Company: CRCL
Filing Date: 2025-02-13
Form Type: DRS/A
Source: 0000950123-25-001965
Chunk: 312

Company: Circle Internet Group, Inc.
Filing Date: 2025-02-13
Form: DRS/A
Chunk 312
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, 2022, Circle entered into an agreement to invest $0.3 million into a startup focused on consumer interaction with the
digital economy, in return for equity under a simple agreement for future equity and token warrants. A Director of Circle is the Founder and CEO of this company and owns 40% of this company. Additionally, another Director of Circle is also a
minority investor and strategic advisor to this company.

Stock-based compensation

The Company provides stock options and restricted stock units (“RSUs”) to its employees and board members under the 2013 Stock Award Plan, as amended (the
“Award Plan”). The Award Plan is administered by the Board who has the authority to grant and amend awards, adopt, amend and repeal rules relating to the Plan and to interpret and correct the provisions of the Plan and any award. The Board
will select the individuals to whom options or restricted stock units are granted and will determine the terms of each award, including (i) the number of shares of common stock subject to the award; (ii) conditions and limitations
applicable to each award and the common stock issued, including vesting provisions; (iii) the option exercise price, which must be at least 100.0% of the fair market value of the common stock as of the date of grant; and (iv) the duration
of the award, which may not exceed 10 years.

The Board may also grant restricted stock awards entitling recipients to acquire shares of common stock subject to
(i) delivery to the Circle by the participant of cash or other lawful consideration in an amount at least equal to the par value of the stock purchased, and (ii) the right of Circle to repurchase all or part of such stock at their issue
price in the event that conditions specified by the Board in the applicable award are not satisfied prior to the end of the applicable restriction period.

In
certain circumstances, the Company also grants stock-based awards to non-employees in lieu or in reduction of cash compensation for their services. The stock-based awards granted to non-employees have the same terms as those granted to employees under the Award Plan. For stock-based awards granted to non-employees,

F-20

CONFIDENTIAL TREATMENT REQUESTED BY CIRCLE INTERNET GROUP, INC. PURSUANT TO 17 C.F.R. § 200.83 compensation expense is recognized based on the grant date fair value of the awards on a straight-line basis over the requisite service period. The Company recognizes stock