Circle (CRCL) CFO Jeremy Fox-Geen Exercises Stock Options

What Happened

• Jeremy Fox-Geen, Chief Financial Officer of Circle Internet Group (CRCL), exercised stock option/derivative awards on 2026-09-22. He acquired 598 shares at a $48.45 strike ($28,973) and 2,155 shares at a $32.95 strike ($71,007), for a total of 2,753 shares and total strike payment of $99,980. The filing also shows the corresponding derivative instruments were canceled (disposed at $0) as part of the conversion.

Key Details

• Transaction date: 2026-09-22; Form 4 filed: 2026-09-24 (timely filing).
• Exercise details:
  • 598 shares @ $48.45 = $28,973
  • 2,155 shares @ $32.95 = $71,007
  • Total acquired: 2,753 shares; total strike paid: $99,980
• Post-transaction holdings (per filing footnote F1): 42,317 Class A shares held outright and 268,727 Class A shares issuable upon RSU vesting.
• Vesting note (F2): Option award vested 1/4 after one year from the vesting commencement date, with the remainder vesting in 36 equal monthly installments, subject to continued service.
• Transaction code: M = exercise/conversion of a derivative security. The “disposed at $0” lines reflect cancellation/surrender of the derivative instruments on exercise (not a sale of acquired shares).
• No sale reported — shares were acquired, not sold.

Context

• This was an exercise of options (a purchase of shares by paying strike prices), not an open-market buy or sale. Because the filing does not report an immediate sale, Fox-Geen retained the acquired shares (unless later sold in a separate filing).
• Exercises are often done to convert vested options into common shares; they do not by themselves indicate a market sentiment beyond the fact the insider paid the strike price to take ownership.