Neville Patrick Sean 4
Research Summary
AI-generated summary
Circle (CRCL) Director Neville Patrick Sean Sells Shares
What Happened
- Neville Patrick Sean, a director of Circle Internet Group (CRCL), sold roughly 35,000 shares of Class A common stock on June 1, 2026 for total proceeds of approximately $3.75 million. The sales were executed under a 10b5-1 trading plan; to facilitate those sales he converted Class B common stock into Class A common stock.
- The filing also shows related derivative activity (exercise/conversion entries and conversions of Class B to Class A). The reported options are fully vested (F10).
Key Details
- Transaction date: June 1, 2026; Form 4 filed June 3, 2026 (timely).
- Sales breakdown (per filing):
- 14,228 shares sold at a weighted average of $106.22 — proceeds $1,511,298 (prices ranged $105.77–$106.74) (F3).
- 12,611 shares sold at a weighted average of $107.34 — proceeds $1,353,665 (prices ranged $106.86–$107.64) (F4).
- 3,161 shares sold at a weighted average of $108.28 — proceeds $342,273 (prices ranged $108.00–$108.76) (F5).
- 5,000 shares sold at $108.75 — proceeds $543,750.
- Total cash proceeds shown: ≈ $3,750,986.
- Conversion/exercise activity: reporting shows conversions of 30,000 and 5,000 shares of Class B into Class A to enable the sales (F2, F8) and related derivative exercise/conversion entries (M/C codes).
- Holdings after the transactions are not specified in the excerpt provided; check the full Form 4 for post-transaction beneficial ownership numbers.
- Relevant footnotes: 10b5-1 plan used (F2, F8); Class B shares convert one-for-one to Class A and convert on transfers (F1); options fully vested (F10); some shares are held in trusts with limited pecuniary interest disclaimers (F6–F9).
Context
- Sales executed under a 10b5-1 plan generally indicate preplanned, scheduled disposals rather than discretionary trading on new company information; conversions of Class B to Class A are standard to permit public sale.
- The filing includes exercise/conversion mechanics for derivative securities — these entries often record the technical steps (exercise then sale or conversion) and do not by themselves indicate additional cash purchases by the insider.
- For a complete picture of the insider’s holdings and whether these sales materially change ownership, review the full Form 4 filing (Accession 0001876042-26-000179).