Company: CRCL
Filing Date: 2025-06-02
Form Type: S-1/A
Source: 0001193125-25-132755
Chunk: 408

Company: Circle Internet Group, Inc.
Filing Date: 2025-06-02
Form: S-1/A
Chunk 408
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 |     | Number of  
 Shares (in 
 thousands) |        |   |     | Weighted-          
 Average Grant Date 
 Fair Value         |       |
|:---------------------------------------------------------|:----|:-----------|-------:|:--|:----|:-------------------|------:|
| Balance as of December 31, 2023                          |     |            | 10,900 |   |     | $                  | 34.96 |
| RSUs granted                                             |     |            | 10,927 |   |     |                    | 27.08 |
| RSUs vested                                              |     |            |     (3 | ) |     |                    | 27.81 |
| RSUs forfeited                                           |     |            | (1,881 | ) |     |                    | 32.77 |
| Balance as of December 31, 2024                          |     |            | 19,943 |   |     | $                  | 30.85 |

F-78

|                                 |     | Number of  
 Shares (in 
 thousands) |        |   |     | Weighted-          
 Average Grant Date 
 Fair Value         |       |
|:--------------------------------|:----|:-----------|-------:|:--|:----|:-------------------|------:|
| 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