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.
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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.
How many Circle Internet (CRCL) shares does Patrick Sean Neville hold indirectly?
Following the reported transactions, Patrick Sean Neville indirectly held 162,842 shares of Class A common stock through the Neville 2025 Qualified Annuity Trust and 33,568 shares of Class A common stock through the Calico Trust, subject to the beneficial ownership disclaimers described.
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.
How are Circle Internet’s Class B shares treated relative to Class A shares in this filing?
The filing states that 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. Class B shares also automatically convert into Class A one-for-one upon most transfers, as described in the company’s Amended and Restated Certificate of Incorporation.
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.
Does Patrick Sean Neville have any disclaimers on his beneficial ownership of CRCL shares?
Yes. For shares held through the Calico Trust and the Neville 2025 Qualified Annuity Trust, he disclaims beneficial ownership of the Class A and Class B common stock except to the extent of his pecuniary interest, and notes that family members serve as trustees or beneficiaries.