Neville Patrick Sean 4
4 · Circle Internet Group, Inc. · Filed Jun 11, 2026
Research Summary
AI-generated summary of this filing
Circle (CRCL) Director Neville Patrick Sells 50,000 Shares
What Happened
Neville Patrick, a director of Circle Internet Group (CRCL), converted 50,000 shares of Class B common stock into Class A common stock and sold those 50,000 shares in open-market transactions on June 9, 2026. He sold 47,306 shares for aggregate proceeds of $3,844,086 (weighted average $81.26; price range $80.96–$81.95) and 2,694 shares for $221,043 (weighted average $82.05; price range $81.97–$82.16), for total proceeds of approximately $4.07 million. These sales were conducted pursuant to a pre-established 10b5-1 trading plan.
Key Details
- Transaction date: June 9, 2026; Form 4 filed June 11, 2026 (timely filing).
- Conversion: 50,000 Class B → Class A to facilitate the sale (Class B converts 1-for-1; see footnote).
- Sales: 47,306 shares at a weighted avg $81.26 (range $80.96–$81.95) = $3,844,086; 2,694 shares at weighted avg $82.05 (range $81.97–$82.16) = $221,043. Total ≈ $4.07M.
- Shares owned after transaction: not specified in the provided filing extract.
- Notable footnotes: conversion was to facilitate a sale under a 10b5-1 plan; ranges reported with weighted averages and the filer will provide breakdowns on request. Other disclosures note RSUs and shares held in various trusts and disclaimers of beneficial ownership per the filing.
Context
This was a conversion-plus-sale executed under a 10b5-1 plan, which is a pre-arranged trading program that lets insiders sell shares on a schedule or formula. Such sales are typically routine and do not necessarily indicate a change in the insider’s view of the company. No purchases or option exercises were reported in this filing.
Insider Transaction Report
- Conversion
Class A Common Stock
[F1]2026-06-09+50,000→ 52,018 total - Sale
Class A Common Stock
[F2][F3]2026-06-09$81.26/sh−47,306$3,844,086→ 4,712 total - Sale
Class A Common Stock
[F2][F4][F5]2026-06-09$82.05/sh−2,694$221,043→ 2,018 total - Conversion
Class B Common Stock
[F1][F2]2026-06-09−50,000→ 3,165,909 total→ Class A Common Stock (50,000 underlying)
- 33,568(indirect: By Trust)
Class A Common Stock
[F6] - 132,966(indirect: By Trust)
Class B Common Stock
[F7]→ Class A Common Stock (132,966 underlying)
Footnotes (7)
- [F1]Each share of Class B common stock is convertible into Class A common stock on a one-for-one basis at the option of the Reporting Person. In addition, each share of Class B common stock will convert automatically into Class A common stock on a one-for-one basis upon any transfer of such share, except for certain permitted transfers described in the Issuer's Amended and Restated Certificate of Incorporation. Shares of Class B common stock do not expire.
- [F2]On June 9, 2026, the Reporting Person converted 50,000 shares of Class B common stock into Class A common stock to facilitate a sale pursuant to a 10b5-1 trading plan.
- [F3]These shares were sold in multiple transactions at prices ranging from $80.96 to $81.95, inclusive. The weighted average sale price was $81.26. The Reporting Person undertakes to provide to the Securities and Exchange Commission staff, the issuer, or a security holder of the issuer, upon request, full information regarding the number of shares sold at each separate price within the range.
- [F4]These shares were sold in multiple transactions at prices ranging from $81.97 to $82.16, inclusive. The weighted average sale price was $82.05. The Reporting Person undertakes to provide to the Securities and Exchange Commission staff, the issuer, or a security holder of the issuer, upon request, full information regarding the number of shares sold at each separate price within the range.
- [F5]Represents 2,018 shares of Class A common stock issuable upon the vesting of restricted stock units.
- [F6]Represents shares of Class A common stock held through an irrevocable grantor trust, of which the Reporting Person's wife, daughter and brother-in-law are trustees and the Reporting Person's child is the beneficiary. The Reporting Person disclaims beneficial ownership of the shares of Class A common stock.
- [F7]Represents shares of Class B common stock held through an irrevocable grantor trust, of which the Reporting Person is the sole trustee and the Reporting Person is a beneficiary. The Reporting Person is entitled to annuity payments from the trust, with any remaining assets to be distributed to the Calico Trust, of which the Reporting Person's child is the beneficiary. The Reporting Person disclaims beneficial ownership of the shares of Class B common stock except to the extent of his pecuniary interest therein.