credo Technology Group (CRDO), has filed 420 Form 4 transactions, all in that single company. The pattern is one-directional: he has sold $264.6 million worth of stock and has not recorded a single open-market purchase, grant, or option exercise in the data. Every transaction in the recent window is an open-market sale, code S, with 25 such sales clustered between July 31 and September 23, 2026. The recent sales show consistent, heavy liquidation. On September 23 alone, he sold in seven tranches totaling roughly $5.3 million, with individual values ranging from $136,976 to $1.5 million. The September 17 batch added about $4.6 million across six sales, and September 11 brought another $4.5 million in four transactions. Earlier, on July 31, he sold seven blocks worth approximately $4.4 million. The smallest recent sale was $33,820 on September 17; the largest was $2.09 million on September 11. The selling is steady rather than episodic, with activity in every week from late July through late September. There is no countervailing buying in the record, and no acquisitions of any kind, which means the sales are not offset by new share grants or exercises. The dollar values are large enough to suggest a deliberate reduction of a substantial position, but the filings do not indicate whether the proceeds relate to personal liquidity, diversification, or any other purpose. The direction is unambiguous: Cheng has been a consistent seller of CRDO stock, and the pace has not slowed in the most recent weeks.