Circle Internet (CRCL) director reports trust share distribution
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Circle Internet Group, Inc. director Bradley Horowitz filed an update to his share holdings. A Dharma Revocable Living Trust associated with him received 23 shares of Class A common stock in a pro-rata in kind distribution from Accel XI Strategic Partners L.P. without additional consideration. Following these entries, he holds 26,691 Class A shares directly, including 13,049 shares outright and 13,642 shares issuable upon vesting of restricted stock units, and 1,082 shares indirectly through the trust, for which he disclaims beneficial ownership beyond his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Horowitz Bradley
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Class A Common Stock | 23 | $0.00 | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 1,082 shares (Indirect, By Dharma Revocable Living Trust);
Class A Common Stock — 26,691 shares (Direct, null)
Footnotes (1)
- Represents a pro-rata in kind distribution of shares of the Issuer's Class A common stock by Accel XI Strategic Partners L.P. to its limited partners, including the Reporting Person's affiliated entity, the Dharma Revocable Living Trust without additional consideration. Represents shares of Class A common stock held through a revocable grantor living trust of which the Reporting Person and his spouse are co-trustees and co-beneficiaries. The Reporting Person disclaims beneficial ownership of the shares of Class A common stock except to the extent of his pecuniary interest therein. Represents 13,049 shares of Class A common stock held outright by the Reporting Person and 13,642 shares of Class A common stock issuable upon the vesting of restricted stock units.
Key Figures
Trust distribution: 23 shares
Direct holdings total: 26,691 shares
Direct shares outright: 13,049 shares
+2 more
5 metrics
Trust distribution
23 shares
Pro-rata in kind distribution to Dharma Revocable Living Trust
Direct holdings total
26,691 shares
Class A common stock following reported transactions
Direct shares outright
13,049 shares
Class A common stock held outright by Horowitz
RSUs outstanding
13,642 shares
Class A common stock issuable upon RSU vesting
Indirect trust holdings
1,082 shares
Class A common stock held by Dharma Revocable Living Trust
Key Terms
pro-rata in kind distribution, revocable grantor living trust, restricted stock units, pecuniary interest
4 terms
pro-rata in kind distribution financial
"Represents a pro-rata in kind distribution of shares of the Issuer's Class A common stock"
revocable grantor living trust financial
"Represents shares of Class A common stock held through a revocable grantor living trust"
restricted stock units financial
"13,642 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.
pecuniary interest financial
"disclaims beneficial ownership of the shares of Class A common stock except to the extent of his pecuniary interest therein"
FAQ
What insider activity did CRCL director Bradley Horowitz report on this Form 4?
Bradley Horowitz reported an update to his Circle Internet Group, Inc. share holdings. The filing reflects a small, 23-share pro-rata in kind distribution to an affiliated trust and updated totals for his direct and indirect ownership positions, including restricted stock units.