Company: CRCL
Filing Date: 2025-04-01
Form Type: S-1
Source: 0001193125-25-070481
Chunk: 360

Company: Circle Internet Group, Inc.
Filing Date: 2025-04-01
Form: S-1
Chunk 360
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:|:--|:----|:-----------------------|------:|
| Balance as of December 31, 2023                                      |     |                       |  6,122 |   |     | $                      | 17.94 |
| Options vested                                                       |     |                       | (3,720 | ) |     |                        | 14.87 |
| Options forfeited                                                    |     |                       |   (287 | ) |     |                        | 14.51 |
| Balance as of December 31, 2024                                      |     |                       |  2,115 |   |     | $                      | 23.81 |

|                                 |     | Number of  
 Shares (in 
 thousands) |        |   |     | Weighted               
 Average Exercise Price |       |
|:--------------------------------|:----|:-----------|-------:|:--|:----|:-----------------------|------:|
| Balance as of December 31, 2022 |     |            | 10,765 |   |     | $                      | 11.23 |
| Options granted                 |     |            |  1,730 |   |     |                        | 28.68 |
| Options vested                  |     |            | (5,580 | ) |     |                        |  8.99 |
| Options forfeited               |     |            |   (793 | ) |     |                        | 13.21 |
| Balance as of December 31, 2023 |     |            |  6,122 |   |     | $                      | 17.94 |

As of December 31, 2024, unrecognized stock-based compensation cost related to outstanding unvested stock options that are expected to vest was $23.7 million, which is expected to be recognized over a weighted-average period of 1.4 years. Restricted stock units (RSUs) RSUs granted under the Award Plan generally vest upon the satisfaction of both a service condition and a liquidity-event related performance condition. Both the service and liquidity-event related performance conditions must be met for the expense to be recognized. A summary of RSUs activities for the years ended December 31, 2024 and 2023 is as follows:

| Table 18.4. Summary of Restricted Stock Units Activities |     | Number of  
 Shares (in 
 thousands) |        |   |     | Weighted-          
 Average Grant Date 
 Fair Value         |       |
|: