Company: CRCL
Filing Date: 2025-05-16
Form Type: S-1/A
Source: 0001193125-25-121234
Chunk: 398

Company: Circle Internet Group, Inc.
Filing Date: 2025-05-16
Form: S-1/A
Chunk 398
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ed         
 Average Exercise 
 Price            |       |     | Weighted          
 Average Remaining 
 Contractual Term  
 (in years)        |      |     | Aggregate      
 Intrinsic      
 Value          
 (in thousands) |         |
|:---------------------------------|:----|:-----------------------|-------:|:--|:----|:-----------------|------:|:----|:------------------|-----:|:----|:---------------|--------:|
| Balance as of December 31, 2022  |     |                        | 25,211 |   |     | $                |  6.69 |     |                   | 7.06 |     | $              | 821,385 |
| Options granted                  |     |                        |  1,730 |   |     |                  | 28.68 |     |                   |      |     |                |         |
| Options exercised                |     |                        |   (990 | ) |     |                  |  1.05 |     |                   |      |     |                |         |
| Options forfeited                |     |                        | (1,498 | ) |     |                  | 10.19 |     |                   |      |     |                |         |
| Balance as of December 31, 2023  |     |                        | 24,453 |   |     |                  |  8.26 |     |                   | 6.50 |     |                | 488,807 |
| Exercisable at December 31, 2023 |     |                        | 18,331 |   |     | $                |  5.02 |     |                   | 6.03 |     | $              | 421,091 |

The intrinsic value is calculated as the difference between the exercise price of the underlying stock option award and the estimated fair value of the Company’s common stock. The aggregate intrinsic value of stock options exercised was $29.1 million and $24.8 million for the years ended December 31, 2024 and 2023, respectively. The weighted-average grant date fair value of options granted was $14.19 per share for the year ended December 31, 2023. F-77

A summary of outstanding unvested stock options activities for the years ended December 31, 2024 and 2023 is presented as below, respectively:

| Table 18.3. Summary of Outstanding Unvested