Circle Internet director sells shares after option exercise
Rhea-AI Filing Summary
Circle Internet Group director Neville Patrick Sean reported option exercises, share conversions and planned sales involving the company’s dual-class stock. On May 1, 2026, he exercised and converted derivative positions tied to 95,000 shares, including Class B common stock and stock options.
He then sold 35,000 shares of Class A common stock in open-market transactions at prices ranging from $92.29 to $92.99, with a weighted average sale price of $92.65, pursuant to a Rule 10b5-1 trading plan. Part of the activity occurred through irrevocable grantor trusts, where he disclaims beneficial ownership beyond his pecuniary interest, while he continues to hold substantial Class B common stock and stock options after these transactions.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Exercise and sale activity reported; no spread calculated
Exercise and Sale
9 txns
Insider
Neville Patrick Sean
Role
Director
Sold
35,000 shs ($3.24M)
Approx. gross sale proceeds
$3.24M
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 | 30,000 | $92.65 | $2.78M |
| Conversion | Class A Common Stock | 5,000 | $0.00 | $0.00 |
| Sale | Class A Common Stock | 5,000 | $92.64 | $463K |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 1,909,073 shares (Direct);
Class B Common Stock — 2,366,356 shares (Direct);
Class B Common Stock — 142,842 shares (Indirect, By Neville 2025 Qualified Annuity Trust);
Class A Common Stock — 0 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 (7)
- 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 May 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 $92.29 to $92.99, inclusive. The weighted average sale price was $92.65. 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. 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.
- F5. On May 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 10b5-1 trading plan.
- F6. 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 children are beneficiaries. The Reporting Person disclaims beneficial ownership of the shares of Class A Common Stock except to the extent of his pecuniary interest therein.
- F7. The options are fully vested.
Key Figures
Shares sold: 35,000 shares
Sale price range: $92.29–$92.99/share
Weighted average sale price: $92.65/share
+5 more
8 metrics
Shares sold
35,000 shares
Class A common stock sold May 1, 2026
Sale price range
$92.29–$92.99/share
Class A sales on May 1, 2026
Weighted average sale price
$92.65/share
Class A sales referenced in footnote
Derivatives exercised/converted
95,000 shares
Total derivative exercises and conversions
Stock option strike price
$0.08/share
30,000-share option on Class B common stock
Options remaining
1,909,073 options
Stock options following transaction
Direct Class B holding
2,396,356 shares
Class B common stock held directly after conversion
Indirect Class A holding
33,568 shares
Class A common stock held by Calico Trust
Key Terms
Rule 10b5-1 trading plan, Class B common stock, weighted average sale price, irrevocable grantor trust, +2 more
6 terms
Rule 10b5-1 trading plan financial
"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"
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.
weighted average sale price financial
"The weighted average sale price was $92.65."
irrevocable grantor trust financial
"Represents shares of Class B common stock held through an irrevocable grantor trust"
stock option (right to buy) financial
"security_title: "Stock Option (Right to Buy)""
pecuniary interest financial
"disclaims beneficial ownership ... except to the extent of his pecuniary interest therein"
FAQ
What insider transactions did Circle Internet Group (CRCL) report for Neville Patrick Sean?
Neville Patrick Sean reported exercising and converting derivatives tied to 95,000 shares and selling 35,000 shares of Circle Internet Group Class A common stock. The transactions combined option exercises, Class B to Class A conversions, and open-market sales executed on May 1, 2026.
What derivative securities did the Circle Internet (CRCL) director exercise or convert?
He exercised or converted derivatives linked to 95,000 shares. This included Class B common stock and a stock option for 30,000 Class B shares at a $0.08 exercise price, which then converted on a one-for-one basis into Class A shares before being sold.
AI-generated analysis. How Rhea-AI works. Not financial advice.
