Company: CRCL
Filing Date: 2025-05-16
Form Type: S-1/A
Source: 0001193125-25-121234
Chunk: 249

Company: Circle Internet Group, Inc.
Filing Date: 2025-05-16
Form: S-1/A
Chunk 249
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 that applies to all of our employees, officers, and directors. Upon completion of this offering, the full text of our code of business conduct and ethics 172

will be posted on the investor relations section of our website. We intend to disclose future amendments to our code of business conduct and ethics, or any waivers of such code, on our website or
in public filings.

Compensation committee interlocks and insider participation

None of our executive officers has served as a member of a compensation committee (or if no committee performs that function, the board of directors) of any other entity
that has an executive officer serving as a member of our board of directors.

173

Compensation discussion & analysis The purpose of this “Compensation discussion and analysis” section (the “CD&A”) is to provide a description of our executive compensation programs, including our pay-for-performance philosophy and long-term value strategy, the elements we use in our program, and the considerations used by our Compensation Committee of the board of directors (the “Compensation Committee”) to make sound compensation decisions. This CD&A should be read together with the compensation tables and related disclosures set forth below. This CD&A may contain forward-looking statements that are based on our current plans, considerations, expectations, and determinations regarding future compensation programs. Actual compensation programs that we adopt following the completion of this offering may differ materially from the currently planned programs summarized in this discussion. This discussion focuses on our Chief Executive Officer, Chief Financial Officer, and the three most highly compensated executive officers (the “NEOs”) for fiscal year 2024 who are listed in the table below. While this CD&A focuses primarily on the compensation of our NEOs for fiscal year 2024, this CD&A also includes, where noted, relevant compensation information for our NEOs in fiscal year 2025.

| Jeremy Allaire         |     | Chairman and Chief Executive Officer                 |
| Jeremy Fox-Geen        |     | Chief Financial Officer                              |
| Elisabeth Carpenter(1) |     | Chief Operating Officer                              |
| Heath Tarbert          |     | Chief Legal Officer and Head of Corporate Affairs(2) |
| Nikhil Chandhok        |     | Chief Product Officer(3)                             |

| (1) |     | Effective January 1, 2025, Ms. Carpenter became our Chief Strategic Engagement Officer and was no longer considered an executive officer of our Company, but remains a non-executive officer employee and member of our 
 executive leadership team.                                                                                                                                                                                              |

| (