Company: CRCL
Filing Date: 2025-08-04
Form Type: DRS
Source: 0000950123-25-006942
Chunk: 275

Company: Circle Internet Group, Inc.
Filing Date: 2025-08-04
Form: DRS
Chunk 275
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 of Circle under the Executive Severance Guidelines. Had the NEOs been terminated as of December 31, 2024, they would have been entitled to severance under their original offer letters, which generally provided for a multiplier on their base salary plus their pro rata target bonus. The following table sets forth the payments and benefits each of our NEOs would receive upon a termination by Circle without “cause” or by such individual for “good reason”:

| Name           
 Jeremy Allaire |     | Cash severance                               
 1.5x the sum of base salary and target bonus |     | Benefit continuation                                                                                                    
 Continuation of medical and welfare benefits at Circle’s cost for the 18-month period following the date of termination |     | Equity awards                                                                                           
 Outstanding equity incentive awards will be treated in accordance with their terms and conditions       |
|:---------------|:----|:---------------------------------------------|:----|:------------------------------------------------------------------------------------------------------------------------|:----|:--------------------------------------------------------------------------------------------------------|
| All other NEOs |     | 1.0x the sum of base salary and target bonus |     | Continuation of medical and welfare benefits at Circle’s cost for the one-year period following the date of termination |     | Vested options will remain exercisable for nine months                                                  
 Other outstanding equity incentive awards will be treated in accordance with their terms and conditions |

Termination without cause or for good reason in connection with a change in control Under the Executive Severance Guidelines, in the event that the NEO’s employment is terminated by Circle without “cause” or by such individual for “good reason,” in each case, within three months prior to or 12 months after a “change in control” of Circle, then such individual would be eligible to receive the payments and benefits detailed below. Had the NEOs been terminated as of December 31, 2024, they would have been entitled to severance under their original offer letters, which generally provided for a multiplier on their base salary plus their pro rata target bonus.

171

CONFIDENTIAL TREATMENT REQUESTED BY CIRCLE INTERNET GROUP, INC. PURSUANT TO 17 C.F.R. § 200.83

The Executive Severance Guidelines also include a “best net” provision such that if the amounts to be received upon a termination of employment in connection with a change in control would trigger the excise tax on parachute payments, either the payments will be lowered so as not to trigger the excise tax, or they will be paid in full subject to the tax, whichever