Circle Internet Group (CRCL) CFO sells shares after exercising options
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Circle Internet Group, Inc. Chief Financial Officer Jeremy Fox-Geen reported an option exercise, related tax withholding, and open‑market sales of Class A common stock. On May 1, he exercised stock options for 7,200 shares at $10.11 per share and sold the same 7,200 shares at $92.64 per share, while 3,877 shares were withheld to cover tax obligations upon restricted stock unit vesting. On May 4, he sold an additional 4,238 shares at $107.10 per share. A footnote states that one reported sale was made pursuant to a Rule 10b5-1 trading plan. Following these transactions, his reported position consists of 39,564 shares held outright and 316,047 shares underlying restricted stock units.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 11,438 shares ($1,120,898)
Net Sell
5 txns
Insider
Fox-Geen Jeremy
Role
Chief Financial Officer
Sold
11,438 shs ($1.12M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 4,238 | $107.10 | $454K |
| Exercise | Stock Option (Right to Buy) | 7,200 | $0.00 | -- |
| Exercise | Class A Common Stock | 7,200 | $10.11 | $73K |
| Sale | Class A Common Stock | 7,200 | $92.64 | $667K |
| Tax Withholding | Class A Common Stock | 3,877 | $90.88 | $352K |
Holdings After Transaction:
Class A Common Stock — 355,611 shares (Direct, null);
Stock Option (Right to Buy) — 1,145,606 shares (Direct, null)
Footnotes (1)
- The reported sale was made pursuant to a 10b5-1 trading plan. The shares of Class A common stock were withheld to satisfy the Reporting Person's tax withholding obligation upon the vesting of restricted stock units. Represents 39,564 shares of Class A common stock held outright by the reporting person and 316,047 shares of Class A common stock issuable upon the vesting of 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 (May 4): 4,238 shares at $107.10
Exercise-and-sell block: 7,200 shares at $10.11 exercised; sold at $92.64
Tax withholding shares: 3,877 shares at $90.88
+2 more
5 metrics
Shares sold (May 4)
4,238 shares at $107.10
Open-market sale of Class A Common Stock
Exercise-and-sell block
7,200 shares at $10.11 exercised; sold at $92.64
Option exercise and same-day sale on May 1
Tax withholding shares
3,877 shares at $90.88
Shares withheld for RSU tax obligations
Post-transaction holdings
355,611 shares
39,564 held outright; 316,047 RSUs after transactions
Remaining option position line
1,145,606 options
Stock Option (Right to Buy) after 7,200-share exercise
Key Terms
Rule 10b5-1 trading plan, restricted stock units, tax withholding obligation, Stock Option (Right to Buy), +1 more
5 terms
Rule 10b5-1 trading plan financial
"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
"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.
tax withholding obligation financial
"were withheld to satisfy the Reporting Person's tax withholding obligation"
Stock Option (Right to Buy) financial
"security_title": "Stock Option (Right to Buy)""
derivative exercise/conversion financial
"transaction_action": "derivative exercise/conversion""
FAQ
What insider transactions did Circle Internet Group (CRCL) disclose?
Circle Internet Group’s CFO reported option exercises, tax withholding, and open-market sales of Class A common stock. The filing shows 7,200 options exercised, related share withholding for taxes, and multiple stock sales completed over two trading days.
What stock options did the Circle (CRCL) CFO exercise in this filing?
He exercised stock options covering 7,200 shares of Class A common stock at a $10.11 exercise price. The derivative line describes a stock option expiring in 2031, with the exercised options converting into the same number of common shares.
Did the Circle (CRCL) CFO use a Rule 10b5-1 trading plan?
A footnote states that one of the reported sales was made pursuant to a Rule 10b5‑1 trading plan. Such plans pre‑schedule trades in advance, indicating that at least part of the selling activity followed a pre‑arranged trading program.
What is the Circle Internet Group (CRCL) CFO’s position after these trades?
After the reported transactions, the CFO’s position includes 39,564 shares of Class A common stock held outright and 316,047 shares subject to restricted stock units. These figures together total 355,611 shares reported in his post‑transaction holdings.