This insider cluster is quantitatively immaterial relative to CRDO's $38.2B market cap, and the sales follow a quarterly earnings event where lock-up windows typically reopen. No bearish read-through is warranted. Monitor the next 8-K for any changes to revenue guidance or C-suite departures, which would be more meaningful signals.
Price Chart
Executive Summary
Two CRDO insiders—the Chief Legal Officer and Chief Technology Officer—sold an aggregate of $2.66M in open-market transactions over two days, following the company's Q4 FY2026 earnings release on June 1. While the $38.2B market cap makes this net selling activity quantitatively trivial (0.007% of market cap), the cluster's timing immediately after earnings raises the possibility of liquidity-driven sales rather than an informed negative signal.
Key Financial Metrics
Key Facts
- 2 insiders sold a total of $2.66M in open-market transactions over a 2-day window (June 3–4, 2026).
- CLO James Laufman sold 5,000 shares at $222.81 for $1.11M.
- CTO Chi Fung Cheng sold 7,259 shares at $212.31 for $1.54M.
- Total insider selling represents ~0.007% of CRDO's $38.2B market cap.
- Sales occurred 2–3 days after the company reported Q4 FY2026 results (June 1 8-K).
- Insider selling is predominantly liquidity/vesting-driven; per academic literature, cluster sales are not more informative than non-cluster sales.
Financial Impact
Total insider selling of $2.66M, representing 0.007% of market cap — routine by proportionality standards.
Risk Factors
- Insider sales are routine and not informative; no material risk identified from this filing alone.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-CRDO-1780948662548 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 22, 2026 5d ago | Insider Cluster | $147.29 | awaiting T+20 | — | $147.29 (+0.00%) |
Oct 21, 2026 5d ago | Insider Cluster | $162.77 | awaiting T+20 | — | $147.29 (−9.51%) |
Oct 14, 2026 12d ago | Insider Cluster | $178.50 | awaiting T+20 | — | $147.29 (+17.48%) |
Oct 13, 2026 13d ago | 144 | $179.23 | awaiting T+20 | — | $147.29 (−17.82%) |
Oct 13, 2026 13d ago | 144 | $198.31 | awaiting T+20 | — | $147.29 (−25.73%) |
Oct 13, 2026 14d ago | Insider Cluster | $179.23 | awaiting T+20 | — | $147.29 (+17.82%) |
Oct 8, 2026 18d ago | 144 | $216.55 | awaiting T+20 | — | $147.29 (−31.98%) |
Oct 5, 2026 21d ago | Insider Cluster | $220.83 | awaiting T+20 | — | $147.29 (+33.30%) |
Oct 1, 2026 25d ago | Insider Cluster | $218.64 | awaiting T+20 | — | $147.29 (−32.63%) |
Oct 1, 2026 25d ago | Insider Cluster | $218.64 | awaiting T+20 | — | $147.29 (+32.63%) |
US Market Status
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