Cricut (CRCT) Insider Disposes Shares; RSU Withholding and Gift Reported

Rhea-AI Filing Summary

Cricut, Inc. (CRCT) Form 4 summary: Ryan Harmer, Principal Accounting Officer, reported multiple transactions in Class A common stock in mid-August 2025 that reduced his beneficial ownership. On 08/15/2025 he sold 18,771 shares at $5.70 per share, and on the same day 10,277 shares were surrendered to the issuer at $5.66 to satisfy tax withholding related to RSU vesting. On 08/19/2025 he made a bona fide gift of 11,250 shares for no consideration. After these transactions his reported beneficial ownership in Class A common stock declined to 313,424 shares. The filing is signed by a POA on 08/19/2025.

Positive

• Timely disclosure of insider transactions in accordance with Section 16 reporting requirements
• RSU tax withholding was settled by share surrender, indicating compensation-related obligations were addressed
• Gift transaction labeled as exempt under Rule 16b-5, clarifying its compliance treatment

Negative

• Reduction in beneficial ownership from prior holdings to 313,424 Class A shares following sales, withholding, and gift
• Insider sale of 18,771 shares at $5.70 reduced the reporting person's direct stake

Insights

Financial Analyst

TL;DR: Routine insider disposition and tax-withholding after RSU vesting; modest reduction in reported share count.

The Form 4 discloses a sale of 18,771 shares at $5.70, RSU withholding of 10,277 shares at $5.66 to cover taxes, and a gift of 11,250 shares with no consideration. These are individual insider transactions rather than corporate actions. The net effect is a decline in directly held Class A shares to 313,424. The transactions are specific, dated, and comply with Section 16 reporting; no derivatives or option exercises are reported. From a financial perspective, the filing documents realized proceeds and non-cash withholding tied to compensation vesting rather than operational or balance-sheet events.

Corporate Governance Expert

TL;DR: Disclosure is timely and detailed; gift classified as exempt under Rule 16b-5.

The Form 4 shows transparent reporting of dispositions and an RSU-related withholding event. The filing notes that the 11,250-share transfer on 08/19/2025 was a bona fide gift exempt from Section 16(b) under Rule 16b-5, which is an important compliance detail. The signature is provided via power of attorney, which is acceptable when properly authorized. No departures from standard insider-reporting practice are evident in the document.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Harmer Ryan

(Last) (First) (Middle)

C/O CRICUT, INC.

10855 SOUTH RIVER FRONT PARKWAY

(Street)

SOUTH JORDAN UT 84095

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Cricut, Inc. [ CRCT ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Principal Accounting Officer

3. Date of Earliest Transaction (Month/Day/Year)
08/15/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	08/15/2025		S		18,771	D	$5.7	334,951	D
Class A Common Stock	08/15/2025		F		10,277(1)	D	$5.66	324,674	D
Class A Common Stock	08/19/2025		G		11,250(2)	D	$0	313,424	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. These shares were withheld by the Issuer to satisfy tax withholding obligations in connection with the vesting of an RSU award granted to the reporting person on September 1, 2021.

2. This transaction was a bona fide gift with no payment in consideration. Exempt from Section 16(b) of the Act pursuant to Rule 16b-5 promulgated under the Act.

Remarks:

	/s/ Lauren Curtin, by power of attorney	08/19/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What transactions did Ryan Harmer report on the CRCT Form 4?

The filing reports a sale of 18,771 shares at $5.70 on 08/15/2025, surrender of 10,277 shares to satisfy RSU tax withholding at $5.66 on 08/15/2025, and a gift of 11,250 shares on 08/19/2025.

How many CRCT shares does the reporting person own after these transactions?

After the reported transactions the filing shows 313,424 Class A common shares beneficially owned by the reporting person.

Was the gift of shares considered exempt from Section 16(b)?

Yes. The Form 4 states the 11,250-share transfer was a bona fide gift with no payment and is exempt from Section 16(b) pursuant to Rule 16b-5.

Why were 10,277 shares surrendered to the issuer?

Those shares were withheld by the issuer to satisfy tax withholding obligations related to the vesting of an RSU award granted on September 1, 2021.

Who signed the Form 4 and when?

The Form 4 was signed by Lauren Curtin, by power of attorney on 08/19/2025 on behalf of the reporting person.