Company: CRCL
Filing Date: 2025-05-16
Form Type: S-1/A
Source: 0001193125-25-121234
Chunk: 350

Company: Circle Internet Group, Inc.
Filing Date: 2025-05-16
Form: S-1/A
Chunk 350
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 |     |                   | 5.12 |     | $              | 455,317 |

A summary of outstanding unvested stock options activities for the three months ended March 31, 2025 is presented as below, respectively:

| Table 17.2. Summary of Outstanding Unvested Stock Options Activities |     | Number of             
 Shares (in thousands) |       |   |     | Weighted               
 Average Exercise Price |       |
|:---------------------------------------------------------------------|:----|:----------------------|------:|:--|:----|:-----------------------|------:|
| Balance as of December 31, 2024                                      |     |                       | 2,115 |   |     | $                      | 23.81 |
| Options vested                                                       |     |                       |  (604 | ) |     |                        | 17.89 |
| Options forfeited                                                    |     |                       |    (8 | ) |     |                        | 17.17 |
| Balance as of March 31, 2025                                         |     |                       | 1,503 |   |     | $                      | 26.21 |

F-27

As of March 31, 2025, unrecognized stock-based compensation cost related to outstanding unvested stock options that are expected to vest was $16.9 million, which is expected to be recognized over a weighted-average period of 1.4 years. Restricted stock units (RSUs) RSUs granted under the award plan generally vest upon the satisfaction of both a service condition and a liquidity-event related performance condition. Both the service and liquidity-event related performance conditions must be met for the expense to be recognized. A summary of RSUs activities for the three months ended March 31, 2025 is as follows:

| Table 17.3. Summary of Restricted Stock Units Activities |     | Number of  
 Shares (in 
 thousands) |        |   |     | Weighted-          
 Average Grant Date 
 Fair Value         |       |
|:---------------------------------------------------------|:----|:-----------|-------:|:--|:----|:-------------------|------:|
| Balance as of December 31, 2024                          |     |            | 19,943 |   |     | $                  | 30.85 |
| RSUs granted                                             |     |            |  5,811 |   |     |                    | 31.16 |
| RSUs vested                                              |     |            |