The cluster is dominated by the COO's $10.3M sale, which is not part of a routine 10b5-1 pattern based on the data provided. The CTO's multiple same-day sales also lack a plan indication. Monitor for any upcoming earnings pre-announcement or material news that could explain the timing. The absence of any insider buying amplifies the bearish read.
Price Chart
Executive Summary
Three CRDO insiders — the COO, CTO, and Chief Legal Officer — sold a total of ~$12.9M in open-market sales over a 7-day window ending Oct 1, 2026. The COO alone sold $10.3M, representing the bulk of the cluster. No insider purchases were reported. The selling is concentrated at senior executive level and is not offset by any buy-side activity, suggesting a bearish signal from those closest to operations.
Key Financial Metrics
Key Facts
- COO Lam Yat Tung sold 50,000 shares open-market for $10.26M on Oct 1, 2026.
- CTO Cheng Chi Fung sold ~27,500 shares across multiple trades on Sep 29, 2026, totaling ~$5.33M.
- Chief Legal Officer Laufman James sold 5,000 shares for $1.02M on Oct 1, 2026.
- No open-market purchases were reported by any insider during the window.
- Total open-market sales by the three insiders: approximately $16.6M (including CTO's full-day sales).
- The COO also made a non-cash gift of 75,000 shares and a tax-withholding transaction of 3,180 shares on Oct 2.
Financial Impact
Total open-market sales of ~$16.6M represent approximately 0.05% of CRDO's market cap (based on ~$33B market cap at ~$210/share). This is below the 0.1% materiality threshold but is notable due to the concentration in C-suite executives and the absence of any insider buying.
Risk Factors
- Insider sales may be liquidity-driven or part of pre-arranged plans not disclosed in the filing.
- The COO's gift and tax-withholding transactions on Oct 2 could indicate portfolio rebalancing rather than a negative view.
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-CRDO-1791231731928 |
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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