Circle Internet (CRCL) director shifts shares to family trust
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Circle Internet Group director Bradley Horowitz reported a small internal restructuring of his holdings in Class A common stock. An affiliated fund, Accel XI Strategic Partners L.P., made a pro-rata in-kind distribution of shares to its limited partners, including the Dharma Revocable Living Trust, without additional consideration. Following this, the trust holds 902 shares indirectly, while Horowitz’s direct position consists of 13,049 shares plus 11,624 shares issuable upon vesting of restricted stock units. The activity reflects a redistribution among affiliated entities rather than an open-market purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Horowitz Bradley
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Class A Common Stock | 88 | $0.00 | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 902 shares (Indirect, By Dharma Revocable Living Trust);
Class A Common Stock — 24,673 shares (Direct)
Footnotes (1)
- Represents a pro-rata in kind distribution of shares of the Issuer's Class A common stock by Accel XI Strategic Partners L.P. to its limited partners, including the Reporting Person's affiliated entity, the Dharma Revocable Living Trust without additional consideration. Represents shares of Class A common stock held through a revocable grantor living trust of which the Reporting Person and his spouse are co-trustees and co-beneficiaries. The Reporting Person disclaims beneficial ownership of the shares of Class A common stock except to the extent of his pecuniary interest therein. Represents 13,049 shares of Class A common stock held outright by the Reporting Person and 11,624 shares of Class A common stock issuable upon the vesting of restricted stock units.
FAQ
What did Circle Internet Group (CRCL) director Bradley Horowitz report in this Form 4?
Bradley Horowitz reported an internal restructuring of Class A common stock holdings. An affiliated fund distributed shares in kind to limited partners, including his Dharma Revocable Living Trust, rather than any open-market buying or selling of Circle Internet Group shares.
What does the Form 4 say about Bradley Horowitz’s beneficial ownership of Circle Internet (CRCL) shares held in the trust?
The filing states the shares are held through a revocable grantor living trust, with Horowitz and his spouse as co-trustees and co-beneficiaries. It adds that Horowitz disclaims beneficial ownership except to the extent of his pecuniary interest in those shares.
How is the restructuring transaction in Circle Internet (CRCL) classified in the Form 4 data?
The transaction is coded J, described as an “Other acquisition or disposition”, and categorized as a restructuring. The summary data records 88 shares involved in this restructuring, with no buy or sell transactions reported in this filing.