Horowitz Bradley 4
Research Summary
AI-generated summary
Circle (CRCL) Director Bradley Horowitz Receives 23 Shares
What Happened Bradley Horowitz, a director of Circle Internet Group (CRCL), was reported to have acquired 23 shares of the issuer's Class A common stock on 2026-06-26. The transaction is coded as an "other acquisition" (code J) and reflects a pro‑rata in‑kind distribution of shares from Accel XI Strategic Partners L.P. to its limited partners (including an entity affiliated with Horowitz). No cash was paid for these shares; a per‑share price was not reported.
Key Details
- Transaction date: 2026-06-26; Form 4 filed: 2026-06-30 (timely — filed within two business days).
- Transaction type/code: J (other acquisition); described as a pro‑rata in‑kind distribution (Footnote F1).
- Shares acquired: 23 Class A shares; price: N/A (no cash consideration).
- Holdings context: Filing notes Horowitz directly holds 13,049 Class A shares and has 13,642 shares issuable upon RSU vesting (Footnote F3). Some shares are held through a revocable living trust (Footnote F2).
- Notable footnotes: F1 explains the distribution from Accel XI to limited partners (including Horowitz’s affiliated trust); F2/F3 describe trusts and RSU holdings. This was not a market purchase or sale.
Context Pro‑rata in‑kind distributions like this simply allocate shares from a fund to its limited partners and are not the same as an open‑market purchase that might signal direct insider buying. The 23-share distribution is small relative to Horowitz’s reported holdings and does not imply an active trading decision by the director.