Circle Internet (CRCL) director sells 50,000 shares under Rule 10b5-1 plan
Rhea-AI Filing Summary
Circle Internet Group director Patrick Sean Neville converted 50,000 shares of Class B common stock into Class A common stock and sold all 50,000 Class A shares in open-market transactions on June 9, 2026 under a Rule 10b5-1 trading plan. The sales included 47,306 shares at a weighted average price of $81.26 and 2,694 shares at a weighted average price of $82.05. After these transactions, he holds 2,018 shares of Class A common stock directly through restricted stock units and continues to hold 3,165,909 shares of Class B common stock directly, plus additional Class A and Class B shares through irrevocable grantor trusts associated with his family, for which he disclaims beneficial ownership except to the extent of his pecuniary interest.
Positive
- None.
Negative
- None.
Insights
Director converted 50,000 Class B shares and sold the resulting Class A under a 10b5-1 plan while retaining a large Class B position.
The filing shows Patrick Sean Neville converting 50,000 shares of Class B common stock into Class A and then selling all 50,000 Class A shares in open-market trades. One trade covered 47,306 shares at a weighted average of $81.26, and another covered 2,694 shares at a weighted average of $82.05, both executed on June 9, 2026.
Footnotes state the conversion and sales were made pursuant to a Rule 10b5-1 trading plan, indicating these dispositions were pre-planned rather than opportunistic. Afterward, Neville still directly owns 3,165,909 shares of Class B common stock, which are convertible into Class A on a one-for-one basis, plus 2,018 Class A shares in the form of restricted stock units.
The filing also lists indirect holdings through irrevocable grantor trusts, including 33,568 Class A shares and Class B interests convertible into 132,966 Class A shares, with explicit disclaimers of beneficial ownership except for any pecuniary interest. Overall, this appears as a structured liquidity event with substantial equity exposure maintained.
Insider Trade Summary 10b5-1
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class B Common Stock | 50,000 | $0.00 | -- |
| Conversion | Class A Common Stock | 50,000 | $0.00 | -- |
| Sale | Class A Common Stock | 47,306 | $81.26 | $3.84M |
| Sale | Class A Common Stock | 2,694 | $82.05 | $221K |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Footnotes (1)
- 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. On June 9, 2026, the Reporting Person converted 50,000 shares of Class B common stock into Class A common stock to facilitate a sale pursuant to a 10b5-1 trading plan. These shares were sold in multiple transactions at prices ranging from $80.96 to $81.95, inclusive. The weighted average sale price was $81.26. 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. These shares were sold in multiple transactions at prices ranging from $81.97 to $82.16, inclusive. The weighted average sale price was $82.05. 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. Represents 2,018 shares of Class A common stock issuable upon the vesting of restricted stock units. 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. 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.