Fox-Geen Jeremy 4

What Happened

• Jeremy Fox-Geen, CFO of Circle Internet Group (CRCL), exercised stock options and sold shares. On 2026-04-01 he exercised 7,200 option-derived shares at $10.11 each (cost $72,792) and sold those same 7,200 shares in the open market at $98.04 for $705,888. He also sold 4,238 shares on 2026-04-02 at $90.00 for $381,420. Separately, 3,876 shares were disposed on 2026-04-01 to satisfy tax withholding at $95.41 (value $369,809).

Key Details

• Transaction dates & prices:
  • 2026-04-01: Exercised 7,200 shares @ $10.11 (cost $72,792).
  • 2026-04-01: Sold 7,200 shares @ $98.04 (proceeds $705,888).
  • 2026-04-01: 3,876 shares withheld for taxes @ $95.41 (value $369,809).
  • 2026-04-02: Sold 4,238 shares @ $90.00 (proceeds $381,420).
• Total open-market sales: 11,438 shares for approximately $1,087,308.
• Including withheld shares, total shares disposed = 15,314 for roughly $1,457,117.
• Shares owned after transaction (per filing footnote): 39,564 shares held outright and 324,162 shares issuable upon vesting of restricted stock units.
• Notable footnotes:
  • F1: The reported sale was made pursuant to a 10b5-1 trading plan.
  • F2: Shares were withheld to satisfy tax withholding on vested RSUs.
  • F4: Option vesting schedule: 1/4 after one year, remainder monthly over 36 months (subject to continued service).
• Filing: Report filed 2026-04-03 for transactions occurring 2026-04-01 to 2026-04-02; filing appears timely.

Context

• This was essentially a cashless exercise: Fox-Geen exercised options and sold at least the exercised shares the same day or soon after, converting option value to cash. The 10b5-1 note indicates some sales were executed under a predetermined trading plan (reduces concern about trading on nonpublic information). Tax-withheld dispositions are routine and reflect payroll/tax obligations rather than open-market selling decisions.