Allaire Jeremy 4
Research Summary
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Circle (CRCL) CEO Jeremy Allaire Sells Shares
What Happened
- Jeremy Allaire, Chairman and CEO of Circle Internet Group (CRCL), sold a total of 15,625 shares of Class A common stock on Feb 26, 2026 in open-market transactions. The sales consisted of 14,109 shares for $1,270,374 and four separate 379-share lots (total 1,516 shares) for about $34,125 each, for aggregate proceeds of roughly $1.41 million. These were dispositions (sales), not purchases.
Key Details
- Transaction type: Open-market sales (Code S); executed pursuant to a 10b5-1 trading plan (footnote F1).
- Date of transaction: 2026-02-26. Form filed with the SEC on 2026-03-02 (timely filing).
- Price range and average: Sales executed at prices between $90.00 and $90.05; weighted average sale price $90.04 (footnote F2).
- Shares sold: 15,625 total (14,109 + 4 × 379).
- Proceeds: Approximately $1,406,874 in total.
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Ownership notes: Some holdings are reported via trusts and the Reporting Person disclaims beneficial ownership of certain trust-held shares (see footnotes F3–F5). Footnote F4 explains Class B shares convert one-for-one to Class A under certain conditions.
Context
- These sales were made under a pre-established 10b5-1 plan, which is a common mechanism for insiders to sell shares according to a pre-set schedule and reduces the implication that the sale was based on inside information. Sales do not necessarily reflect the insider’s view of the company’s long-term prospects.