Circle Internet (CRCL) director details trust transfer and RSU-based stake
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Circle Internet Group director Bradley Horowitz reported his current equity position in Class A common stock. Following the filing, he holds 24,673 shares tied to his direct ownership and restricted stock units, and an affiliated trust holds 1,006 shares.
The filing notes a pro-rata in kind distribution of 45 shares to the Dharma Revocable Living Trust from Accel XI Strategic Partners L.P., described as an internal restructuring rather than a market trade. The trust is a revocable grantor living trust where Horowitz and his spouse are co-trustees and co-beneficiaries, and he disclaims beneficial ownership of those shares except for his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Horowitz Bradley
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Class A Common Stock | 45 | $0.00 | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 1,006 shares (Indirect, By Dharma Revocable Living Trust);
Class A Common Stock — 24,673 shares (Direct, null)
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.
Key Figures
Direct and RSU-linked shares: 24,673 shares
Outright shares held: 13,049 shares
Restricted stock units: 11,624 shares
+2 more
5 metrics
Direct and RSU-linked shares
24,673 shares
Class A common stock and RSUs tied to Horowitz after transactions
Outright shares held
13,049 shares
Class A common stock held outright by Horowitz per footnote
Restricted stock units
11,624 shares
Class A shares issuable upon vesting of restricted stock units
Trust distribution
45 shares
Pro-rata in kind distribution to Dharma Revocable Living Trust
Trust holdings after transaction
1,006 shares
Class A common stock held by Dharma Revocable Living Trust
Key Terms
pro-rata in kind distribution, revocable grantor living trust, restricted stock units, pecuniary interest
4 terms
pro-rata in kind distribution financial
"Represents a pro-rata in kind distribution of shares of the Issuer's Class A common stock"
revocable grantor living trust financial
"held through a revocable grantor living trust of which the Reporting Person and his spouse are co-trustees"
restricted stock units financial
"11,624 shares of Class A common stock issuable upon the vesting of restricted stock units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
pecuniary interest financial
"disclaims beneficial ownership of the shares of Class A common stock except to the extent of his pecuniary interest therein"
FAQ
What insider activity did CRCL director Bradley Horowitz report in this Form 4?
Bradley Horowitz reported his updated Class A common stock holdings, including 24,673 shares tied to direct ownership and restricted stock units, plus 1,006 shares held through the Dharma Revocable Living Trust after an internal pro-rata in kind distribution of 45 shares.
What is the Dharma Revocable Living Trust’s Circle Internet (CRCL) position?
After the reported transaction, the Dharma Revocable Living Trust holds 1,006 Class A common shares. This includes a 45‑share pro-rata in kind distribution from Accel XI Strategic Partners L.P., with Horowitz and his spouse serving as co-trustees and co-beneficiaries of the trust.
What are the restricted stock units mentioned in Bradley Horowitz’s CRCL filing?
The filing notes 11,624 Class A shares issuable upon vesting of restricted stock units. These RSUs represent equity awards that convert into shares over time as vesting conditions are met, contributing to Horowitz’s overall reported direct equity exposure in the company.