Circle Internet Group (CRCL) CEO details insider stock unit conversions
Rhea-AI Filing Summary
Circle Internet Group’s Chairman and CEO, who is also a director, reported equity transactions dated 01/02/2026. Several restricted stock unit awards were converted into Class A common stock, with 1,634, 2,434, 6,742 and 72,208 shares of Class A underlying these units, all at an exercise price of $0. Shares of Class B common stock were also converted into 83,018 shares of Class A and 44,140 shares of Class A were withheld at $79.3 per share to satisfy tax obligations.
Following these transactions, the reporting person directly holds 70,517 shares of Class A common stock and indirect Class A holdings through multiple irrevocable trusts, each holding about 66,700 shares, for the benefit of family members. The person also holds substantial Class B common stock, which is convertible into Class A on a one-for-one basis and in part is held through a grantor annuity trust, with certain beneficial ownership disclaimed as described in the footnotes.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,634 | $0.00 | -- |
| Exercise | Restricted Stock Units | 2,434 | $0.00 | -- |
| Exercise | Restricted Stock Units | 6,742 | $0.00 | -- |
| Exercise | Restricted Stock Units | 72,208 | $0.00 | -- |
| Exercise | Class B Common Stock | 83,018 | $0.00 | -- |
| Tax Withholding | Class B Common Stock | 44,140 | $79.30 | $3.50M |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Footnotes (1)
- Represents shares of Class A common stock held through an irrevocable non-grantor trust, of which the Reporting Person's legal counsel is the sole trustee and the Reporting Person's child is the beneficiary. The Reporting Person disclaims beneficial ownership of the shares of Class A common stock. Each restricted stock unit represents a contingent right to receive one share of Class B common stock. The restricted stock units are fully vested. The restricted stock units vest in substantially equal monthly installments from July 1, 2025 through January 1, 2027, in each case, subject to the Reporting Person's continued service relationship with Circle Internet Group, Inc. through each applicable vesting date. The restricted stock units vest in substantially equal monthly installments from July 1, 2025 through January 1, 2028, in each case, subject to the Reporting Person's continued service relationship with Circle Internet Group, Inc. through each applicable vesting date. 1/4 of the shares subject to the restricted stock units vest on January 1, 2026 and the remaining portion vest in 36 substantially equal monthly installments thereafter, in each case, subject to the Reporting Person's continued service relationship with Circle Internet Group, Inc. through each applicable vesting date. 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. In addition, each share of Class B common stock will convert automatically into Class A common stock on a one-for-one basis upon any transfer of such share, except for certain permitted transfers described in the Issuer's Amended and Restated Certificate of Incorporation. Shares of Class B common stock do not expire. The shares of Class B common stock were withheld to satisfy the Reporting Person's tax withholding obligation upon the vesting of restricted stock units. Represents shares of Class B common stock held through an irrevocable grantor trust, of which the Reporting Person is the sole trustee and the Reporting Person is beneficiary. The Reporting Person is entitled to annuity payments from the trust, with any remaining assets to be distributed to the Allaire 2025 GRAT Remainder Trust, of which the Reporting Person's children are beneficiaries. The Reporting Person disclaims beneficial ownership of the shares of Class B common stock except to the extent of his pecuniary interest therein.
FAQ
What insider activity did Circle Internet Group (CRCL) report on 01/02/2026?
The Chairman and CEO reported multiple conversions of restricted stock units into Class A common stock and related tax withholding transactions on 01/02/2026.
What restricted stock unit conversions were disclosed by Circle Internet Group (CRCL)?
Restricted stock units convertible into 1,634, 2,434, 6,742 and 72,208 shares of Class A common stock were reported as converted at an exercise price of $0.
How are trusts involved in the Circle Internet Group (CRCL) insider’s holdings?
The reporting person has indirect ownership of Class A and Class B shares through several irrevocable trusts for the benefit of children and a grantor annuity trust, with certain beneficial ownership expressly disclaimed.