Company: CRCL
Filing Date: 2025-02-13
Form Type: DRS/A
Source: 0000950123-25-001965
Chunk: 343

Company: Circle Internet Group, Inc.
Filing Date: 2025-02-13
Form: DRS/A
Chunk 343
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 31, 2023 and 2022, respectively. During the year ended December 31, 2023, the incremental compensation expense related to modified awards for employee terminations and extended option exercise periods was $31.6 million, which was also included in the stock-based compensation expense. The capitalized stock-based compensation expense related to internally developed software was $13.1 million and $6.3 million for the year ended December 31, 2023 and 2022, respectively. Stock options Granted stock options generally have 10 years terms and have vesting periods ranging from 12 to 48 months. Following are the weighted average assumptions utilized in the valuation of option granted:

|                          |     | Year ended December 31, 
 2023                    |               |     | Year ended December 31, 
 2022                    |             |
|:-------------------------|:----|:------------------------|:--------------|:----|:------------------------|:------------|
| Risk-free interest rate  |     |                         | 3.5% - 4.3%   |     |                         | 1.8% - 2.9% |
| Expected term (years)    |     |                         | 6.1 - 6.3     |     |                         | 5.8 - 6.8   |
| Expected volatility      |     |                         | 46.0% - 46.7% |     |                         | 50% - 55%   |
| Expected annual dividend |     |                         | —             |     |                         | —           |

F-47

CONFIDENTIAL TREATMENT REQUESTED BY CIRCLE INTERNET GROUP, INC. PURSUANT TO 17 C.F.R. § 200.83 A summary of outstanding stock options activities for the year ended December 31, 2023 is presented as below:

|                                  |     | Number of 
 Stock     
 Options   |            |   |     | Weighted         
 Average Exercise 
 Price            |       |     | Weighted          
 Average Remaining 
 Contractual Term  
 (in years)        |      |     | Aggregate      
 Intrinsic      
 Value          
 (in thousands) |         |
|:---------------------------------|:----|:----------|-----------:|:--|:----|:-----------------|------:|:----|:------------------|-----:|:----|