Company: CRCL
Filing Date: 2025-08-12
Form Type: S-1
Source: 0001193125-25-178989
Chunk: 432

Company: Circle Internet Group, Inc.
Filing Date: 2025-08-12
Form: S-1
Chunk 432
---
:------------------------------|-------:|:--|:----|:-------------------------------------|------:|
| Balance as of December 31, 2022 |     |                               |  7,183 |   |     | $                                    | 38.78 |
| RSUs granted                    |     |                               |  4,992 |   |     |                                      | 30.42 |
| RSUs vested                     |     |                               |    (61 | ) |     |                                      | 33.17 |
| RSUs forfeited                  |     |                               | (1,214 | ) |     |                                      | 38.98 |
| Balance as of December 31, 2023 |     |                               | 10,900 |   |     | $                                    | 34.96 |

**As of December 31 , 2024 , unrecognized stock-based compensation cost related to outstanding unvested RSUs that are expected to vest was $ 528.0 million, which is expected to be recognized over a weighted-average period of 0.9 years.

Shares issued for business combinations

The Company has issued the following common shares for the purchase of common shares subject to forfeiture based on certain service conditions in connection with its acquisitions. These shares were issued to the employees of the acquired businesses and are valued based on the fair value of the Company’s common shares at the acquisition date. The Company records share-based compensation expenses over the requisite service period, with an increase to additional paid-in capital. 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 ofShares (inthousands) |        |   |     | Weighted-AverageGrant DateFair 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