Circle Internet CTO sells 26,666 shares at $100.40
CRCL’s Chief Product & Tech. Officer exercised options for 38,829 shares and sold 26,666 shares under a Rule 10b5-1 trading plan, with substantial stock and RSU holdings remaining.
Rhea-AI Filing Summary
Circle Internet Group, Inc. (CRCL) reported that Chief Product & Tech. Officer Nikhil Chandhok exercised stock options to acquire a total of 38,829 shares of Class A Common Stock at an exercise price of $25.81 per share on September 4 and September 8, 2026.
On September 4, 2026, he exercised options for 15,496 shares and, as disclosed, retained those shares to begin the tax holding period. On September 8, 2026, he sold 26,666 shares of Class A Common Stock at $100.40 per share pursuant to a Rule 10b5-1 trading plan. Following these transactions, he holds 456,282 shares of Class A Common Stock and 266,198 shares issuable upon vesting of restricted stock units.
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Insider Trade Summary 10b5-1
Exercise and sale activity reported; no spread calculated
Exercise and Sale
5 txns
Insider
Chandhok Nikhil
Role
Chief Product & Tech. Officer
Sold
26,666 shs ($2.68M)
Approx. gross sale proceeds
$2.68M
Approx. exercise cost
$1.00M
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) F4 | 23,333 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 23,333 | $25.81 | $602K |
| Sale | Class A Common Stock F2, F3 | 26,666 | $100.40 | $2.68M |
| Exercise | Stock Option (Right to Buy) F1, F4 | 15,496 | $0.00 | $0.00 |
| Exercise | Class A Common Stock F1 | 15,496 | $25.81 | $400K |
Holdings After Transaction:
Stock Option (Right to Buy) — 330,849 contracts (Direct);
Class A Common Stock — 722,480 shares (Direct)
Footnotes (4)
- F1. This transaction reflects the Reporting Person's exercise of options and acquisition of the underlying shares. The Reporting Person retained the shares acquired upon exercise to begin the applicable holding period for tax purposes.
- F2. The reported sale was made pursuant to a 10b5-1 trading plan.
- F3. Represents 456,282 shares of Class A common stock held outright by the Reporting Person and 266,198 shares of Class A common stock issuable upon the vesting of restricted stock units.
- F4. 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.
Key Figures
Options Exercised – Total Shares: 38,829 shares
Option Exercise Price: $25.81 per share
Shares Sold: 26,666 shares
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7 metrics
Options Exercised – Total Shares
38,829 shares
Stock option exercises for Class A Common Stock in September 2026
Option Exercise Price
$25.81 per share
Exercise price for stock options converted into Class A Common Stock
Shares Sold
26,666 shares
Class A Common Stock sold on September 8, 2026
Sale Price
$100.40 per share
Price for Class A Common Stock sale on September 8, 2026
Common Shares Held After Transactions
456,282 shares
Class A Common Stock held outright by Nikhil Chandhok after reported transactions
RSUs Outstanding
266,198 shares
Class A Common Stock issuable upon vesting of restricted stock units
Option Expiration Date
February 4, 2032
Expiration date of the stock options exercised
Key Terms
Rule 10b5-1 trading plan, restricted stock units, vesting commencement date, Class A Common Stock
4 terms
Rule 10b5-1 trading plan regulatory
"The reported sale was made 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.
restricted stock units financial
"266,198 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.
vesting commencement date financial
"vested upon the one-year anniversary following the vesting commencement date"
The vesting commencement date is the starting point when an employee begins earning ownership rights to their promised benefits, such as stock options or retirement contributions. Think of it like the day a savings account is opened—only after this date do the benefits start to grow and become fully available over time. It matters to investors because it marks when the clock begins ticking toward full ownership, affecting the timing and value of these benefits.
Class A Common Stock financial
"shares of Class A common stock held outright by the Reporting Person"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
FAQ
What insider transactions did CRCL’s Chief Product & Tech. Officer report on this Form 4?
The filing reports that Nikhil Chandhok exercised options for 38,829 shares of Class A Common Stock at $25.81 per share and sold 26,666 shares at $100.40 per share in September 2026.
What are Nikhil Chandhok’s reported CRCL holdings after these transactions?
After the reported transactions, he holds 456,282 shares of CRCL Class A Common Stock outright and 266,198 shares of Class A Common Stock issuable upon vesting of restricted stock units, as disclosed in the footnotes.
What are the key terms of the stock options exercised by Nikhil Chandhok at CRCL?
The exercised stock options relate to Class A Common Stock with an exercise price of $25.81 per share and an expiration date of February 4, 2032. A footnote describes a vesting schedule with an initial 25% vest after one year, then monthly installments.
AI-generated analysis. How Rhea-AI works. Not financial advice.
