Circle Internet (CRCL) officer sells 10K shares and exercises 10K options
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Circle Internet Group, Inc. Chief Product & Technology Officer Nikhil Chandhok exercised stock options and sold shares of Class A common stock. On the same date, he exercised options for 10,000 shares at $25.81 per share and then sold 10,000 shares in an open-market transaction at $104.00 per share.
The sale was made under a Rule 10b5-1 trading plan. After these transactions, he directly holds 536,561 shares of Class A common stock, consisting of 218,089 shares held outright and 318,472 shares subject to outstanding restricted stock units, plus 1,109,677 stock options remaining outstanding under the reported award’s vesting schedule.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 10,000 shares ($1,040,000)
Net Sell
3 txns
Insider
Chandhok Nikhil
Role
Chief Product & Tech. Officer
Sold
10,000 shs ($1.04M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) | 10,000 | $0.00 | -- |
| Exercise | Class A Common Stock | 10,000 | $25.81 | $258K |
| Sale | Class A Common Stock | 10,000 | $104.00 | $1.04M |
Holdings After Transaction:
Stock Option (Right to Buy) — 1,109,677 shares (Direct, null);
Class A Common Stock — 546,561 shares (Direct, null)
Footnotes (1)
- The reported sale was made pursuant to a 10b5-1 trading plan. Represents 218,089 shares of Class A common stock held outright by the reporting person and 318,472 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: 10,000 shares
Sale price per share: $104.00/share
Options exercised: 10,000 shares
+5 more
8 metrics
Shares sold
10,000 shares
Class A Common Stock sold in open market at $104.00
Sale price per share
$104.00/share
Open-market sale of Class A Common Stock
Options exercised
10,000 shares
Stock options exercised into Class A Common Stock
Option exercise price
$25.81/share
Exercise price of Stock Option (Right to Buy)
Post-transaction share holdings
536,561 shares
Direct Class A holdings after sale and exercise
Outright shares held
218,089 shares
Class A common stock held outright by reporting person
RSU-linked shares
318,472 shares
Class A shares subject to outstanding restricted stock units
Remaining stock options
1,109,677 options
Stock Option (Right to Buy) remaining after 10,000-share exercise
Key Terms
Rule 10b5-1 trading plan, restricted stock units, Stock Option (Right to Buy), vesting commencement date, +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
"and 318,472 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
"security_title: "Stock Option (Right to Buy)""
vesting commencement date financial
"vested upon the one-year anniversary following the vesting commencement date and the remaining portion vest"
The vesting commencement date is the starting point when an employee begins earning ownership rights to their promised benefits, such as stock options or retirement contributions. Think of it like the day a savings account is opened—only after this date do the benefits start to grow and become fully available over time. It matters to investors because it marks when the clock begins ticking toward full ownership, affecting the timing and value of these benefits.
successive equal monthly installments financial
"the remaining portion vest in 36 successive equal monthly installments thereafter"
FAQ
What insider transaction did CRCL executive Nikhil Chandhok report?
Nikhil Chandhok reported exercising options for 10,000 Circle Internet Group Class A shares and selling 10,000 shares in an open-market trade at $104.00 per share. The actions occurred on the same date and were disclosed in a Form 4 filing.
What stock options did the CRCL executive exercise in this Form 4?
He exercised stock options covering 10,000 shares of Class A common stock at an exercise price of $25.81 per share. These options are part of an award that vests over time, with quarterly and monthly vesting conditions based on continued service.
What option holdings remain for the Circle Internet (CRCL) officer after this filing?
After exercising 10,000 options, the derivative holdings line shows 1,109,677 stock options remaining. These options relate to Class A common stock and continue to vest over time, subject to his ongoing service with Circle Internet Group.