Company: CRCL
Filing Date: 2025-02-13
Form Type: DRS/A
Source: 0000950123-25-001965
Chunk: 251

Company: Circle Internet Group, Inc.
Filing Date: 2025-02-13
Form: DRS/A
Chunk 251
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     | Vested options will remain exercisable for nine months Other                                      
 outstanding equity incentive awards will be treated in accordance with their terms and conditions |

175

CONFIDENTIAL TREATMENT REQUESTED BY CIRCLE INTERNET GROUP, INC. PURSUANT TO 17 C.F.R. § 200.83 Termination without cause or for good reason in connection with a change in control Under the Executive Severance Guidelines, in the event that the NEO’s employment is terminated by Circle without “cause” or by such individual for “good reason,” in each case, within three months prior to or 12 months after a “change in control” of Circle, then such individual would be eligible to receive the payments and benefits detailed below. Had the NEOs been terminated as of December 31, 2024, they would have been entitled to severance under their original offer letters, which generally provided for a multiplier on their base salary plus their pro rata target bonus.

| Name           
 Jeremy Allaire |     | Cash benefit                                 
 2.0x the sum of base salary and target bonus |     | Benefit continuation                                                                                                    
 Continuation of medical and welfare benefits at Circle’s cost for the two-year period following the date of termination |     | Equity awards                                                    
 100% acceleration of outstanding time-based equity awards        |
|:---------------|:----|:---------------------------------------------|:----|:------------------------------------------------------------------------------------------------------------------------|:----|:-----------------------------------------------------------------|
| All other NEOs |     | 1.5x the sum of base salary and target bonus |     | Continuation of medical and welfare benefits at Circle’s cost for the 18-month period following the date of termination |     | 100% acceleration of outstanding time-based equity awards Vested 
 options will remain exercisable for 12 months                    |

The Executive Severance Guidelines also include a “best net” provision such that if the amounts to be received upon a termination of employment in connection with a change in control would trigger the excise tax on parachute payments, either the payments will be lowered so as not to trigger the excise tax, or they will be paid in full subject to the tax, whichever produces the better net after-taxposition. Quantification of Termination Payments and Benefits The table below sets forth the estimated payments and benefits that each fiscal year 2024 NEO would have been entitled to receive upon a qualifying termination of employment by the Company and/or the occurrence of a change in control, in each case assuming the relevant event occurred on December 31