Company: CRCL
Filing Date: 2025-08-12
Form Type: S-1
Source: 0001193125-25-178989
Chunk: 322

Company: Circle Internet Group, Inc.
Filing Date: 2025-08-12
Form: S-1
Chunk 322
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 any of the lock-up arrangements described above, in whole or in part at any time. On June 23, 2025, J.P. Morgan Securities LLC released 943,450 shares of Class A common stock held by certain of our employees from the foregoing lock-up restrictions. On July 1, 2025, J.P. Morgan Securities LLC released (i) 616,142 shares of Class A common stock held by a bankruptcy recovery trust and (ii) 5,925 shares of Class A common stock held by a former employee from the foregoing lock-up restrictions. On August 1, 2025, J.P. Morgan Securities LLC agreed to release up to 1,900,000 shares of Class A common stock held by our employees who are not officers of the Company, effective immediately prior to the commencement of market trading on the NYSE on August 13, 2025. On August 12, 2025, J.P. Morgan Securities LLC agreed to release 33,608 shares of Class A common stock issuable upon the exercise of options held by one of our executive officers from the foregoing lock-up restrictions, effective as of August 15, 2025. We, our directors and executive officers, the selling stockholders and holders of our capital stock will not enter into any lock-up or related agreements in connection with this offering; however, except as described herein, the lock-up agreements entered into in connection with our initial public offering will remain in full force and effect.

In connection with this offering, J.P. Morgan Securities LLC has agreed to waive (i) the restrictions under the company lock-up with respect to the issuance and sale of up to 3,500,000 shares of Class A common stock by us in this offering, (ii) the restrictions under the lock-up agreements entered into in connection with our initial public offering with respect to 8,000,000 shares of Class A common stock to be sold by the selling stockholders in this offering, and (iii) to permit the filing of the registration statement of which this prospectus forms a part.

In addition, for selling stockholders that are not directors, officers or employees of the Company, and for certain other investors with participation rights, J.P. Morgan Securities LLC has agreed to release up to 10,000,000 shares of Class A Common Stock (the “Early Release Shares”) on a pro rata basis in respect of such investors’ total shareholdings at the time of the release (the “Early