The COO's concentrated one-day sale of ~$20.6M without a 10b5-1 plan is the dominant signal. Monitor for any upcoming earnings pre-announcement or material news that could have prompted the sale. If the stock approaches the COO's sale range (~$205-$208) again, the cluster may cap upside near-term.
Price Chart
Executive Summary
Two CRDO insiders — the COO and CTO — sold a combined $3.99M in open-market shares within a one-week window. The COO also gifted 175,000 shares (non-cash), which does not alter the selling signal. The total sales represent roughly 0.1% of market cap, a modest but notable insider cluster. The COO's sales are concentrated on a single day (Sept 25) and not part of a regular 10b5-1 pattern, suggesting a potential bearish read on near-term valuation.
Key Financial Metrics
Key Facts
- COO Lam Yat Tung sold 100,000 shares in open-market transactions on Sept 25, 2025, totaling ~$20.6M across 7 trades at prices between $205.38 and $207.70.
- COO also gifted 175,000 shares (non-cash) on the same day.
- CTO Cheng Chi Fung sold 6,300 shares on Sept 29 at $193.24, totaling ~$1.22M.
- Total open-market sales by both insiders: ~$21.8M; cluster total including gifts: ~$21.8M (gifts are $0 economic value).
- No 10b5-1 plan indication in the filings — sales appear discretionary.
Financial Impact
Total open-market sales of ~$21.8M represent roughly 0.1% of CRDO's market cap (based on ~$326M market cap from snapshot). This is at the threshold of materiality for a sell cluster.
Risk Factors
- Insider sales may be liquidity-driven (e.g., tax planning, diversification) rather than informational.
- The CTO's smaller sale ($1.22M) may be routine and not part of a coordinated signal.
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-CRDO-1790887792763 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 22, 2026 6d ago | Insider Cluster | $147.29 | awaiting T+20 | — | $151.15 (−2.62%) |
Oct 21, 2026 6d ago | Insider Cluster | $162.77 | awaiting T+20 | — | $151.15 (−7.14%) |
Oct 14, 2026 13d ago | Insider Cluster | $178.50 | awaiting T+20 | — | $151.15 (+15.32%) |
Oct 13, 2026 14d ago | 144 | $179.23 | awaiting T+20 | — | $151.15 (−15.66%) |
Oct 13, 2026 14d ago | 144 | $198.31 | awaiting T+20 | — | $151.15 (−23.78%) |
Oct 13, 2026 15d ago | Insider Cluster | $179.23 | awaiting T+20 | — | $151.15 (+15.66%) |
Oct 8, 2026 19d ago | 144 | $216.55 | awaiting T+20 | — | $151.15 (−30.20%) |
Oct 5, 2026 22d ago | Insider Cluster | $220.83 | awaiting T+20 | — | $151.15 (+31.55%) |
Oct 1, 2026 26d ago | Insider Cluster | $218.64 | awaiting T+20 | — | $151.15 (−30.87%) |
Oct 1, 2026 26d ago | Insider Cluster | $218.64 | awaiting T+20 | — | $151.15 (+30.87%) |
US Market Status
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