Tarbert Heath 4

What Happened

• Tarbert Heath, President of Circle Internet Group (CRCL), reported multiple transactions on Feb 26, 2026. He exercised options to acquire 2,000 shares at $25.09 per share for $50,180. On the same date he sold 10,753 shares in the open market for a total of $969,275 (weighted average price $90.14). The filing also shows a separate derivative-related disposition of 2,000 shares at $0 (the filing reports $0 proceeds).

Key Details

• Transaction date: 2026-02-26.
• Option exercise (M): 2,000 shares acquired at $25.09 — cost $50,180.
• Open-market sale (S): 10,753 shares disposed; weighted average sale price $90.14; total proceeds $969,275. Sales occurred at prices between $90.00 and $90.50.
• Derivative disposition (M): 2,000 shares reported disposed at $0 (no proceeds reported).
• Sale executed pursuant to a 10b5-1 trading plan (footnote F1). Reporting person will provide per-share breakdown within the $90.00–$90.50 range upon request (F2).
• Shares reported owned/controlled: 129,494 shares of Class A common stock held outright and 405,654 Class A shares issuable upon vesting of restricted stock units (F3).
• Vesting/award note: option award vests 25% after one year and then monthly over 36 months, subject to continued service (F4).
• Filing date: 2026-03-02. The report was filed on the expected Section 16 reporting deadline following the Feb 26 transactions (not marked late).

Context

• The filing shows both an option exercise (acquisition) and a significant open-market sale. Purchases (exercises) can signal an insider acquiring stock, but the larger item here is the sale of ~10.8k shares under a pre-established 10b5-1 plan, which often reflects routine, pre-planned disposition rather than ad hoc trading. The separate derivative disposition at $0 is reported as such in the filing; the form does not provide additional explanation for that line.