Horowitz Bradley 4

What Happened
Bradley Horowitz, a director of Circle Internet Group (CRCL), recorded an acquisition of 88 shares of the issuer's Class A common stock on 2026-03-10. The shares were received as a pro‑rata in‑kind distribution from Accel XI Strategic Partners L.P.; no cash price was reported (price = N/A). This was not an open‑market purchase but an in‑kind transfer to an affiliated trust.

Key Details

• Transaction date: 2026-03-10 (reported on Form 4 filed 2026-03-11) — filed within the normal two‑business‑day window.
• Transaction type/code: Other acquisition (Code J) — in‑kind distribution.
• Shares transacted: 88 Class A shares; price reported as N/A (no cash exchanged).
• Reported holdings (per filing footnotes): 13,049 Class A shares held outright and 11,624 Class A shares issuable upon vesting (restricted stock units). The 88 shares were distributed to the Reporting Person's affiliated Dharma Revocable Living Trust.
• Footnotes of note: F1 explains the 88‑share pro‑rata in‑kind distribution from Accel XI to its limited partners (including the Dharma trust). F2 notes some shares are held through a revocable grantor living trust and the reporter disclaims beneficial ownership except to the extent of pecuniary interest. F3 lists the reporter’s outright and RSU holdings.

Context
This was an in‑kind distribution from a fund (Accel XI) to its LPs, not a market purchase — such distributions are administrative/portfolio events and do not necessarily reflect the insider’s trading sentiment. Also, part of the reported holdings are restricted stock units that vest later; those are not presently tradable.