Date Rajeev V 4
Research Summary
AI-generated summary
Circle (CRCL) Director Rajeev V Exercises Options and Sells Shares
What Happened
Rajeev V, a director of Circle Internet Group (CRCL), exercised a total of 2,546 stock option shares (code M) and immediately sold those shares in the open market (code S). On 2026-06-08 he exercised 1,273 options at $0.08 per share (cost $102) and sold 1,273 shares at $83.75 for $106,614. On 2026-06-09 he exercised another 1,273 options at $0.08 (cost $102) and sold 1,273 shares at $85.00 for $108,205. Gross proceeds from the sales were $214,819; exercise costs totaled $204, for net proceeds of about $214,615. Entries showing derivative dispositions at $0.00 reflect conversion/cancellation of the options upon exercise.
Key Details
- Transaction dates and prices:
- 2026-06-08: Exercised 1,273 @ $0.08 (acquired); sold 1,273 @ $83.75 (proceeds $106,614).
- 2026-06-09: Exercised 1,273 @ $0.08 (acquired); sold 1,273 @ $85.00 (proceeds $108,205).
- Total shares exercised/sold: 2,546; total gross proceeds: $214,819; net after exercise costs ≈ $214,615.
- Shares owned after transaction (as reported): 152,328 shares held outright and 2,018 shares issuable upon RSU vesting (Footnote F2).
- Footnotes: F1 — sales made pursuant to a pre-established 10b5-1 trading plan; F3 — the stock options were fully vested.
- Filing: Form 4 filed 2026-06-10 for transactions on 2026-06-08 and 06-09 (timely filing within required window).
Context
This was an exercise of vested options followed by immediate sales (a common cashless exercise/lock-up liquidity action), executed under a 10b5-1 plan. Such transactions are routine for insiders and do not, by themselves, indicate the director’s private view of the company’s prospects.