Company: CRCL
Filing Date: 2025-08-12
Form Type: S-1
Source: 0001193125-25-178989
Chunk: 321

Company: Circle Internet Group, Inc.
Filing Date: 2025-08-12
Form: S-1
Chunk 321
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 upon such exercise, vesting, or settlement would be subject to restrictions similar to those in the immediately preceding paragraph; (c) the reclassification or conversion of outstanding preferred stock, warrants to acquire preferred stock, or convertible securities into shares of our common stock or warrants to acquire shares of our common stock, provided that any common stock or warrant received upon such reclassification or conversion would be subject to restrictions similar to those in the immediately preceding paragraph; (d) the establishment by lock-up parties of trading plans under Rule 10b5-1 under the Exchange Act, provided that such plan does not provide for the transfer of lock-up securities during the restricted period and no filing or public announcement will be made voluntarily in connection with such trading plan and any public announcement or filing made by any person regarding the establishment of such plan during the restricted period will include a statement that the lock-up party may not transfer or dispose of securities under such plan in contravention of the lock-up agreement; (e) the sale of our Class A common stock pursuant to the terms of the underwriting agreement; (f) pledge any lock-up securities to the Circle Foundation, provided that no filing or public announcement will be made

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voluntarily in connection with any such pledge; (g) the exchange of our Class A common stock into our Class C common stock; provided that any lock-up securities received upon such exchange shall be subject to the foregoing restrictions; and (h) the conversion of our Class A common stock into our Class B common stock or our Class B common stock into our Class A common stock, in each case, as set forth in our certificate of incorporation, provided that any lock-up securities received upon such conversion shall be subject to the foregoing restrictions. Notwithstanding the foregoing, if the stockholder is an employee of ours who is not an officer as defined under Section 16 of the Exchange Act, then on the date that is the first trading day after we publicly announce our earnings for the quarter ended June 30, 2025, a portion of the aggregate number of shares of Class A common stock and shares underlying vested equity awards that settle in Class A common stock, in each case held by such employee as of such date, will be released from the foregoing restrictions.

We have agreed that we will not waive the market standoff provision in any stockholder agreement without the prior written consent of J.P. Morgan Securities LLC. J.P. Morgan Securities LLC, in its sole discretion, may release the securities subject to