Circle director sells 35K shares via 10b5-1 plan
Circle Internet Group director Patrick Sean Neville, through direct holdings and related trusts, reported a mix of derivative conversions and open-market sales of Class A common stock.
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Form Type
4
Rhea-AI Filing Summary
Circle Internet Group director Patrick Sean Neville, through direct holdings and related trusts, reported a mix of derivative conversions and open-market sales of Class A common stock. Entities associated with him sold 35,000 shares of Class A common stock in open-market transactions under a Rule 10b5-1 trading plan, funded by converting Class B shares and exercising options. Following these trades, Neville directly holds 32,018 shares of Class A common stock, including 2,018 issuable upon vesting of restricted stock units, and continues to hold substantial Class B common stock both directly and through an irrevocable grantor trust.
Insider Trade Summary 10b5-1
Exercise and sale activity reported; no spread calculated
Exercise and Sale
11 txns
Insider
Neville Patrick Sean
Role
Director
Sold
35,000 shs ($3.75M)
Approx. gross sale proceeds
$3.75M
Approx. exercise cost
$2K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) | 30,000 | $0.00 | $0.00 |
| Exercise | Class B Common Stock | 30,000 | $0.00 | $0.00 |
| Conversion | Class B Common Stock | 30,000 | $0.00 | $0.00 |
| Conversion | Class B Common Stock | 5,000 | $0.00 | $0.00 |
| Conversion | Class A Common Stock | 30,000 | $0.00 | $0.00 |
| Sale | Class A Common Stock | 14,228 | $106.22 | $1.51M |
| Sale | Class A Common Stock | 12,611 | $107.34 | $1.35M |
| Sale | Class A Common Stock | 3,161 | $108.28 | $342K |
| Conversion | Class A Common Stock | 5,000 | $0.00 | $0.00 |
| Sale | Class A Common Stock | 5,000 | $108.75 | $544K |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 1,879,073 contracts (Direct);
Class B Common Stock — 2,371,232 contracts (Direct);
Class B Common Stock — 132,966 contracts (Indirect, By Neville 2025 Qualified Annuity Trust);
Class A Common Stock — 2,018 shares (Direct);
Class A Common Stock — 0 shares (Indirect, By Neville 2025 Qualified Annuity Trust);
Class A Common Stock — 33,568 shares (Indirect, By Calico Trust)
Footnotes (10)
- F1. 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.
- F2. On June 1, 2026, the Reporting Person converted 30,000 shares of Class B common stock into Class A common stock to facilitate a sale pursuant to a 10b5-1 trading plan.
- F3. These shares were sold in multiple transactions at prices ranging from $105.77 to $106.74, inclusive. The weighted average sale price was $106.22. 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.
- F4. These shares were sold in multiple transactions at prices ranging from $106.86 to $107.64, inclusive. The weighted average sale price was $107.34. 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.
- F5. These shares were sold in multiple transactions at prices ranging from $108.00 to $108.76, inclusive. The weighted average sale price was $108.28. 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.
- F6. Represents 2,018 shares of Class A common stock issuable upon the vesting of restricted stock units.
- F7. 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 a beneficiary. The Reporting Person is entitled to annuity payments from the trust, with any remaining assets to be distributed to the Calico Trust, of which the Reporting Person's child is the beneficiary. The Reporting Person disclaims beneficial ownership of the shares of Class B common stock except to the extent of his pecuniary interest therein.
- F8. On June 1, 2026, the Reporting Person converted 5,000 shares of class B common stock into Class A common stock to facilitate a sale pursuant to a 10b5-1 trading plan.
- F9. Represents shares of Class A common stock held through an irrevocable grantor trust, of which the Reporting Person's wife, daughter and brother-in-law are trustees and the Reporting Person's child is the beneficiary. The Reporting Person disclaims beneficial ownership of the shares of Class A common stock.
- F10. The options are fully vested.
Key Figures
Class A shares sold: 35,000 shares
Sale price example 1: $108.75 per share
Sale price example 2: $107.34 per share
+5 more
8 metrics
Class A shares sold
35,000 shares
Open-market sales by entities associated with Neville
Sale price example 1
$108.75 per share
5,000 Class A shares sold indirectly via trust
Sale price example 2
$107.34 per share
Weighted average in one sale range per footnote
Sale price example 3
$106.22 per share
Weighted average in another sale range per footnote
Shares exercised/converted
95,000 shares
Derivative exercises and conversions in transaction summary
Direct Class A holdings
32,018 shares
Post-transaction direct Class A position, including RSUs
Indirect Class A via Calico Trust
33,568 shares
Class A common stock held through Calico Trust
Direct Class B holdings
2,401,232 shares
Direct Class B common stock after derivative transaction
Key Terms
Rule 10b5-1 trading plan, Class B common stock, restricted stock units, irrevocable grantor trust, +1 more
5 terms
Rule 10b5-1 trading plan financial
"converted 30,000 shares of Class B common stock into Class A common stock to facilitate a sale 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.
Class B common stock financial
"Each share of Class B common stock is convertible into Class A common stock on a one-for-one basis"
A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.
restricted stock units financial
"Represents 2,018 shares of Class A common stock issuable upon the vesting of 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.
irrevocable grantor trust financial
"Represents shares of Class B common stock held through an irrevocable grantor trust"
weighted average sale price financial
"These shares were sold in multiple transactions at prices ranging from $105.77 to $106.74, inclusive. The weighted average sale price was $106.22"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did CRCL director Patrick Sean Neville report?
Patrick Sean Neville reported derivative conversions and open-market sales of Circle Internet Group Class A common stock. Entities associated with him sold 35,000 Class A shares, funded by converting Class B shares and exercising options, while he retained meaningful direct and trust-based holdings.
What role do trusts play in Patrick Sean Neville’s CRCL ownership?
Some Circle positions are held through irrevocable grantor trusts, including the Neville 2025 Qualified Annuity Trust and a trust benefiting his child. Footnotes note that Neville disclaims beneficial ownership beyond his pecuniary interest in certain trust-held Class B and Class A shares.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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