Company: CRCL
Filing Date: 2025-08-12
Form Type: S-1
Source: 0001193125-25-178989
Chunk: 430

Company: Circle Internet Group, Inc.
Filing Date: 2025-08-12
Form: S-1
Chunk 430
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      |     |                                       |         |
| 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 $ 14.19per share for the year ended December 31 , 2023 .

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 Stock Options Activities**

|                                 |     | Number ofShares(in thousands) |        |   |     | WeightedAverageExercise Price |       |
|:--------------------------------|:----|:------------------------------|-------:|:--|:----|:------------------------------|------:|
| Balance as of December 31, 2023 |     |                               |  6,122 |   |     | $                             | 17.94 |
| Options vested                  |     |                               | (3,720 | ) |     |                               | 14.87 |
| Options forfeited               |     |                               |   (287 | ) |     |                               | 14.51 |
| Balance as of December 31, 2024 |     |                               |  2,115 |   |     | $                             | 23.81 |

|                                 |     | Number ofShares (inthousands) |        |   |     | WeightedAverageExercise Price |       |
|:--------------------------------|:----|:------------------------------|-------:|:--|:----|:------------------------------|------:|
| Balance as of December 31, 2022 |     |                               | 10,765 |   |     | $                             |