Credo's CTO Sold 31,290 Shares. His Remaining $1.6 Billion Stake Tells the Real Story

Credo Technology's CTO Cheng Chi Fung sold 31,290 shares for $7.7 million in July 2026 under a pre-arranged Rule 10b5-1 trading plan. Despite the sale, he retained a substantial $1.56 billion stake (approximately 6 million shares), representing only a 0.52% reduction in his position. The transaction is viewed as insignificant given his continued conviction in the company, which has delivered 177% returns over the past year and achieved record revenue growth exceeding $1.3 billion in fiscal 2026.