Circle Internet Group (CRCL) director sells 35K shares after conversions
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Circle Internet Group director Neville Patrick Sean reported option exercises, share conversions and sales on March 2, 2026. He exercised a stock option for 30,000 shares at $0 and converted 35,000 shares of Class B common stock into Class A common stock on a one-for-one basis.
He then sold 30,000 Class A shares held directly and 5,000 Class A shares held through the Neville 2025 Qualified Annuity Trust at $90 per share under a Rule 10b5-1 trading plan, totaling 35,000 shares sold. Footnotes state that certain Class A and Class B shares are held through irrevocable grantor trusts, and he disclaims beneficial ownership beyond his pecuniary interest. Class B shares are convertible into Class A and do not expire, and the reported stock options are fully vested.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 35,000 shares ($3,150,000)
Net Sell
9 txns
Insider
Neville Patrick Sean
Role
Director
Sold
35,000 shs ($3.15M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) | 30,000 | $0.00 | -- |
| Exercise | Class B Common Stock | 30,000 | $0.00 | -- |
| Conversion | Class B Common Stock | 30,000 | $0.00 | -- |
| Conversion | Class B Common Stock | 5,000 | $0.00 | -- |
| Conversion | Class A Common Stock | 30,000 | $0.00 | -- |
| Sale | Class A Common Stock | 30,000 | $90.00 | $2.70M |
| Conversion | Class A Common Stock | 5,000 | $0.00 | -- |
| Sale | Class A Common Stock | 5,000 | $90.00 | $450K |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 1,969,073 shares (Direct);
Class B Common Stock — 2,396,356 shares (Direct);
Class B Common Stock — 152,842 shares (Indirect, By Neville 2025 Qualified Annuity Trust);
Class A Common Stock — 30,000 shares (Direct);
Class A Common Stock — 5,000 shares (Indirect, By Neville 2025 Qualified Annuity Trust)
Footnotes (1)
- 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. On March 2, 2026, the Reporting Person converted 30,000 shares of Class B common stock into Class A common stock to facilitate a sale pursuant to a 10b5-1 trading plan. 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 a beneficiary. The Reporting Person is entitled to annuity payments from the trust, with any remaining assets to be distributed to the Calico Trust, of which the Reporting Person's child is the beneficiary. The Reporting Person disclaims beneficial ownership of the shares of Class B common stock except to the extent of his pecuniary interest therein. On March 2, 2026, the Reporting Person converted 5,000 shares of Class B common stock into Class A common stock to facilitate a sale pursuant to a 10b5-1 trading plan. Represents shares of Class A Common stock held through an irrevocable grantor trust, of which the Reporting Person's wife, daughter and brother-in-law are trustees and the Reporting Person's children are beneficiaries. The Reporting Person disclaims beneficial ownership of the shares of Class A Common Stock except to the extent of his pecuniary interest therein. The options are fully vested.
FAQ
What insider transactions did CRCL director Neville Patrick Sean report?
Neville Patrick Sean reported exercising options and converting Class B shares into Class A, then selling 35,000 Class A shares at $90 each. The activity combined derivative exercises, share conversions and open-market sales executed under a Rule 10b5-1 trading plan on March 2, 2026.
What derivative transactions did Neville Patrick Sean execute in this CRCL Form 4?
He exercised a stock option for 30,000 shares at an exercise price of $0 and converted 35,000 Class B shares into Class A shares. The conversions occurred on a one-for-one basis and were used to facilitate subsequent sales of Class A shares under a Rule 10b5-1 plan.
What role do trusts play in Neville Patrick Sean’s CRCL holdings?
Some Class A and Class B shares are held through irrevocable grantor trusts, including the Neville 2025 Qualified Annuity Trust and the Calico Trust. He is entitled to annuity payments or has family beneficiaries and disclaims beneficial ownership beyond his pecuniary interest in those trust-held shares.
Were the Circle Internet Group (CRCL) insider sales pre-planned?
Yes. The filing states that conversions of 30,000 and 5,000 Class B shares into Class A were made to facilitate sales under a Rule 10b5-1 trading plan. Such plans allow pre-scheduled transactions, helping separate trading decisions from day-to-day information.