Company: CRCL
Filing Date: 2025-08-04
Form Type: DRS
Source: 0000950123-25-006942
Chunk: 362

Company: Circle Internet Group, Inc.
Filing Date: 2025-08-04
Form: DRS
Chunk 362
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 F-23

CONFIDENTIAL TREATMENT REQUESTED BY CIRCLE INTERNET GROUP, INC. PURSUANT TO 17 C.F.R. § 200.83 Class B common stock is convertible into Class A common stock on a one-for-one basis at the option of the holder. In addition, Class B common stock will automatically convert into Class A common stock on a one-for-one basis upon any transfer, except for permitted transfers described in our Charter, and in certain other circumstances. Class C common stock is convertible into Class A common stock on a one-for-one basis in connection with certain assignments and transfers. The holders of Circle’s Class A common stock are entitled to one vote for each share of common stock held. The holders of Circle’s Class B common stock are entitled to five votes for each share of common stock held (but the aggregate voting power of Class B common stock cannot exceed 30% of the total voting power of our capital stock). The holders of Circle’s Class C common stock are not entitled to vote except to the extent set forth in our Charter or as required by applicable law. The voting, dividend and liquidation rights of the holders of our common stock are subject to and qualified by the rights, powers, and preferences of the holders of the Preferred Stock as detailed in the Charter. As of June 30, 2025 and December 31, 2024, the Company has the following number of common shares reserved (in thousands):

| Table 15.1. Details of Common Shares Reserved                     |     | June 30, 
 2025     |        |     | December 31, 
 2024         |         |
|:------------------------------------------------------------------|:----|:---------|-------:|:----|:-------------|--------:|
| Conversion of Series A redeemable convertible preferred stock     |     |          |      — |     |              |  33,621 |
| Conversion of Series B redeemable convertible preferred stock     |     |          |      — |     |              |  17,586 |
| Conversion of Series C redeemable convertible preferred stock     |     |          |      — |     |              |  18,445 |
| Conversion of Series D redeemable convertible preferred stock     |     |          |      — |     |              |  23,203 |
| Conversion of Series E redeemable convertible preferred stock     |     |          |      — |     |              |  37,391 |
| Conversion of Series F