Tarbert Heath 4

What Happened Tarbert Heath, President of Circle Internet Group (CRCL), sold a total of 15,000 Class A shares in multiple open-market/private transactions on April 13, 2026. The sales were executed in several tranches at prices between $90.00 and $97.93, producing aggregate proceeds of approximately $1,425,646. The filing indicates these sales were made pursuant to a 10b5-1 trading plan (pre-arranged plan), and the activity is recorded as routine insider selling (transaction code S).

Key Details

• Transaction date: April 13, 2026; Form 4 filed April 15, 2026 (filed timely).
• Breakdown by tranche (weighted-average prices and proceeds where provided):
  • 900 shares @ $90.00 = $81,000
  • 600 shares (WAP $91.35) = $54,810
  • 556 shares (WAP $92.79) = $51,591
  • 3,304 shares (WAP $94.20) = $311,237
  • 2,623 shares (WAP $95.15) = $249,578
  • 4,764 shares (WAP $96.14) = $458,011
  • 1,645 shares (WAP $97.19) = $159,878
  • 608 shares (WAP $97.93) = $59,541
• Total sold: 15,000 shares for ~$1,425,646.
• Reported holdings after the transactions (per filing footnote): 71,607 Class A shares held outright and 489,561 Class A shares subject to outstanding restricted stock units (total share-related interest: 561,168).
• Footnotes F2–F8 note the sales were executed in multiple transactions across small price ranges (reporting person will provide detailed price-by-price breakdown on request).
• Footnote F1: sale was pursuant to a 10b5-1 plan (pre-set trading plan), which often indicates the trades were pre-arranged rather than opportunistic.

Context

• Sales conducted under a 10b5-1 plan are typically pre-scheduled and therefore less indicative of a manager’s short-term outlook than ad-hoc sales. Retail investors generally view purchases as stronger signals than planned sales.
• Transaction code S = sale. No options exercises, grants, or gifts were reported in this filing.