Company: CRCL
Filing Date: 2025-08-12
Form Type: S-1
Source: 0001193125-25-178989
Chunk: 369

Company: Circle Internet Group, Inc.
Filing Date: 2025-08-12
Form: S-1
Chunk 369
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 of capitalized costs related to internally developed software, associated with the vesting of RSUs for which the service-based condition have also been met. Stock-based compensation expense related to remaining service-based awards after the IPO is recorded over the remaining requisite service period.**

A summary of RSUs activities for the six months ended June 30, 2025 is as follows:

| 17.3. Summary of Restricted Stock Units Activities |     | Number ofShares(in thousands) |        |   |     | Weighted-AverageGrant DateFair Value |       |
|:---------------------------------------------------|:----|:------------------------------|-------:|:--|:----|:-------------------------------------|------:|
| Balance as of December 31, 2024                    |     |                               | 19,943 |   |     | $                                    | 30.85 |
| RSUs granted                                       |     |                               |  7,129 |   |     |                                      | 31.13 |
| RSUs vested                                        |     |                               | (9,543 | ) |     |                                      | 33.37 |
| RSUs forfeited                                     |     |                               |   (714 | ) |     |                                      | 29.67 |
| Balance as of June 30, 2025                        |     | $                             | 16,815 |   |     | $                                    | 29.58 |

As of June 30, 2025, unrecognized stock-based compensation cost related to outstanding unvested RSUs that are expected to vest was $ 309.9 million, which is expected to be recognized over a weighted-average period of 3.2 years.

<div align='center'>F-27</div>

**Shares issued for business combinations

The Company has issued the following share-based payments 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.**

| 17.4. Summary of Shares Issued for Business Combinations Activities |     | Number ofShares(in thousands) |       |   |     | Weighted-AverageGrant DateFair Value |       |
|:--------------------------------------------------------------------|: