Circle Internet Group (CRCL) officer exercises 100K options and sells stock to cover taxes
Rhea-AI Filing Summary
Circle Internet Group, Inc. reported an insider equity transaction by its Chief Product & Tech. Officer, Nikhil Chandhok. On 12/01/2025, he exercised a stock option to acquire 100,000 shares of Class A common stock at an exercise price of $25.81 per share. On the same date, he reported several sales of Class A common stock totaling 100,000 shares across multiple trades, with weighted average sale prices of $75.80, $76.78, $78.24, and $78.92, as detailed in the footnotes.
The filing explains that these sales, and an additional 18,665 shares withheld, were to satisfy tax withholding obligations related to current and future vesting and settlement of restricted stock units. After the reported transactions, he beneficially owned 474,974 shares of Class A common stock, including 159,499 shares held outright and 315,475 shares subject to restricted stock units. He also held 1,169,677 stock options representing the right to purchase Class A common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) | 100,000 | $0.00 | -- |
| Exercise | Class A Common Stock | 100,000 | $25.81 | $2.58M |
| Sale | Class A Common Stock | 39,018 | $75.80 | $2.96M |
| Sale | Class A Common Stock | 25,003 | $76.78 | $1.92M |
| Sale | Class A Common Stock | 12,873 | $78.24 | $1.01M |
| Sale | Class A Common Stock | 23,106 | $78.92 | $1.82M |
| Tax Withholding | Class A Common Stock | 18,665 | $79.93 | $1.49M |
Footnotes (1)
- The sales reported on this Form 4 represent shares sold by the Reporting Person to cover additional tax withholding obligations in connection with current and future vesting and settlement of restricted stock units. These shares were sold in multiple transactions at prices ranging from $75.29 to $76.29, inclusive. The weighted average sale price was $75.80. 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 $76.30 to $77.24, inclusive. The weighted average sale price was $76.78. 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 $77.60 to $78.56, inclusive. The weighted average sale price was $78.24. 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 $78.67 to $79.07, inclusive. The weighted average sale price was $78.92. 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. 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 159,499 shares of Class A common stock held outright by the Reporting Person and 315,475 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 transaction did Circle Internet Group (CRCL) report for Nikhil Chandhok?
The Chief Product & Tech. Officer, Nikhil Chandhok, reported exercising a stock option for 100,000 shares of Class A common stock on 12/01/2025 and related sales and withholdings of shares on the same date.
At what price did the CRCL executive exercise stock options in this Form 4?
He exercised a stock option to acquire 100,000 shares of Circle Internet Group Class A common stock at an exercise price of $25.81 per share.
How are the Circle Internet Group (CRCL) stock options for the executive structured to vest?
The filing explains that for the reported option, 1/4 of the Class A common stock subject to the award vested on the one-year anniversary of the vesting commencement date, and the remaining portion vests in 36 successive equal monthly installments, subject to continued service with Circle Internet Group, Inc.