Company: CRCL
Filing Date: 2025-05-16
Form Type: S-1/A
Source: 0001193125-25-121234
Chunk: 400

Company: Circle Internet Group, Inc.
Filing Date: 2025-05-16
Form: S-1/A
Chunk 400
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 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-incapital. 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.

| Table 18.5. Summary of Shares Issued for Business Combinations Activities |     | Number of  
 Shares (in 
 thousands) |        |   |     | Weighted-          
 Average Grant Date 
 Fair Value         |       |
|:--------------------------------------------------------------------------|:----|:-----------|-------:|:--|:----|:-------------------|------:|
| Balance as of December 31, 2023                                           |     |            |  2,036 |   |     | $                  | 47.82 |
| Shares vested                                                             |     |            | (1,445 | ) |     |                    | 47.82 |
| Shares forfeited                                                          |     |            |    (43 | ) |     |                    | 47.82 |
| Balance as of December 31, 2024                                           |     |            |    548 |   |     | $                  | 47.82 |

|                                 |     | Number of  
 Shares (in 
 thousands) |       |   |     | Weighted-          
 Average Grant Date 
 Fair Value         |       |
|:--------------------------------|:----|:-----------|------:|:--|:----|:-------------------|------:|
| Balance as of December 31, 2022 |     |            | 2,952 |   |     | $                  | 47.82 |
| Shares vested                   |     |            |  (874 | ) |     |                    | 47.82 |
| Shares forfeited                |     |            |   (42 | ) |     |                    | 47.82 |
| Balance as of December 31, 2023 |     |            | 2,036 |   |     | $                  | 47.82 |

For the year ended December 31, 2024, post-combination stock-based compensation cost included in the stock-based compensation expense was $31.0 million. As of December 31, 2024, unrecognized stock-based compensation cost related to outstanding unvested shares and warrants issued for business