Circle Internet (CRCL) CTO pre-plans share sale and option exercise
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Circle Internet Group, Inc. Chief Product & Technology Officer Nikhil Chandhok sold 26,666 shares of Class A common stock in an open-market sale at $83.75 per share, executed under a Rule 10b5-1 trading plan. He also exercised options for 23,333 shares at $25.81 per share and now holds 521,809 shares directly, including 225,733 shares held outright and 296,076 shares subject to restricted stock units.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 26,666 shares ($2,233,278)
Net Sell
3 txns
Insider
Chandhok Nikhil
Role
Chief Product & Tech. Officer
Sold
26,666 shs ($2.23M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) | 23,333 | $0.00 | -- |
| Exercise | Class A Common Stock | 23,333 | $25.81 | $602K |
| Sale | Class A Common Stock | 26,666 | $83.75 | $2.23M |
Holdings After Transaction:
Stock Option (Right to Buy) — 1,076,344 shares (Direct, null);
Class A Common Stock — 548,475 shares (Direct, null)
Footnotes (1)
- The reported sale was made pursuant to a 10b5-1 trading plan. Represents 225,733 shares of Class A common stock held outright by the Reporting Person and 296,076 shares of Class A common stock subject to outstanding restricted stock units. 1/4 of the shares of Class A Common stock subject to the option award vested upon the one-year anniversary following the vesting commencement date and the remaining portion vest in 36 successive equal monthly installments thereafter, in each case, subject to the Reporting Person's continued service relationship with Circle Internet Group, Inc. through each applicable vesting date.
Key Figures
Shares sold: 26,666 shares
Sale price: $83.75 per share
Options exercised: 23,333 shares
+5 more
8 metrics
Shares sold
26,666 shares
Open-market sale of Class A common stock
Sale price
$83.75 per share
Price for 26,666 sold shares
Options exercised
23,333 shares
Stock option exercise into Class A shares
Option exercise price
$25.81 per share
Exercise or conversion price of stock option
Post-transaction holdings
521,809 shares
Direct Class A common stock after transactions
Outright shares
225,733 shares
Class A common stock held outright
RSUs outstanding
296,076 shares
Class A common stock subject to restricted stock units
Option expiration
February 4, 2032
Expiration date of exercised stock option
Key Terms
Rule 10b5-1 trading plan, restricted stock units, Stock Option (Right to Buy), open-market sale, +1 more
5 terms
Rule 10b5-1 trading plan regulatory
"The reported sale was made pursuant to a 10b5-1 trading plan."
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
restricted stock units financial
"296,076 shares of Class A common stock subject to outstanding 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.
Stock Option (Right to Buy) financial
"Stock Option (Right to Buy) listed as a derivative security."
open-market sale financial
"Transaction code S described as an open-market sale."
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
derivative exercise/conversion financial
"Transaction code M described as derivative exercise/conversion."
FAQ
What insider transaction did CRCL executive Nikhil Chandhok report?
Nikhil Chandhok reported an open-market sale of 26,666 Circle Internet Group Class A shares at $83.75 each. On the same date, he exercised stock options for 23,333 shares at an exercise price of $25.81 per share.
What stock options did the CRCL executive exercise in this Form 4?
He exercised stock options covering 23,333 shares of Class A common stock at an exercise price of $25.81 per share. The related derivative entry shows the same 23,333 underlying shares and an option expiration date of February 4, 2032.
What vesting terms apply to the CRCL stock options exercised by the CTO?
The option award vests over four years: one-quarter of the Class A common stock underlying the option vested on the first anniversary of the vesting commencement date, with the remaining shares vesting in 36 equal monthly installments, contingent on continued service with Circle Internet Group.