Horowitz Bradley 4

What Happened
Bradley Horowitz, a director of Circle Internet Group (CRCL), acquired 117 shares of the company's Class A common stock on Feb 25, 2026. The shares were received as a pro‑rata in‑kind distribution from Accel XI Strategic Partners L.P. (no cash paid, price N/A). After this distribution Horowitz beneficially holds 13,166 shares outright and has 11,624 shares issuable upon vesting of restricted stock units (total potential 24,790).

Key Details

• Transaction date: 2026-02-25; Form 4 filed: 2026-02-27 (appears timely within the 2‑business‑day reporting window).
• Transaction code: J (other acquisition/disposition); 117 shares acquired; price: N/A (in‑kind distribution).
• Shares owned following transaction: 13,166 shares held outright; 11,624 RSUs issuable upon vesting (per footnote). Total potential interest: 24,790 shares.
• Footnotes: F1 — shares came as a pro‑rata in‑kind distribution from Accel XI to its LPs (including Horowitz’s affiliated Dharma Revocable Living Trust) with no consideration; F2 — some shares are held through a revocable living trust where Horowitz disclaims beneficial ownership except for pecuniary interest; F3 — breakout of outright shares (13,049 before the distribution) and RSUs (11,624).
• No sale or option exercise involved; this is a passive distribution rather than an open‑market purchase or sale.

Context
In‑kind distributions from a fund to its limited partners typically reflect partnership allocations and do not necessarily signal the insider’s view of the company’s stock. Restricted stock units noted are future compensation that vests over time; there was no cash transaction or 10b5‑1 plan disclosed.