The CTO's concentrated single-day sale of ~$4.48M without a 10b5-1 plan warrants monitoring for any subsequent negative disclosures (e.g., earnings miss, guidance cut). However, the CEO's smaller sale on a different date and the lack of a broader insider selling wave reduce the signal. Watch for any Form 4 amendments or 8-K filings in the next 30 days.
Price Chart
Executive Summary
Credo Technology Group CTO Chi Fung Cheng sold ~27,500 shares for ~$4.48M in open-market transactions on September 11, 2026, while CEO William Brennan sold 4,000 shares for ~$599K on September 14. The CTO's sales are large in absolute dollar terms but represent a tiny fraction of the company's market cap (~$326M), making them routine diversification. No 10b5-1 plan is indicated, but the pattern of multiple same-day sales suggests planned liquidity rather than a material negative signal.
Key Financial Metrics
Key Facts
- CTO Chi Fung Cheng sold 27,500 shares in four open-market trades on September 11, 2026, totaling ~$4.48M at prices between $160.99 and $163.88.
- CEO William Brennan sold 4,000 shares on September 14, 2026, at $150.39, totaling ~$599K.
- Total insider sales of ~$5.08M represent ~1.6% of the company's ~$326M market cap — modest but notable.
- No 10b5-1 trading plan is indicated for either insider's sales.
- The CTO's sales are clustered on a single day, suggesting a planned liquidity event rather than a reaction to specific negative news.
Financial Impact
Total insider sales of ~$5.08M, or ~1.6% of market cap. The CTO's ~$4.48M sale is the dominant component.
Risk Factors
- Insider sales without a 10b5-1 plan can precede negative news, though the CTO's role (not CEO/CFO) reduces the information asymmetry risk.
- The company's small market cap (~$326M) means even modest sales can appear proportionally large, but the absolute dollar amounts are not alarming for a public company.
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-CRDO-1789592269260 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 22, 2026 6d ago | Insider Cluster | $147.29 | awaiting T+20 | awaiting T+20 | $167.43 (−13.67%) |
Oct 21, 2026 6d ago | Insider Cluster | $162.77 | awaiting T+20 | awaiting T+20 | $167.43 (+2.86%) |
Oct 14, 2026 13d ago | Insider Cluster | $178.50 | awaiting T+20 | awaiting T+20 | $167.43 (+6.20%) |
Oct 13, 2026 14d ago | 144 | $179.23 | awaiting T+20 | awaiting T+20 | $167.43 (−6.58%) |
Oct 13, 2026 14d ago | 144 | $198.31 | awaiting T+20 | awaiting T+20 | $167.43 (−15.57%) |
Oct 13, 2026 15d ago | Insider Cluster | $179.23 | awaiting T+20 | awaiting T+20 | $167.43 (+6.58%) |
Oct 8, 2026 19d ago | 144 | $216.55 | awaiting T+20 | awaiting T+20 | $167.43 (−22.68%) |
Oct 5, 2026 22d ago | Insider Cluster | $220.83 | awaiting T+20 | awaiting T+20 | $167.43 (+24.18%) |
Oct 1, 2026 26d ago | Insider Cluster | $218.64 | awaiting T+20 | awaiting T+20 | $167.43 (−23.42%) |
Oct 1, 2026 26d ago | Insider Cluster | $218.64 | awaiting T+20 | awaiting T+20 | $167.43 (+23.42%) |
US Market Status
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