Company: CRCL
Filing Date: 2025-04-01
Form Type: S-1
Source: 0001193125-25-070481
Chunk: 362

Company: Circle Internet Group, Inc.
Filing Date: 2025-04-01
Form: S-1
Chunk 362
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 an increase to additional paid-incapital. The shares issued for business combinations are subject to forfeiture based on service conditions through various dates over a four year period from their respective acquisition dates.

| Table 18.5. Summary of Shares Issued for Business Combinations Activities |     | Number of  
 Shares (in 
 thousands) |        |   |     | Weighted-          
 Average Grant Date 
 Fair Value         |       |
|:--------------------------------------------------------------------------|:----|:-----------|-------:|:--|:----|:-------------------|------:|
| Balance as of December 31, 2023                                           |     |            |  2,036 |   |     | $                  | 47.82 |
| Shares vested                                                             |     |            | (1,445 | ) |     |                    | 47.82 |
| Shares forfeited                                                          |     |            |    (43 | ) |     |                    | 47.82 |
| Balance as of December 31, 2024                                           |     |            |    548 |   |     | $                  | 47.82 |

|                                 |     | Number of  
 Shares (in 
 thousands) |       |   |     | Weighted-          
 Average Grant Date 
 Fair Value         |       |
|:--------------------------------|:----|:-----------|------:|:--|:----|:-------------------|------:|
| Balance as of December 31, 2022 |     |            | 2,952 |   |     | $                  | 47.82 |
| Shares vested                   |     |            |  (874 | ) |     |                    | 47.82 |
| Shares forfeited                |     |            |   (42 | ) |     |                    | 47.82 |
| Balance as of December 31, 2023 |     |            | 2,036 |   |     | $                  | 47.82 |

For the year ended December 31, 2024, post-combination stock-based compensation cost included in the stock-based compensation expense was $31.0 million. As of December 31, 2024, unrecognized stock-based compensation cost related to outstanding unvested shares and warrants issued for business combinations that are expected to vest was $17.8 million, which is expected to be recognized over a weighted-average period of 1.6 years. F-49

19. Earnings (loss) per