Company: CRCL
Filing Date: 2025-08-12
Form Type: S-1
Source: 0001193125-25-178989
Chunk: 431

Company: Circle Internet Group, Inc.
Filing Date: 2025-08-12
Form: S-1
Chunk 431
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 11.23 |
| Options granted                 |     |                               |  1,730 |   |     |                               | 28.68 |
| Options vested                  |     |                               | (5,580 | ) |     |                               |  8.99 |
| Options forfeited               |     |                               |   (793 | ) |     |                               | 13.21 |
| Balance as of December 31, 2023 |     |                               |  6,122 |   |     | $                             | 17.94 |

<div align='center'>F-7 6</div>

**As of December 31 , 2024 , unrecognized stock-based compensation cost related to outstanding unvested stock options that are expected to vest was $ 23.7 million, which is expected to be recognized over a weighted-average period of 1.4 years.

Restricted stock units (RSUs)

RSUs granted under the Award Plan generally vest upon the satisfaction of both a service condition and a liquidity-event related performance condition. Both the service and liquidity-event related performance conditions must be met for the expense to be recognized.**

A summary of RSUs activities for the years ended December 31 , 2024 and 2023 is as follows:

**Table 18.4 . Summary of Restricted Stock Units Activities**

|                                 |     | Number ofShares (inthousands) |        |   |     | Weighted-AverageGrant DateFair Value |       |
|:--------------------------------|:----|:------------------------------|-------:|:--|:----|:-------------------------------------|------:|
| Balance as of December 31, 2023 |     |                               | 10,900 |   |     | $                                    | 34.96 |
| RSUs granted                    |     |                               | 10,927 |   |     |                                      | 27.08 |
| RSUs vested                     |     |                               |     (3 | ) |     |                                      | 27.81 |
| RSUs forfeited                  |     |                               | (1,881 | ) |     |                                      | 32.77 |
| Balance as of December 31, 2024 |     |                               | 19,943 |   |     | $                                    | 30.85 |

|                                 |     | Number ofShares (inthousands) |        |   |     | Weighted-AverageGrant DateFair Value |       |
|:--------------------------------|:----|