AI Data Center Beneficiary 'CRDO'... CEO and CTO Liquidate Cash While Retaining Significant Stake

Credo Technology Group Holding Ltd (NASDAQ: CRDO) Chief Technology Officer Cheng Chi Fung sold tens of thousands of common shares on January 22 and 29, 2026, under a pre-established Rule 10b5-1 trading plan through a family trust, netting approximately $9 million (around KRW 120 billion). He still holds about 6.3 million shares—worth several hundred billion won personally and several trillion won in the trust. On January 29, CEO William Joseph Brennan also sold roughly 70,000 shares via his personal account and the family trust, converting about $9.6 million (around KRW 120 billion) to cash. Even after these sales, his remaining holdings—both personally and in the trust—are valued at several hundred billion won and several trillion won respectively, indicating that management’s effective ownership remains substantial.

The company recently issued preliminary third-quarter fiscal 2026 revenue guidance of $404 million to $480 million, well above the prior top-end estimate of $345 million, and projects year-over-year growth exceeding 200 percent. In response, U.S. brokerage Needham reaffirmed its Buy rating on Credo with a $220 target price. Credo is also expanding its AI and high-speed connectivity solutions portfolio with products such as a 224 Gbps AI scale-up retimer and a patent-license agreement with 3M.

Credo is a semiconductor firm providing high-speed, low-power connectivity solutions for AI data centers, cloud and hyperscale networks. It supplies active electrical cables for Ethernet and PCIe, along with DSPs and SerDes-based integrated circuits, primarily across the U.S. and Asia. CEO William Joseph Brennan and CTO Cheng Chi Fung have been key executives driving steady post-IPO revenue growth. According to public filings, these recent share sales were executed under a long-term, staggered Rule 10b5-1 plan and do not materially alter the company’s governance or control.