Company: CRCL
Filing Date: 2025-04-18
Form Type: S-1/A
Source: 0001193125-25-084832
Chunk: 358

Company: Circle Internet Group, Inc.
Filing Date: 2025-04-18
Form: S-1/A
Chunk 358
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8.99 |
| Options forfeited               |     |            |   (793 | ) |     |                        | 13.21 |
| Balance as of December 31, 2023 |     |            |  6,122 |   |     | $                      | 17.94 |

As of December 31, 2024, unrecognized stock-based compensation cost related to outstanding unvested stock options that are expected to vest was $23.7 million, which is expected to be recognized over a weighted-average period of 1.4 years. Restricted stock units (RSUs) RSUs granted under the Award Plan generally vest upon the satisfaction of both a service condition and a liquidity-event related performance condition. Both the service and liquidity-event related performance conditions must be met for the expense to be recognized. A summary of RSUs activities for the years ended December 31, 2024 and 2023 is as follows:

| Table 18.4. Summary of Restricted Stock Units Activities |     | Number of  
 Shares (in 
 thousands) |        |   |     | Weighted-          
 Average Grant Date 
 Fair Value         |       |
|:---------------------------------------------------------|:----|:-----------|-------:|:--|:----|:-------------------|------:|
| Balance as of December 31, 2023                          |     |            | 10,900 |   |     | $                  | 34.96 |
| RSUs granted                                             |     |            | 10,927 |   |     |                    | 27.08 |
| RSUs vested                                              |     |            |     (3 | ) |     |                    | 27.81 |
| RSUs forfeited                                           |     |            | (1,881 | ) |     |                    | 32.77 |
| Balance as of December 31, 2024                          |     |            | 19,943 |   |     | $                  | 30.85 |

F-48

|                                 |     | Number of  
 Shares (in 
 thousands) |        |   |     | Weighted-          
 Average Grant Date 
 Fair Value         |       |
|:--------------------------------|:----|:-----------|-------:|:--|:----|:-------------------|------:|
| Balance as of December 31, 2022 |     |            |  7,183 |   |     | $                  | 38.78 |
| RS