Circle Internet (CRCL) CTO sells 10,000 shares under 10b5-1 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Circle Internet Group, Inc. Chief Product & Technology Officer Nikhil Chandhok exercised stock options for 10,000 shares of Class A common stock at $25.81 per share and sold 10,000 shares at $123.08 per share. The sale was made under a Rule 10b5-1 trading plan. Following these transactions, he holds 540,376 shares directly, including 214,423 shares held outright and 325,953 shares subject to restricted stock units.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 10,000 shares ($1,230,800)
Net Sell
3 txns
Insider
Chandhok Nikhil
Role
Chief Product & Tech. Officer
Sold
10,000 shs ($1.23M)
| 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 | $123.08 | $1.23M |
Holdings After Transaction:
Stock Option (Right to Buy) — 1,119,677 shares (Direct);
Class A Common Stock — 550,376 shares (Direct)
Footnotes (1)
- The reported sale was made pursuant to a 10b5-1 trading plan. Represents 214,423 shares of Class A common stock held outright by the Reporting Person and 325,953 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.
FAQ
What insider transactions did CRCL executive Nikhil Chandhok report?
Nikhil Chandhok reported exercising options for 10,000 shares of Class A common stock at $25.81 and selling 10,000 shares at $123.08. These actions form an exercise-and-sell sequence on the same date, as disclosed in the insider report.
Was the Circle Internet (CRCL) insider sale made under a 10b5-1 plan?
Yes. The reported sale of 10,000 Circle Internet Class A shares by Nikhil Chandhok was made pursuant to a Rule 10b5-1 trading plan. Such plans pre-schedule trades, indicating the timing was established in advance rather than being a spontaneous market decision.
What option exercise did the Circle Internet (CRCL) CTO report?
He exercised a stock option for 10,000 shares of Class A common stock at an exercise price of $25.81 per share. The option was originally scheduled to vest over time, with an initial one-year cliff followed by 36 monthly installments, subject to continued service.
What was the sale price in the latest CRCL insider transaction?
The 10,000 shares of Circle Internet Class A common stock were sold at $123.08 per share. This sale followed the same-day option exercise and was executed under a Rule 10b5-1 trading plan, as specifically noted in the transaction footnote.