Chandhok Nikhil 4

What Happened
Nikhil Chandhok, Circle Internet Group's Chief Product & Technology Officer, executed an option exercise and sold shares on June 8, 2026. He exercised/converted 23,333 shares at an exercise price of $25.81 (cost reported $602,225) and a separate derivative disposition of 23,333 shares was reported at $0.00. He also sold 26,666 shares in an open market transaction at $83.75 per share, generating proceeds of $2,233,278. The sale was reported under a 10b5-1 trading plan.

Key Details

• Date of transactions: 2026-06-08; Form 4 filed 2026-06-09 (timely).
• Option exercise: 23,333 shares acquired at $25.81 each — total exercise cost $602,225.
• Derivative disposition: 23,333 shares reported disposed at $0.00 (reported as a derivative transaction).
• Open-market sale: 26,666 shares at $83.75 — proceeds $2,233,278 (footnote: executed pursuant to a 10b5-1 plan).
• Reported holdings (per footnote): 225,733 Class A shares held outright and 296,076 Class A shares subject to restricted stock units.
• Vesting note: The option award vests 1/4 after one year, then monthly over 36 months (footnote on vesting schedule).

Context

• The filing shows an option exercise (derivative code M) and an immediate or contemporaneous sale; the separate $0.00 derivative disposition and the open-market sale indicate shares from the equity award were converted and some were disposed.
• The open-market sale was executed under a 10b5-1 plan, which is a pre-established trading plan and is commonly used to automate insider sales.
• This report primarily documents a sale (realized proceeds ~ $2.23M) alongside an exercise; it is factual reporting of transactions and does not imply the insider’s view on company prospects.