Company: CRCL
Filing Date: 2025-08-04
Form Type: DRS
Source: 0000950123-25-006942
Chunk: 257

Company: Circle Internet Group, Inc.
Filing Date: 2025-08-04
Form: DRS
Chunk 257
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 directors has adopted a code of business conduct and ethics that applies to all of our employees, officers, and directors. The full text of our code of business conduct and ethics is posted on the investor relations section of our website. We intend to disclose future amendments to our code of business conduct and ethics, or any waivers of such code, on our website or in public filings. Compensation committee interlocks and insider participation None of our executive officers have served as a member of a compensation committee (or if no committee performs that function, the board of directors) of any other entity that has an executive officer serving as a member of our board of directors. 157

CONFIDENTIAL TREATMENT REQUESTED BY CIRCLE INTERNET GROUP, INC. PURSUANT TO 17 C.F.R. § 200.83 COMPENSATION DISCUSSION & ANALYSIS The purpose of this “Compensation discussion and analysis” section (the “CD&A”) is to provide a description of our executive compensation programs, including our pay-for-performance philosophy and long-term value strategy, the elements we use in our program, and the considerations used by our Compensation Committee of the board of directors (the “Compensation Committee”) to make sound compensation decisions. This CD&A should be read together with the compensation tables and related disclosures set forth below. This discussion focuses on our Chief Executive Officer, Chief Financial Officer, and the three most highly compensated executive officers (the “NEOs”) for fiscal year 2024 who are listed in the table below. While this CD&A focuses primarily on the compensation of our NEOs for fiscal year 2024, this CD&A also includes, where noted, relevant compensation information for our NEOs in fiscal year 2025.

| Jeremy Allaire         |     | Chairman and Chief Executive Officer                 |
| Jeremy Fox-Geen        |     | Chief Financial Officer                              |
| Elisabeth Carpenter(1) |     | Chief Operating Officer                              |
| Heath Tarbert          |     | Chief Legal Officer and Head of Corporate Affairs(2) |
| Nikhil Chandhok        |     | Chief Product Officer(3)                             |

| (1) | Effective January 1, 2025, Ms. Carpenter became our Chief Strategic Engagement Officer and was no                                                
 longer considered an executive officer of our Company, but remains a non-executive officer employee and member of our executive leadership team. |

| (2) | Effective January 1, 2025, Mr. Tarbert was promoted to “President” and remains