Neville Patrick Sean 4

What Happened

• Neville Patrick, a director of Circle Internet Group (CRCL), completed a series of transactions on June 8, 2026 that involved exercising/converting derivative securities and selling shares. He converted 1,034,396 Class B shares into Class A and sold those 1,034,396 shares in three blocks for total proceeds of $85,723,360 (weighted average prices: $82.15, $82.94, $83.76). The filing also shows the exercise/conversion of derivative securities covering 1,879,073 shares (reported as both acquired and disposed), consistent with an option exercise or cashless conversion.

Key Details

• Transaction date: June 8, 2026; Form 4 filed June 9, 2026 (timely).
• Sales: 350,223 shares at a weighted avg $82.15 (proceeds $28,770,819); 431,451 shares at $82.94 (proceeds $35,784,546); 252,722 shares at $83.76 (proceeds $21,167,995). Total proceeds ≈ $85.7M.
• Derivatives: 1,879,073 shares reported as exercised/converted (code M entries showing both acquisition and disposition).
• Conversion: 1,034,396 Class B → Class A shares converted to facilitate the sale under a 10b5-1 trading plan to cover tax withholding on expiring options (footnote).
• Other notes from filing: price ranges for the sale tranches span $81.50–$84.04 (weighted averages as above); options involved are fully vested; small additional item: 2,018 RSU shares reported as issuable upon vesting.
• Trust holdings: some Class A and Class B shares are held through irrevocable grantor trusts; the reporting person disclaims beneficial ownership of those trust-held shares except to the extent noted in the filing.

Context

• This appears to be routine insider activity tied to option exercises and tax-withholding needs and executed via a 10b5-1 plan and open-market sales. The simultaneous acquisition and disposition entries for the derivatives are consistent with a cashless exercise or immediate sale of the exercised shares. These sales are not an explicit indicator of company performance; purchases generally carry more weight for bullish signals.