Company: CRCL
Filing Date: 2025-04-01
Form Type: S-1
Source: 0001193125-25-070481
Chunk: 40

Company: Circle Internet Group, Inc.
Filing Date: 2025-04-01
Form: S-1
Chunk 40
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 total voting power of our outstanding common stock if the underwriters exercise their option to purchase additional shares in full). Upon the completion of this offering, 
 we will not be a “controlled company” within the meaning of the NYSE’s corporate governance standards.                                                                                                                                       |

| Conversion rights | Our Class A common stock will not be convertible into any other securities. Our 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, our Class B common stock will automatically convert into Class A common stock on a one-for-one basis upon any transfer, except |

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| for permitted transfers described in our certificate of incorporation, and in certain other circumstances such as the earliest of (1) in the case of any Class B common stock held by any entity                                                         
 controlled by Jeremy Allaire or Sean Neville, upon such entity ceasing to be controlled by Jeremy Allaire or Sean Neville, (2) the first day on which the aggregate number of shares of Class B common stock held by Jeremy Allaire and certain entities 
 controlled by Jeremy Allaire is less than 50% of the aggregate number of shares of Class B common stock held by Jeremy Allaire and such entities on the closing date of this offering, (3) the first day on which Jeremy Allaire is neither our Chief    
 Executive Officer nor Chairperson of our board of directors, and (4) five years after the closing of this offering. Our Class C common stock is convertible into Class A common stock on a one-for-one basis in connection with certain assignments and  
 transfers. See “Description of capital stock—Common stock—Conversion, exchange, and transferability.”                                                                                                                                                    |

| Use of proceeds | We estimate that the net proceeds to us from this offering will be approximately $   million, or approximately $   million if the underwriters exercise their option to purchase additional shares in full, assuming an                 
 initial public offering price of $   per share, which is the midpoint of the price range set forth on the cover page of this prospectus, after deducting underwriting discounts and commissions and estimated offering expenses payable 
 by us.                                                                                                                                                                                                                                  |

| We intend to use $   of the net proceeds from this offering to satisfy tax withholding and remittance obligations in connection with the vesting and net settlement of certain outstanding RSUs previously 
 granted to our directors, officers, and employees, which will vest in connection with this offering, and to use