Company: CRCL
Filing Date: 2025-08-04
Form Type: DRS
Source: 0000950123-25-006942
Chunk: 367

Company: Circle Internet Group, Inc.
Filing Date: 2025-08-04
Form: DRS
Chunk 367
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-based compensation expense of $423.8 million, net of $62.7 million 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. F-26

CONFIDENTIAL TREATMENT REQUESTED BY CIRCLE INTERNET GROUP, INC. PURSUANT TO 17 C.F.R. § 200.83 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 of      
 Shares         
 (in thousands) |        |   |     | Weighted-  
 Average    
 Grant Date 
 Fair 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. 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