Fox-Geen Jeremy 4

What Happened
Jeremy Fox-Geen, Chief Financial Officer of Circle Internet Group (CRCL), exercised 14,400 stock options at $10.11 per share (cost ≈ $145,584) and sold 47,908 shares in an open-market transaction at $90.00 per share (proceeds ≈ $4,311,720) on February 26, 2026. The Form 4 also reports a derivative disposition of 14,400 shares at $0.00 related to the option activity (see footnotes). The sale was executed pursuant to a pre-established 10b5-1 trading plan.

Key Details

• Transaction date: 2026-02-26
• Option exercise: 14,400 shares at $10.11 — total exercise cost ≈ $145,584
• Open-market sale: 47,908 shares at $90.00 — total proceeds ≈ $4,311,720 (reported with footnote F1: 10b5-1 plan)
• Derivative entry: 14,400 shares @ $0.00 reported (related to the option exercise/settlement)
• Shares reported owned after the transactions (per filing footnote F2): 39,564 shares held outright and 221,495 shares subject to outstanding restricted stock units (RSUs)
• Vesting note (F3): Option award vesting was 1/4 after one year, then monthly over 36 months, subject to continued service
• Filing was submitted on 2026-03-02 for a 2026-02-26 transaction — filed within the standard two-business-day window (timely)

Context
When an insider both exercises options and sells shares the same day, it commonly reflects exercising to realize gains or cover exercise/tax obligations (sometimes called a cashless exercise if proceeds are used immediately). The sale here was under a 10b5-1 plan, which is a pre-arranged program that can help avoid questions about trading on material nonpublic information. Purchases/exercises and immediate sales are routine liquidity events and do not, by themselves, indicate a change in company outlook.