Company: CRCL
Filing Date: 2025-06-02
Form Type: S-1/A
Source: 0001193125-25-132755
Chunk: 256

Company: Circle Internet Group, Inc.
Filing Date: 2025-06-02
Form: S-1/A
Chunk 256
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 • |     | Lay groundwork in three new strategic markets. |

For the non-financial business performance goals, threshold payout of 50% is based on achievement of two of the goals, target payout of 100% is based on achievement of three of the goals, and maximum payout of 150% is based on achievement of all four of the goals. 178

For 2H STIP, the STIP Adjusted EBITDA performance targets and potential payout opportunities were as follows:

|                                |     | Threshold |     |     | Target |      |     | Maximum |      |
| STIP Adjusted EBITDA Goal ($M) |     |           |  83 |     |        |  127 |     |         |  160 |
| Achievement %                  |     |           | 82% |     |        | 125% |     |         | 158% |
| Payout %                       |     |           | 50% |     |        | 100% |     |         | 150% |

Additionally, for the 2H STIP, the non-financial business performance goals, each weighted equally, were as follows:

| • |     | Close three enterprise-scale commercial partnerships; |

| • |     | Enable three new monetization streams; |

| • |     | Open accounts with three new reserve banks; |

| • |     | Lay groundwork in three new strategic markets; and |

| • |     | Launch three critical components of major blockchain infrastructure. |

For the non-financial business performance goals, threshold payout of 50% is based on achievement of two of the goals, target payout is based on achievement of three of the goals, and maximum payout is based on achievement of all five of the goals. For purposes of the STIP, STIP Adjusted EBITDA is defined as our Adjusted EBITDA, plus one-time severance and retention costs, less digital assets gains and impairment, less other non-recurring income derived from non-core operations. For the 1H STIP for 2024, the STIP Adjusted EBITDA Goal was achieved at $160M, resulting in a payout percentage of 150% for the financial component, and all four non-financial business performance goals were achieved, resulting in a payout percentage of 150% for the non-financial component, and an aggregate achievement for the 1H STIP of 150% of target levels. For the 2H STIP