Neville Patrick Sean 4
Research Summary
AI-generated summary
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.