Jeremy Allaire of Circle Internet Group (CRCL) logs 59,232-share planned stock sale
Rhea-AI Filing Summary
Circle Internet Group, Inc. Chairman and CEO Jeremy Allaire reported net open‑market sales of 59,232 shares of Class A common stock on June 5. The transactions included sales by irrevocable trusts associated with Allaire and his direct holdings, at individual prices generally in the high‑$70s to high‑$80s per share.
The filing notes that at least some sales were made pursuant to a Rule 10b5‑1 trading plan, indicating they were pre‑scheduled. After these transactions, Allaire continues to hold 562,717 shares of Class A common stock directly, as well as 15,638,729 shares of Class B common stock directly and 296,296 shares of Class B common stock indirectly, each convertible into Class A on a one‑for‑one basis.
Positive
- None.
Negative
- None.
Insights
Planned sales of 59,232 shares look routine relative to Allaire’s large retained stake.
The Form 4 shows Jeremy Allaire reporting net open‑market sales of 59,232 Class A shares across 30 transactions on June 5. Footnotes state that at least one reported sale was made under a Rule 10b5‑1 trading plan, meaning it was pre‑arranged rather than opportunistic.
Several transactions are attributed to irrevocable trusts, including one where Allaire expressly disclaims beneficial ownership and his legal counsel serves as sole trustee. He still holds 562,717 Class A shares directly, plus Class B holdings convertible into 15,935,025 Class A shares. In that context, the net sale appears small versus his overall equity exposure.
The filing does not include derivative exercises or tax‑related dispositions; it is a straightforward sequence of open‑market sales with weighted‑average prices in the roughly $79–$88 range. Subsequent company filings may further clarify any future planned transactions.
Insider Trade Summary 10b5-1
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 4,062 | $79.11 | $321K |
| Sale | Class A Common Stock | 5,691 | $79.93 | $455K |
| Sale | Class A Common Stock | 8,440 | $81.11 | $685K |
| Sale | Class A Common Stock | 8,533 | $81.93 | $699K |
| Sale | Class A Common Stock | 6,705 | $83.07 | $557K |
| Sale | Class A Common Stock | 7,492 | $84.05 | $630K |
| Sale | Class A Common Stock | 4,968 | $84.95 | $422K |
| Sale | Class A Common Stock | 4,874 | $85.97 | $419K |
| Sale | Class A Common Stock | 4,603 | $86.89 | $400K |
| Sale | Class A Common Stock | 832 | $87.95 | $73K |
| Sale | Class A Common Stock | 110 | $79.11 | $9K |
| Sale | Class A Common Stock | 154 | $79.93 | $12K |
| Sale | Class A Common Stock | 228 | $81.11 | $18K |
| Sale | Class A Common Stock | 230 | $81.93 | $19K |
| Sale | Class A Common Stock | 181 | $83.07 | $15K |
| Sale | Class A Common Stock | 202 | $84.05 | $17K |
| Sale | Class A Common Stock | 134 | $84.95 | $11K |
| Sale | Class A Common Stock | 131 | $85.97 | $11K |
| Sale | Class A Common Stock | 124 | $86.89 | $11K |
| Sale | Class A Common Stock | 22 | $87.95 | $2K |
| Sale | Class A Common Stock | 110 | $79.11 | $9K |
| Sale | Class A Common Stock | 154 | $79.93 | $12K |
| Sale | Class A Common Stock | 228 | $81.11 | $18K |
| Sale | Class A Common Stock | 230 | $81.93 | $19K |
| Sale | Class A Common Stock | 181 | $83.07 | $15K |
| Sale | Class A Common Stock | 202 | $84.05 | $17K |
| Sale | Class A Common Stock | 134 | $84.95 | $11K |
| Sale | Class A Common Stock | 131 | $85.97 | $11K |
| Sale | Class A Common Stock | 124 | $86.89 | $11K |
| Sale | Class A Common Stock | 22 | $87.95 | $2K |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
Footnotes (1)
- The reported sale was made pursuant to a 10b5-1 trading plan. These shares were sold in multiple transactions at prices ranging from $78.49 to $79.49, inclusive. The weighted average sale price was $79.11. The Reporting Person undertakes to provide to the Securities and Exchange Commission staff, the issuer, or a security holder of the issuer, upon request, full information regarding the number of shares sold at each separate price within the range. These shares were sold in multiple transactions at prices ranging from $79.49 to $80.49, inclusive. The weighted average sale price was $79.93. The Reporting Person undertakes to provide to the Securities and Exchange Commission staff, the issuer, or a security holder of the issuer, upon request, full information regarding the number of shares sold at each separate price within the range. These shares were sold in multiple transactions at prices ranging from $80.49 to $81.49, inclusive. The weighted average sale price was $81.11. The Reporting Person undertakes to provide to the Securities and Exchange Commission staff, the issuer, or a security holder of the issuer, upon request, full information regarding the number of shares sold at each separate price within the range. These shares were sold in multiple transactions at prices ranging from $81.49 to $82.49, inclusive. The weighted average sale price was $81.93. The Reporting Person undertakes to provide to the Securities and Exchange Commission staff, the issuer, or a security holder of the issuer, upon request, full information regarding the number of shares sold at each separate price within the range. These shares were sold in multiple transactions at prices ranging from $82.49 to $83.49, inclusive. The weighted average sale price was $83.07. The Reporting Person undertakes to provide to the Securities and Exchange Commission staff, the issuer, or a security holder of the issuer, upon request, full information regarding the number of shares sold at each separate price within the range. These shares were sold in multiple transactions at prices ranging from $83.49 to $84.49, inclusive. The weighted average sale price was $84.05. The Reporting Person undertakes to provide to the Securities and Exchange Commission staff, the issuer, or a security holder of the issuer, upon request, full information regarding the number of shares sold at each separate price within the range. These shares were sold in multiple transactions at prices ranging from $84.49 to $85.49, inclusive. The weighted average sale price was $84.95. The Reporting Person undertakes to provide to the Securities and Exchange Commission staff, the issuer, or a security holder of the issuer, upon request, full information regarding the number of shares sold at each separate price within the range. These shares were sold in multiple transactions at prices ranging from $85.49 to $86.49, inclusive. The weighted average sale price was $85.97. The Reporting Person undertakes to provide to the Securities and Exchange Commission staff, the issuer, or a security holder of the issuer, upon request, full information regarding the number of shares sold at each separate price within the range. These shares were sold in multiple transactions at prices ranging from $86.49 to $87.49, inclusive. The weighted average sale price was $86.89. The Reporting Person undertakes to provide to the Securities and Exchange Commission staff, the issuer, or a security holder of the issuer, upon request, full information regarding the number of shares sold at each separate price within the range. These shares were sold in multiple transactions at prices ranging from $87.49 to $88.00, inclusive. The weighted average sale price was $87.95. The Reporting Person undertakes to provide to the Securities and Exchange Commission staff, the issuer, or a security holder of the issuer, upon request, full information regarding the number of shares sold at each separate price within the range. Represents shares of Class A common stock held through an irrevocable non-grantor trust, of which the Reporting Person's legal counsel is the sole trustee and the Reporting Person's child is the beneficiary. The Reporting Person disclaims beneficial ownership of the shares of Class A common stock. 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 beneficiary. The Reporting Person is entitled to annuity payments from the trust, with any remaining assets to be distributed to the Allaire 2025 GRAT Remainder Trust, of which the Reporting Person's children are beneficiaries. The Reporting Person disclaims beneficial ownership of the shares of Class B common stock except to the extent of his pecuniary interest therein.