Circle (CRCL) CFO Jeremy Fox-Geen Exercises Options, Sells Shares

What Happened Jeremy Fox-Geen, Chief Financial Officer of Circle Internet Group (CRCL), exercised options and sold shares during the Sept. 1–2, 2026 window. The filing shows a 15,000-share option exercise at $10.11 per share (cost $151,650), followed by a 15,000-share sale at $92.20 ($1,383,000) and an 8,120-share open-market sale at $87.87 ($713,504). Additionally, 7,426 shares were withheld to satisfy tax withholding obligations upon vesting (valued at $709,554). The filing also records a derivative conversion of 15,000 shares shown at $0.

Key Details

• Transaction dates & prices:
  • 2026-09-01: Exercised 15,000 shares @ $10.11 (paid $151,650)
  • 2026-09-01: Sold 15,000 shares @ $92.20 (proceeds $1,383,000) — F1: sale pursuant to a 10b5-1 plan
  • 2026-09-01: 7,426 shares withheld for taxes @ $95.55 (value $709,554) — F2: withholding for RSU vesting
  • 2026-09-02: Sold 8,120 shares @ $87.87 (proceeds $713,504)
  • 2026-09-01: 15,000-share derivative conversion recorded @ $0
• Total open-market sale proceeds: ~$2,096,504 (15,000 + 8,120 shares). Tax-withheld shares value: ~$709,554.
• Shares reported after the transactions: 39,564 shares held outright and 268,727 shares issuable upon RSU vesting (F3).
• Vesting note on option award: 1/4 vested after one year, remainder vests monthly over 36 months (F4).
• The 15,000-share sale on Sept. 1 was executed under a prearranged 10b5-1 plan (F1). Filing appears timely (reported period 9/1/2026, filed 9/3/2026).

Context

• This sequence looks like a cashless exercise pattern: options were exercised and shares were sold soon after, with some shares withheld to cover tax obligations. Cashless exercises and prearranged (10b5-1) sales are common for executives managing compensation-related tax and exercise costs and do not by themselves indicate a change in sentiment.