Company: CRCL
Filing Date: 2025-08-04
Form Type: DRS
Source: 0000950123-25-006942
Chunk: 366

Company: Circle Internet Group, Inc.
Filing Date: 2025-08-04
Form: DRS
Chunk 366
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3,568,967 |
| Exercisable at June 30, 2025                                |     |                | 19,630 |   |     | $        |  7.84 |     |             | 4.5 |     | $              | 3,404,931 |

A summary of outstanding unvested stock options activities for the six months ended June 30, 2025 is presented as below:

| 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                                                       |     |                | (1,035 | ) |     |          | 19.20 |
| Options forfeited                                                    |     |                |     (8 | ) |     |          | 17.06 |
| Balance as of June 30, 2025                                          |     |                |  1,072 |   |     | $        | 28.30 |

As of June 30, 2025, unrecognized stock-based compensation cost related to outstanding unvested stock options that are expected to vest was $13.9 million, which is expected to be recognized over a weighted-average period of 1.5 years. Restricted stock units (RSUs) Prior to the IPO, RSUs granted under the award plan generally vested upon the satisfaction of both a service condition and a liquidity-event related performance condition. Both the service and liquidity-event related performance conditions needed to be met for the expense to be recognized. RSUs granted after the IPO generally vest solely based on the satisfaction of a service condition. We record stock-based compensation expense for service-based RSUs on a straight-line basis over the requisite service period, which is generally the vesting period. Prior to the IPO, we had not recognized stock-based compensation expense related to certain RSU awards as the qualifying liquidity-event related performance condition had not yet occurred and was not considered probable of occurring. As the performance condition related to these awards was met upon the commencement of trading of the Company’s Class A common stock on the NYSE, the Company recognized stock