Circle Internet Group (CRCL) director updates insider trades after $90 stock sales
Rhea-AI Filing Summary
Circle Internet Group, Inc. director reports amended insider trades involving share conversions and sales under a Rule 10b5-1 trading plan. On December 12, 2025, 30,000 shares of Class B common stock were converted into Class A common stock and then 30,000 Class A shares were sold at $90 per share in a direct transaction. On the same date, 5,000 shares of Class B common stock held through the Neville 2025 Qualified Annuity Trust were converted into 5,000 Class A shares and then sold at $90 per share by that trust.
The filing notes additional Class A shares held indirectly through the Calico Trust and explains that each share of Class B common stock is convertible into Class A on a one-for-one basis, with no expiration. The amendment states that it was filed to correct an inadvertent error in the previously reported total number of securities beneficially owned after these transactions.
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FAQ
What insider transactions did Circle Internet Group (CRCL) report in this amended Form 4?
The report shows that on December 12, 2025, 30,000 shares of Class B common stock were converted into Class A common stock and 30,000 Class A shares were sold at $90 per share in a direct transaction. It also shows a separate conversion and sale of 5,000 Class B shares into 5,000 Class A shares at $90 per share by the Neville 2025 Qualified Annuity Trust.
Who is the reporting person in the Circle Internet Group (CRCL) Form 4/A and what is their role?
The reporting person is Patrick Sean Neville, who is identified as a director of Circle Internet Group, Inc. The form indicates it is filed by one reporting person.
Were the Circle Internet Group (CRCL) insider trades made under a Rule 10b5-1 trading plan?
Yes. The form indicates that the transactions were made pursuant to a contract, instruction or written plan intended to satisfy Rule 10b5-1(c), and the explanations state that the conversions and sales on December 12, 2025 were to facilitate sales pursuant to a 10b5-1 trading plan.
How are the Neville 2025 Qualified Annuity Trust and Calico Trust involved in the CRCL insider holdings?
The Neville 2025 Qualified Annuity Trust holds shares of Class B common stock as an irrevocable grantor trust, where the reporting person is sole trustee and a beneficiary and is entitled to annuity payments. Any remaining assets go to the Calico Trust, which holds Class A common stock for the benefit of the reporting person's child. The reporting person disclaims beneficial ownership of these shares except to the extent of pecuniary interest.
What does the Circle Internet Group (CRCL) Form 4/A amendment change compared to the prior filing?
The remarks section explains that this amended filing corrects an inadvertent error in the previously reported total number of securities beneficially owned following the reported transactions. The underlying transaction dates and prices remain tied to December 12, 2025.
What is the relationship between Circle Internet Group (CRCL) Class A and Class B common stock in this filing?
The filing states that each share of Class B common stock is convertible into Class A common stock on a one-for-one basis at the option of the reporting person, and also converts automatically on most transfers. The Class B shares do not expire.
What derivative securities related to Circle Internet Group (CRCL) are reported in this Form 4/A?
The filing reports a stock option (right to buy) with an exercise price of