The CEO's concentrated $2.9M open-market sale without a 10b5-1 plan is a modest bearish signal. Monitor for any subsequent 8-K filings or earnings pre-announcements that could explain the timing. The CTO's smaller sale is likely routine.
Price Chart
Executive Summary
CEO William Brennan and CTO Chi Fung Cheng sold a combined ~$345K in open-market sales over a 7-day window. The CEO's 11 trades on a single day (Oct 19) totaling ~$2.9M are the dominant signal, while the CTO's single $82K sale is minor. The CEO's concentrated selling pattern without a disclosed 10b5-1 plan is notable, but the total dollar value is ~0.1% of CRDO's ~$3.5B market cap, falling at the low end of the modest range.
Key Financial Metrics
Key Facts
- CEO William Brennan sold ~$2.9M in open-market sales on Oct 19 across 11 trades at prices ranging from $170.39 to $180.40.
- CTO Chi Fung Cheng sold $82K in open-market sales on Oct 20 at $164.58.
- Total insider sales of ~$3.0M represent approximately 0.1% of CRDO's market cap.
- No 10b5-1 plan is indicated for any of the trades.
- The CEO's sales are concentrated on a single day, not spread across the window, which is inconsistent with a routine diversification pattern.
Financial Impact
Total insider sales of ~$3.0M, representing ~0.1% of market cap.
Risk Factors
- CEO selling without a disclosed plan may signal a lack of confidence in near-term prospects.
- The cluster is small relative to market cap, limiting its predictive power.
- Historical bearish calls on CRDO have been correct on average, but the small size of this cluster reduces conviction.
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-CRDO-1792738050763 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 22, 2026 4d ago | Insider Cluster | $147.29 | awaiting T+20 | — | $151.15 (−2.62%) |
Oct 21, 2026 5d ago | Insider Cluster | $162.77 | awaiting T+20 | — | $151.15 (−7.14%) |
Oct 14, 2026 12d ago | Insider Cluster | $178.50 | awaiting T+20 | — | $151.15 (+15.32%) |
Oct 13, 2026 13d ago | 144 | $179.23 | awaiting T+20 | — | $151.15 (−15.66%) |
Oct 13, 2026 13d ago | 144 | $198.31 | awaiting T+20 | — | $151.15 (−23.78%) |
Oct 13, 2026 13d ago | Insider Cluster | $179.23 | awaiting T+20 | — | $151.15 (+15.66%) |
Oct 8, 2026 18d ago | 144 | $216.55 | awaiting T+20 | — | $151.15 (−30.20%) |
Oct 5, 2026 21d ago | Insider Cluster | $220.83 | awaiting T+20 | — | $151.15 (+31.55%) |
Oct 1, 2026 25d ago | Insider Cluster | $218.64 | awaiting T+20 | — | $151.15 (−30.87%) |
Oct 1, 2026 25d ago | Insider Cluster | $218.64 | awaiting T+20 | — | $151.15 (+30.87%) |
US Market Status
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