Company: CRCL
Filing Date: 2025-04-01
Form Type: S-1
Source: 0001193125-25-070481
Chunk: 359

Company: Circle Internet Group, Inc.
Filing Date: 2025-04-01
Form: S-1
Chunk 359
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| Series D                              |     |            | 5/17/2016 |     | $     |  2.76 |     | $          |  2.76 |     | $           |  2.76 |     |                   | 23,203 |
| Series E                              |     |            | Various   |     | $     | 16.23 |     | $          | 16.23 |     | $           | 16.23 |     |                   | 37,391 |
| Series F                              |     |            | 5/9/2022  |     | $     | 42.14 |     | $          | 42.14 |     | $           | 42.14 |     |                   |  9,516 |

18. Stock-based compensation Stock-based compensation expense was $50.1 million, $108.0 million and $69.3 million for the years ended December 31, 2024, 2023 and 2022, respectively. During the year ended December 31, 2023, the incremental compensation expense related to modified awards for employee terminations and extended option exercise periods was $31.6 million, which was also included in the stock-based compensation expense. The capitalized stock-based compensation expense related to internally developed software was $13.6 million, $13.1 million and $6.3 million for the years ended December 31, 2024, 2023 and 2022, respectively. F-46

Stock options Granted stock options generally have 10 years terms and have vesting periods ranging from 12 to 48 months. There were no options granted for the year ended December 31, 2024. The weighted average assumptions utilized in the valuation of options granted are presented as below:

| Table 18.1. Stock Options Valuation Assumptions |     |      |             |     |      |             |
|                                                 |     | 2023 |             |     | 2022 |             |
| Risk-free interest rate                         |     |      | 3.5% - 4.3% |     |      | 1.8% - 2.9% |
| Expected term (years)                           |     |      | 6.1 - 6.3   |     |      | 5.8 - 6.8   |
|