Circle Internet Group (NYSE: CRCL) CEO reports major stock gifts and share conversion
Rhea-AI Filing Summary
Circle Internet Group, Inc. Chairman and CEO Jeremy Allaire filed a Form 4 reporting share conversions and charitable gifts involving the company’s Class A and Class B common stock. On December 9, 2025, he converted 238,500 shares of Class B common stock into Class A common stock to facilitate a gift transfer to a non-profit charitable organization and a donor advised fund. He then made a bona fide gift of 3,500 Class A shares to a non-profit charitable organization and 235,000 Class A shares to a donor advised fund. Following these transactions, he continued to hold Class A common stock directly and indirectly through several trusts, as well as Class B common stock held through an irrevocable grantor trust, with certain holdings disclaimed except to the extent of his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class B Common Stock | 238,500 | $0.00 | -- |
| Conversion | Class A Common Stock | 238,500 | $0.00 | -- |
| Gift | Class A Common Stock | 3,500 | $0.00 | -- |
| Gift | Class A Common Stock | 235,000 | $0.00 | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Footnotes (1)
- On December 9, 2025, the Reporting Person converted 238,500 shares of Class B common stock into Class A common stock to facilitate a gift transfer to a non-profit charitable organization and a donor advised fund. On December 9, 2025, the Reporting Person made a bona fide gift of 3,500 shares of Issuer's Class A common stock to a non-profit charitable organization. On December 9, 2025, the Reporting Person made a bona fide gift of 235,000 shares of Issuer's Class A common stock to a donor advised fund. 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.
