Company: CRCL
Filing Date: 2025-05-16
Form Type: S-1/A
Source: 0001193125-25-121234
Chunk: 257

Company: Circle Internet Group, Inc.
Filing Date: 2025-05-16
Form: S-1/A
Chunk 257
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measures for Circle’s benefit because of the importance of Mr. Allaire’s role to our Company, and we believe that the scope and costs of these security measures are appropriate and necessary. We report the aggregate incremental cost to the
Company for these services in the “All Other Compensation” column of “Executive Compensation—Summary Compensation Table” below.

Employment arrangements with NEOs

We have entered into offer letters
with each of our NEOs. In fiscal year 2025, we also adopted executive severance guidelines (the “Executive Severance Guidelines”), which provide for certain payments and benefits in the event of a termination of employment, including an
involuntary termination of employment in connection with a change in control of Circle. All of our NEOs are eligible for severance benefits under the Executive Severance Guidelines and the terms of the Executive Severance Guidelines replace the
severance provisions in such NEO’s offer letters, if any. The terms and conditions relating to the Executive Severance Guidelines are set forth below in “—Executive Compensation—Potential Payments Upon Termination or Change in
Control.”

Offer letters

The material terms of the applicable offer
letters with Mr. Allaire, Mr. Fox-Geen, Ms. Carpenter, Mr. Tarbert, and Mr. Chandhok are described below.

Jeremy Allaire. We
entered into an offer letter with Mr. Allaire, dated February 1, 2025 (the “Allaire Offer Letter”), which detailed his then-current terms of employment in the position of Chief Executive Officer. The Allaire Offer Letter sets
forth Mr. Allaire’s annual base salary, his target bonus percentage, and his eligibility to participate in our equity incentive plan and our benefit plans generally. Mr. Allaire is subject to our standard noncompetition, non-solicitation, confidentiality, and assignment agreement, which provides for restrictions on noncompetition (during employment and for one year post-termination), employee and customer non-solicitation (during employment and for one year post-termination), confidentiality (perpetual), and assignment of intellectual property rights.

Jeremy Fox-Geen. We entered into an offer letter with Mr. Fox-Geen, dated as of February 1, 2025 (the “Fox-Geen Offer Letter”). The
Fox-Geen Offer Letter sets forth the terms of Mr. Fox-Geen’s employment, including his positions and duties, his annual base salary, his target bonus percentage, and his eligibility to participate in our