General Catalyst reports 0% stake in Circle Internet Group (CRCL) Class A shares

Rhea-AI Filing Summary

Circle Internet Group, Inc. received an amended Schedule 13G/A from several General Catalyst entities and managers reporting that they no longer beneficially own any of its Class A common stock. As of December 31, 2025, each reporting person lists 0 shares and 0% of the class.

The filing is a joint statement by multiple General Catalyst funds and related management entities, along with individuals Kenneth Chenault, David P. Fialkow and Hemant Taneja. It formally reflects that their collective ownership has fallen to 5% or less of Circle’s outstanding Class A common stock.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

Circle Internet Group, Inc.

(Name of Issuer)

Class A Common Stock, par value $0.0001 per share

(Title of Class of Securities)

172573107

(CUSIP Number)

12/31/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 172573107

1

Names of Reporting Persons

General Catalyst Group Management Holdings GP, LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

0.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

0 %

12

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13G

CUSIP No. 172573107

1

Names of Reporting Persons

General Catalyst Group Management Holdings, L.P.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

0.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

0 %

12

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13G

CUSIP No. 172573107

1

Names of Reporting Persons

General Catalyst Group Management, LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

0.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

0 %

12

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13G

CUSIP No. 172573107

1

Names of Reporting Persons

General Catalyst GP VI, LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

0.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

0 %

12

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13G

CUSIP No. 172573107

1

Names of Reporting Persons

General Catalyst Partners VI, L.P.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

0.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

0 %

12

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13G

CUSIP No. 172573107

1

Names of Reporting Persons

General Catalyst Group VI, L.P.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

0.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

0 %

12

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13G

CUSIP No. 172573107

1

Names of Reporting Persons

Kenneth Chenault

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

0.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

0 %

12

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13G

CUSIP No. 172573107

1

Names of Reporting Persons

David P. Fialkow

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

0.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

0 %

12

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13G

CUSIP No. 172573107

1

Names of Reporting Persons

Hemant Taneja

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

0.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

0 %

12

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Circle Internet Group, Inc.
(b)	Address of issuer's principal executive offices: One World Trade Center, New York, New York, 10007
Item 2.
(a)	Name of person filing: This joint statement on Schedule 13G is being filed by General Catalyst Group Management Holdings GP, LLC, a Delaware limited liability company ("GCGMH LLC"), General Catalyst Group Management Holdings, L.P., a Delaware limited partnership ("GCGMH"), General Catalyst Group Management, LLC, a Delaware limited liability company ("GCGM"), General Catalyst GP VI, LLC, a Delaware limited liability company ("GC VI GPLLC"), General Catalyst Partners VI, L.P., a Delaware limited partnership ("GC VI GPLP"), General Catalyst Group VI, L.P., a Delaware limited partnership ("GC VI"), Kenneth Chenault, David P. Fialkow and Hemant Taneja (together, the "Managers"), who are collectively referred to herein as the "Reporting Persons." GCGMH LLC is the general partner of GCGMH, which is the manager of GCGM, which is the manager of GC VI GPLLC. Kenneth Chenault, David P. Fialkow and Hemant Taneja are Managing Members of GCGMH LLC. GC VI GPLP is the sole general partner of GC VI. GC VI GPLLC is the sole general partner of GC VI GPLP. Kenneth Chenault, David P. Fialkow and Hemant Taneja are Managing Directors of GC VI GPLLC. The Reporting Persons have entered into a Joint Filing Agreement, dated as of the date hereof, a copy of which is filed with this Schedule 13G as Exhibit 1 (which is incorporated herein by reference), pursuant to which the Reporting Persons have agreed to file this statement jointly in accordance with the provisions of Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended (the "Act").
(b)	Address or principal business office or, if none, residence: 20 University Road, 4th Floor, Cambridge, MA 02138
(c)	Citizenship: Each of GCGMH, GC VI and GC VI GPLP is a limited partnership organized under the laws of the State of Delaware. Each of GCGMH LLC, GCGM and GC VI GPLLC is a limited liability company organized under the laws of the State of Delaware. Each of the Managers is a U.S. citizen.
(d)	Title of class of securities: Class A Common Stock, par value $0.0001 per share
(e)	CUSIP No.: 172573107
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: See Line 9 of cover sheets.
(b)	Percent of class: See Line 11 of cover sheets.
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: See Line 5 of cover sheets.
	(ii) Shared power to vote or to direct the vote: See Line 6 of cover sheets.
	(iii) Sole power to dispose or to direct the disposition of: See Line 7 of cover sheets.
	(iv) Shared power to dispose or to direct the disposition of: See Line 8 of cover sheets.
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.	Certifications:
	Not Applicable

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

General Catalyst Group Management Holdings GP, LLC

Signature:	/s/ Christopher McCain
Name/Title:	Christopher McCain, Chief Legal Officer
Date:	02/17/2026

General Catalyst Group Management Holdings, L.P.

Signature:	/s/ Christopher McCain
Name/Title:	Christopher McCain, Chief Legal Officer of GENERAL CATALYST GROUP MANAGEMENT HOLDINGS GP, LLC, its General Partner
Date:	02/17/2026

General Catalyst Group Management, LLC

Signature:	/s/ Christopher McCain
Name/Title:	Christopher McCain, Chief Legal Officer
Date:	02/17/2026

General Catalyst GP VI, LLC

Signature:	/s/ Christopher McCain
Name/Title:	Christopher McCain, Chief Legal Officer
Date:	02/17/2026

General Catalyst Partners VI, L.P.

Signature:	/s/ Christopher McCain
Name/Title:	Christopher McCain, Chief Legal Officer of GENERAL CATALYST GP VI, LLC, its General Partner
Date:	02/17/2026

General Catalyst Group VI, L.P.

Signature:	/s/ Christopher McCain
Name/Title:	Christopher McCain, Chief Legal Officer of GENERAL CATALYST GP VI, LLC, General Partner of GENERAL CATALYST PARTNERS VI, L.P., its General Partner
Date:	02/17/2026

Kenneth Chenault

Signature:	/s/ Christopher McCain
Name/Title:	Christopher McCain, Attorney-in-Fact
Date:	02/17/2026

David P. Fialkow

Signature:	/s/ Christopher McCain
Name/Title:	Christopher McCain, Attorney-in-Fact
Date:	02/17/2026

Hemant Taneja

Signature:	/s/ Christopher McCain
Name/Title:	Christopher McCain, Attorney-in-Fact
Date:	02/17/2026

Comments accompanying signature: This statement was executed by Christopher McCain on behalf of the Managers pursuant to Powers of Attorney filed as Exhibit 24.1 to the Form 4 relating to the beneficial ownership of shares of Intersections Inc. (file no. 000-50580) by the Reporting Persons filed with the Securities Exchange Commission on January 15, 2019 and incorporated herein in its entirety by reference.

Exhibit Information

Exhibit 1 - Agreement regarding joint filing of Schedule 13G

FAQ

What does the General Catalyst Schedule 13G/A say about Circle Internet Group (CRCL) ownership?

The amended Schedule 13G/A states that General Catalyst entities and three managers beneficially own 0 shares of Circle Internet Group Class A common stock, representing 0% of the class as of December 31, 2025.

Who are the reporting persons in the Circle Internet Group (CRCL) Schedule 13G/A?

Reporting persons include several General Catalyst entities (funds and managers) and individuals Kenneth Chenault, David P. Fialkow, and Hemant Taneja, filing a joint statement regarding their beneficial ownership in Circle Internet Group’s Class A common stock.

What percentage of Circle Internet Group (CRCL) does General Catalyst report owning?

Each General Catalyst reporting entity and individual reports beneficial ownership of 0% of Circle Internet Group’s Class A common stock. Line 11 on every cover sheet lists the percent of class as 0% for the reporting persons.

What class of securities is covered in this Circle Internet Group (CRCL) Schedule 13G/A?

The filing covers Class A common stock of Circle Internet Group, Inc., with a par value of $0.0001 per share. The CUSIP number identified for this security in the statement is 172573107.

What is the date of the ownership information in the Circle Internet Group (CRCL) filing?

The ownership information is stated as of December 31, 2025, which is identified as the “Date of Event Which Requires Filing of this Statement” on the cover page of the Schedule 13G/A.

Why does the Circle Internet Group (CRCL) filing mention ownership of 5 percent or less?

Item 5 of the statement is checked for Ownership of 5 percent or less of a class. This indicates the reporting persons’ beneficial ownership in Circle Internet Group’s Class A common stock has fallen to 5% or below of the outstanding class.