[Form 4] Circle Internet Group, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Circle Internet Group, Inc. (CRCL) director Rajeev V. Date reported several transactions in the company’s Class A common stock. On 11/17/2025, an affiliated entity, FS Venture Capital L.L.C., sold 36,400 shares at a weighted average price of $75.62 per share in multiple trades. On 11/18/2025, FS Venture Capital L.L.C. made a pro-rata in-kind distribution of 157,662 shares of Class A common stock to its limited partners without additional consideration. On 11/19/2025, FS Venture Capital L.L.C. sold 1 share at $67.80, leaving it with no reported remaining shares.

After these transactions, Rajeev V. Date reported indirect holdings of 127,247 shares through Fenway Summer Ventures LP and 17,000 shares via the Fenway Summer Charitable Remainder Trust. He also reported 185,582 shares held outright, including 7,060 shares issuable upon vesting of restricted stock units, and disclaimed beneficial ownership beyond his pecuniary interest.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Date Rajeev V

(Last) (First) (Middle)

C/O CIRCLE INTERNET GROUP, INC.

ONE WORLD TRADE CENTER, 87TH FLOOR

(Street)

NEW YORK NY 10007

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Circle Internet Group, Inc. [ CRCL ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
11/17/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	11/17/2025		S		36,400	D	$75.62(1)	157,663	I	By FS Venture Capital L.L.C.(2)
Class A Common Stock	11/18/2025		J(3)		157,662	D	(3)	1	I	By FS Venture Capital L.L.C.(2)
Class A Common Stock	11/19/2025		S		1	D	$67.8	0	I	By FS Venture Capital L.L.C.(4)
Class A Common Stock								127,247	I	By Fenway Summer Ventures LP(2)
Class A Common Stock								17,000	I	By Fenway Summer Charitable Remainder Trust(5)
Class A Common Stock								185,582(6)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. These shares were sold in multiple transactions at prices ranging from $75.43 to $76.15, inclusive. The weighted average sale price was $75.62. The Reporting Person undertakes to provide to the Securities and Exchange Commission staff, the issuer, or a security holder of the issuer, upon request, full information regarding the number of shares sold at each separate price within the range.

2. The Reporting Person is the Managing Member of FS Venture Capital LLC, and the Managing Member of Fenway Summer Investment Management LLC, which is the Manager of Fenway Summer Ventures LP. The Reporting Person has controlling voting and dispositive power with regard to the shares of Class A common stock held by such entities. The Reporting Person disclaims beneficial ownership of the shares Class A common stock except to the extent of his pecuniary interest therein.

3. Represents a pro-rata in kind distribution of shares of the Issuer's Class A common stock by FS Venture Capital L.L.C. to its limited partners without additional consideration.

4. The Reporting Person is the Managing Member of FS Venture Capital LLC, and the Managing Member of Fenway Summer Investment Management LLC, which is the Manager of Fenway Summer Ventures LP. The Reporting Person has controlling voting and dispositive power with regard to the shares of Class A Common Stock held by such entities. The Reporting Person disclaims beneficial ownership of the shares Class A Common Stock except to the extent of his pecuniary interest therein.

5. The Reporting Person is the sole trustee of the Fenway Summer Charitable Remainder Trust and The Alzheimer's Association is the residual beneficiary of the Fenway Summer Charitable Remainder Trust. The Reporting Person disclaims beneficial ownership of the shares except to the extent of his pecuniary interest therein.

6. Represents 178,522 shares of Class A common stock held outright by the Reporting Person and 7,060 shares of Class A common stock issuable upon the vesting of restricted stock units.

Remarks:

The Fenway Summer Charitable Remainder Trust has previously made contributions to beneficiaries that include the Kennedy Center and the American Heart Association, but under the relevant trust documents, the residual beneficiary is The Alzheimer's Association.

	Sarah K. Wilson, as Attorney-in-Fact for Rajeev V. Date	11/19/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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FAQ

What insider transactions did Circle Internet Group (CRCL) report for Rajeev V. Date?

The filing reports that Rajeev V. Date, a director of Circle Internet Group, Inc. (CRCL), had affiliated entity FS Venture Capital L.L.C. sell 36,400 shares on 11/17/2025, make a 157,662-share in-kind distribution on 11/18/2025, and sell 1 share on 11/19/2025.

At what price were Circle Internet (CRCL) shares sold in the reported transactions?

On 11/17/2025, FS Venture Capital L.L.C. sold 36,400 shares in multiple trades at prices ranging from $75.43 to $76.15, with a weighted average of $75.62 per share. On 11/19/2025, it sold 1 share at $67.80.

What was the 157,662-share transaction reported for CRCL on 11/18/2025?

The 157,662 shares of Circle Internet Group Class A common stock reported on 11/18/2025 represent a pro-rata in-kind distribution by FS Venture Capital L.L.C. to its limited partners, made without additional consideration.

How many Circle Internet (CRCL) shares does Rajeev V. Date report owning directly and indirectly?

The filing shows 127,247 shares held indirectly through Fenway Summer Ventures LP and 17,000 shares through the Fenway Summer Charitable Remainder Trust. It also reports 185,582 shares held outright by Rajeev V. Date, including 7,060 shares issuable upon vesting of restricted stock units.

What is Rajeev V. Date’s relationship to Circle Internet Group (CRCL)?

Rajeev V. Date is reported as a director of Circle Internet Group, Inc. (CRCL). The Form 4 indicates the filing is by one reporting person and that his holdings are primarily through affiliated investment entities and a charitable remainder trust.

What is the role of the Fenway Summer Charitable Remainder Trust in the CRCL holdings?

The Fenway Summer Charitable Remainder Trust holds 17,000 shares of Circle Internet Group Class A common stock. Rajeev V. Date is the sole trustee, and the trust’s residual beneficiary is The Alzheimer's Association. The filing notes that the reporting person disclaims beneficial ownership beyond his pecuniary interest.