Chandhok Nikhil 4

What Happened
Nikhil Chandhok, Circle's Chief Product & Technology Officer, had 14,479 shares of Class A common stock disposed on Feb 2, 2026 to satisfy a tax withholding obligation related to vested restricted stock units (RSUs). The shares were recorded at $63.93 each for a total reported value of $925,642. This was a tax withholding/net settlement on RSU vesting (transaction code F), not an open-market sale for cash.

Key Details

• Transaction date and price: 2026-02-02 at $63.93 per share.
• Shares withheld/disposed: 14,479; reported total value $925,642.
• Holdings per filing (footnote): 210,755 shares held outright and 214,540 shares subject to outstanding RSUs.
• Footnote F1: Shares withheld to satisfy the reporting person’s tax withholding upon RSU vesting.
• Filing date: Form 4 filed 2026-02-04 reporting the Feb 2 transaction. No late-filing flag indicated in the filing itself.

Context
This was a routine tax-withholding/net settlement when RSUs vested (often done by withholding a portion of the vested shares), which shouldn’t be read the same as an intentional cash sale of shares. Retail investors typically treat purchases as stronger signals of insider sentiment than routine withholding transactions.