Circle Internet (CRCL) director reports RSU conversion and trust-held shares
Rhea-AI Filing Summary
Circle Internet Group, Inc. director Patrick Sean Neville reported changes in his holdings following transactions on 01/02/2026. Restricted stock units covering 7,060 shares of Class B common stock, which were fully vested, were converted into 7,060 shares of Class A common stock at a price of $0 per share. After these transactions, he directly held 2,336,356 derivative securities linked to Class B common stock and indirectly held 162,842 shares of Class A common stock through the Neville 2025 Qualified Annuity Trust. An additional 33,568 shares of Class A common stock were held indirectly through the Calico Trust, for which he disclaims beneficial ownership beyond any pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 7,060 | $0.00 | -- |
| Exercise | Class B Common Stock | 7,060 | $0.00 | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Footnotes (1)
- 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 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. 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. 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.
FAQ
What insider activity did Circle Internet Group (CRCL) report on 01/02/2026?
On 01/02/2026, director Patrick Sean Neville reported the conversion of 7,060 restricted stock units into 7,060 shares of Class A common stock at a price of $0 per share, and updated his beneficial ownership positions.
What did the Form 4 disclose about Patrick Sean Neville’s Class B common stock in CRCL?
The filing shows derivative positions tied to Class B common stock, including a transaction where 7,060 restricted stock units relating to Class B common stock were converted into 7,060 shares of Class A common stock at $0 per share. It also notes that each share of Class B common stock is convertible into Class A common stock on a one-for-one basis and does not expire.
What trusts are involved in Patrick Sean Neville’s Circle Internet (CRCL) holdings?
The filing mentions the Calico Trust, which holds 33,568 shares of Class A common stock, and the Neville 2025 Qualified Annuity Trust, which holds 162,842 shares of Class A common stock. Neville disclaims beneficial ownership of these shares except to the extent of his pecuniary interest, as applicable.