Circle Internet Group, Inc.

CRCL · Finance Services · 67.5M shares · EDGAR filings ↗

Net buyback after stock comp: -$99M (gross $9M, SBC $108M)

Reference price $70.83 · est. market cap ~$4.8B — last insider sale, 2026-06-24 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)

Grade

C55

Leading USDC stablecoin issuer with strong cash flow and fast growth, but a GAAP net loss and concentrated, rate-sensitive revenue.

Strengths

Top-tier cash generation — FCF 98th pct ($530M) and OCF margin 78th pct
Rapid scaling: USDC circulation +72% to $75B, revenue +64% to $2.7B, adjusted EBITDA +104%

Risks

GAAP net loss (-$70M); ~96% of revenue is interest-rate-sensitive reserve income — a single concentrated stream
Intense competition, evolving GENIUS Act/regulatory regime, and stablecoin redemption/run risk

Notable findings

Exec changeRecent 8-K item 5.02 8-K ↗
Net lossNet loss (net margin -2.5%)
Customer concentration~99% of revenue from one customer/distributor — 0% and 99
Strong balance sheetStrong balance sheet — $1.6B cash & investments
Insider sellingInsider selling — 156 open-market sale(s) by 10 insider(s) (cluster of 10 insiders, ~$218M, last 6mo) Form 4 ↗

Quarterly revenue

2025-06-30 · $658M2025-09-30 · $740M2025-12-31 · $770M2026-03-31 · $694M

Last 4 quarters · from SEC filings.

Key metrics

Operating margin

-3.5%

Net margin

-2.5%

Return on equity

-2.1%

Return on assets

-0.1%

Revenue growth (QoQ)

-9.9%

Current ratio

1.0×

Free cash flow

$530M

EBITDA

-$20M

Tangible book value

$2.7B

Cash & investments

$1.6B

Stock comp / revenue

20.6%

Insider transactions · last 18 months

Date	Insider	Type	Shares	Price
2026-06-25	Chandhok Nikhil	Option exercise	200K	$25.81
2026-06-25	Chandhok Nikhil	Option exercise	10K	$32.95
2026-06-24	Chandhok Nikhil	Sell	112K	$70.83
2026-06-24	Chandhok Nikhil	Sell	189K	$72.73
2026-06-24	Chandhok Nikhil	Sell	79K	$73.43
2026-06-24	Chandhok Nikhil	Option exercise	30K	$32.95
2026-06-24	Chandhok Nikhil	Sell	1.3K	$75.36
2026-06-24	Chandhok Nikhil	Option exercise	460K	$25.81
2026-06-24	Chandhok Nikhil	Sell	35K	$74.67
2026-06-24	Chandhok Nikhil	Sell	74K	$71.53
2026-06-10	Tarbert Heath	Sell	6.2K	$79.36
2026-06-10	Razzaghi Hossein	Sell	35K	$78.85
2026-06-10	Tarbert Heath	Sell	7.9K	$80.35
2026-06-10	Tarbert Heath	Sell	8.8K	$81.35
2026-06-10	Tarbert Heath	Sell	7.5K	$82.38
2026-06-10	Tarbert Heath	Sell	8.1K	$83.20
2026-06-10	Tarbert Heath	Sell	825	$84.03
2026-06-09	Neville Patrick Sean	Conversion	50K	—
2026-06-09	Neville Patrick Sean	Sell	47K	$81.26
2026-06-09	Neville Patrick Sean	Sell	2.7K	$82.05
2026-06-09	Date Rajeev V	Option exercise	1.3K	$0.08
2026-06-09	Date Rajeev V	Sell	1.3K	$85.00
2026-06-08	Neville Patrick Sean	Sell	350K	$82.15
2026-06-08	Date Rajeev V	Option exercise	1.3K	$0.08
2026-06-08	Date Rajeev V	Sell	1.3K	$83.75
2026-06-08	Neville Patrick Sean	Sell	253K	$83.76
2026-06-08	Chandhok Nikhil	Option exercise	23K	$25.81
2026-06-08	Chandhok Nikhil	Sell	27K	$83.75
2026-06-08	Neville Patrick Sean	Conversion	1.0M	—
2026-06-08	Neville Patrick Sean	Sell	431K	$82.94
2026-06-05	Allaire Jeremy	Sell	22	$87.95
2026-06-05	Fox-Geen Jeremy	Sell	8.1K	$88.00
2026-06-05	Allaire Jeremy	Sell	110	$79.11
2026-06-05	Allaire Jeremy	Sell	154	$79.93
2026-06-05	Allaire Jeremy	Sell	228	$81.11
2026-06-05	Allaire Jeremy	Sell	230	$81.93
2026-06-05	Allaire Jeremy	Sell	181	$83.07
2026-06-05	Allaire Jeremy	Sell	202	$84.05
2026-06-05	Allaire Jeremy	Sell	134	$84.95
2026-06-05	Allaire Jeremy	Sell	131	$85.97
2026-06-05	Allaire Jeremy	Sell	124	$86.89
2026-06-05	Allaire Jeremy	Sell	22	$87.95
2026-06-05	Allaire Jeremy	Sell	110	$79.11
2026-06-05	Allaire Jeremy	Sell	154	$79.93
2026-06-05	Allaire Jeremy	Sell	228	$81.11
2026-06-05	Allaire Jeremy	Sell	230	$81.93
2026-06-05	Allaire Jeremy	Sell	181	$83.07
2026-06-05	Allaire Jeremy	Sell	202	$84.05
2026-06-05	Allaire Jeremy	Sell	134	$84.95
2026-06-05	Allaire Jeremy	Sell	131	$85.97
2026-06-05	Allaire Jeremy	Sell	124	$86.89
2026-06-05	Allaire Jeremy	Sell	22	$87.95
2026-06-05	Allaire Jeremy	Sell	4.1K	$79.11
2026-06-05	Allaire Jeremy	Sell	5.7K	$79.93
2026-06-05	Allaire Jeremy	Sell	8.4K	$81.11
2026-06-05	Allaire Jeremy	Sell	8.5K	$81.93
2026-06-05	Allaire Jeremy	Sell	6.7K	$83.07
2026-06-05	Allaire Jeremy	Sell	7.5K	$84.05
2026-06-05	Allaire Jeremy	Sell	5.0K	$84.95
2026-06-05	Allaire Jeremy	Sell	4.9K	$85.97
2026-06-05	Allaire Jeremy	Sell	4.6K	$86.89
2026-06-05	Allaire Jeremy	Sell	832	$87.95
2026-06-05	Allaire Jeremy	Sell	110	$79.11
2026-06-05	Allaire Jeremy	Sell	154	$79.93
2026-06-05	Allaire Jeremy	Sell	228	$81.11
2026-06-05	Allaire Jeremy	Sell	230	$81.93
2026-06-05	Allaire Jeremy	Sell	181	$83.07
2026-06-05	Allaire Jeremy	Sell	202	$84.05
2026-06-05	Allaire Jeremy	Sell	134	$84.95
2026-06-05	Allaire Jeremy	Sell	131	$85.97
2026-06-05	Allaire Jeremy	Sell	124	$86.89
2026-06-05	Allaire Jeremy	Sell	22	$87.95
2026-06-05	Allaire Jeremy	Sell	110	$79.11
2026-06-05	Allaire Jeremy	Sell	154	$79.93
2026-06-05	Allaire Jeremy	Sell	228	$81.11
2026-06-05	Allaire Jeremy	Sell	230	$81.93
2026-06-05	Allaire Jeremy	Sell	181	$83.07
2026-06-05	Allaire Jeremy	Sell	202	$84.05
2026-06-05	Allaire Jeremy	Sell	134	$84.95
2026-06-05	Allaire Jeremy	Sell	131	$85.97
2026-06-05	Allaire Jeremy	Sell	124	$86.89
2026-06-03	BURNS M MICHELE	Sell	1.7K	$98.76
2026-06-01	Schulz Tamara L	Tax withheld	1.5K	$113.00
2026-06-01	Allaire Jeremy	Tax withheld	8.2K	$113.00
2026-06-01	Allaire Jeremy	Conversion	281K	—
2026-06-01	Neville Patrick Sean	Conversion	30K	—
2026-06-01	Neville Patrick Sean	Sell	14K	$106.22
2026-06-01	Neville Patrick Sean	Sell	13K	$107.34
2026-06-01	Neville Patrick Sean	Sell	3.2K	$108.28
2026-06-01	Neville Patrick Sean	Conversion	5.0K	—
2026-06-01	Neville Patrick Sean	Sell	5.0K	$108.75
2026-06-01	Tarbert Heath	Tax withheld	11K	$113.00
2026-06-01	Schulz Tamara L	Sell	1.2K	$101.82
2026-06-01	Razzaghi Hossein	Tax withheld	7.0K	$113.00
2026-06-01	Fox-Geen Jeremy	Tax withheld	7.4K	$113.00
2026-06-01	Chandhok Nikhil	Tax withheld	7.6K	$113.00
2026-05-21	Chandhok Nikhil	Option exercise	10K	$25.81
2026-05-21	Chandhok Nikhil	Sell	10K	$111.00
2026-05-15	Selipsky Adam	Grant	2.0K	—
2026-05-15	Neville Patrick Sean	Grant	2.0K	—
2026-05-15	Ostling Danita K	Grant	2.0K	—
2026-05-15	Broderick Craig W.	Grant	2.0K	—
2026-05-15	BURNS M MICHELE	Grant	2.0K	—
2026-05-15	Date Rajeev V	Grant	2.0K	—
2026-05-15	Horowitz Bradley	Grant	2.0K	—
2026-05-15	Koenigsbauer Kirk James	Grant	2.0K	—
2026-05-12	Ostling Danita K	Sell	1.2K	$132.06
2026-05-11	Horowitz Bradley	Other	53	—
2026-05-06	Date Rajeev V	Option exercise	3.8K	$0.08
2026-05-06	Date Rajeev V	Sell	3.8K	$115.00
2026-05-05	BURNS M MICHELE	Sell	10K	$120.15
2026-05-04	Fox-Geen Jeremy	Sell	4.2K	$107.10
2026-05-04	BURNS M MICHELE	Sell	1.7K	$107.61
2026-05-04	Horowitz Bradley	Other	45	—
2026-05-04	Schulz Tamara L	Sell	1.2K	$107.10
2026-05-01	Neville Patrick Sean	Conversion	30K	—
2026-05-01	Neville Patrick Sean	Sell	30K	$92.65
2026-05-01	Neville Patrick Sean	Conversion	5.0K	—
2026-05-01	Neville Patrick Sean	Sell	5.0K	$92.64
2026-05-01	Tarbert Heath	Tax withheld	8.0K	$90.88
2026-05-01	Schulz Tamara L	Tax withheld	1.0K	$90.88
2026-05-01	Fox-Geen Jeremy	Sell	7.2K	$92.64
2026-05-01	Fox-Geen Jeremy	Tax withheld	3.9K	$90.88
2026-05-01	Razzaghi Hossein	Tax withheld	1.7K	$90.88
2026-05-01	Chandhok Nikhil	Tax withheld	3.8K	$90.88
2026-05-01	Fox-Geen Jeremy	Option exercise	7.2K	$10.11
2026-04-21	Chandhok Nikhil	Option exercise	10K	$25.81
2026-04-21	Chandhok Nikhil	Sell	10K	$104.00
2026-04-13	Tarbert Heath	Sell	4.8K	$96.14
2026-04-13	Tarbert Heath	Sell	608	$97.93
2026-04-13	Tarbert Heath	Sell	900	$90.00
2026-04-13	Tarbert Heath	Sell	600	$91.35
2026-04-13	Tarbert Heath	Sell	556	$92.79
2026-04-13	Tarbert Heath	Sell	3.3K	$94.20
2026-04-13	Tarbert Heath	Sell	2.6K	$95.15
2026-04-13	Tarbert Heath	Sell	1.6K	$97.19
2026-04-07	Date Rajeev V	Sell	1.3K	$95.00
2026-04-07	Date Rajeev V	Option exercise	1.3K	$0.08
2026-04-06	BURNS M MICHELE	Sell	1.7K	$92.38
2026-04-06	Date Rajeev V	Option exercise	2.5K	$0.08
2026-04-06	Date Rajeev V	Sell	2.5K	$92.99
2026-04-02	Schulz Tamara L	Sell	1.2K	$87.58
2026-04-02	Fox-Geen Jeremy	Sell	4.2K	$90.00
2026-04-01	Fox-Geen Jeremy	Sell	7.2K	$98.04
2026-04-01	Fox-Geen Jeremy	Tax withheld	3.9K	$95.41
2026-04-01	Razzaghi Hossein	Tax withheld	1.7K	$95.41
2026-04-01	Schulz Tamara L	Tax withheld	1.0K	$95.41
2026-04-01	Neville Patrick Sean	Conversion	30K	—
2026-04-01	Neville Patrick Sean	Conversion	5.0K	—
2026-04-01	Neville Patrick Sean	Sell	30K	$98.04
2026-04-01	Neville Patrick Sean	Sell	5.0K	$98.04
2026-04-01	Tarbert Heath	Tax withheld	8.0K	$95.41
2026-04-01	Chandhok Nikhil	Tax withheld	3.8K	$95.41
2026-04-01	Fox-Geen Jeremy	Option exercise	7.2K	$10.11
2026-03-23	Chandhok Nikhil	Sell	10K	$123.08
2026-03-23	Chandhok Nikhil	Option exercise	10K	$25.81
2026-03-16	Horowitz Bradley	Other	59	—
2026-03-16	Koenigsbauer Kirk James	Grant	3.5K	—
2026-03-13	Tarbert Heath	Sell	2.9K	$115.62
2026-03-13	Tarbert Heath	Sell	2.7K	$113.80
2026-03-13	Tarbert Heath	Sell	2.9K	$114.73
2026-03-13	Tarbert Heath	Sell	1.4K	$116.75
2026-03-13	Tarbert Heath	Sell	3.2K	$117.79
2026-03-13	Tarbert Heath	Sell	1.8K	$118.58
2026-03-12	BURNS M MICHELE	Sell	11K	$112.64
2026-03-12	Date Rajeev V	Sell	3.8K	$113.00
2026-03-12	Date Rajeev V	Option exercise	3.8K	$0.08
2026-03-12	BURNS M MICHELE	Sell	1.2K	$113.33
2026-03-10	Horowitz Bradley	Other	88	—
2026-03-10	Tarbert Heath	Sell	7.0K	$119.57
2026-03-10	Tarbert Heath	Sell	4.5K	$120.74
2026-03-10	Tarbert Heath	Sell	600	$121.48
2026-03-10	Tarbert Heath	Option exercise	44K	$25.09
2026-03-10	Tarbert Heath	Sell	11K	$115.12
2026-03-10	Tarbert Heath	Sell	2.3K	$116.82
2026-03-10	Tarbert Heath	Sell	9.3K	$117.54
2026-03-10	Tarbert Heath	Sell	8.7K	$118.56
2026-03-09	BURNS M MICHELE	Gift	22	—
2026-03-04	BURNS M MICHELE	Sell	25K	$105.00
2026-03-04	BURNS M MICHELE	Option exercise	25K	$0.08
2026-03-03	BURNS M MICHELE	Option exercise	85K	$0.08
2026-03-03	Fox-Geen Jeremy	Sell	4.2K	$93.00
2026-03-03	BURNS M MICHELE	Sell	10K	$100.00
2026-03-03	BURNS M MICHELE	Sell	25K	$103.09
2026-03-03	Schulz Tamara L	Sell	1.3K	$93.00
2026-03-03	Razzaghi Hossein	Sell	43K	$100.00
2026-03-02	Tarbert Heath	Option exercise	75K	$25.09
2026-03-02	Schulz Tamara L	Tax withheld	1.4K	$83.44
2026-03-02	Fox-Geen Jeremy	Grant	119K	—
2026-03-02	Fox-Geen Jeremy	Option exercise	7.2K	$10.11
2026-03-02	Fox-Geen Jeremy	Sell	7.2K	$90.00
2026-03-02	Fox-Geen Jeremy	Tax withheld	3.9K	$83.44
2026-03-02	Chandhok Nikhil	Grant	119K	—
2026-03-02	Chandhok Nikhil	Tax withheld	3.8K	$83.44
2026-03-02	Tarbert Heath	Grant	119K	—
2026-03-02	Tarbert Heath	Tax withheld	8.0K	$83.44
2026-03-02	Tarbert Heath	Sell	9.3K	$90.24
2026-03-02	Tarbert Heath	Sell	4.1K	$91.82
2026-03-02	Tarbert Heath	Sell	20K	$92.77
2026-03-02	Tarbert Heath	Sell	25K	$93.83
2026-03-02	Tarbert Heath	Sell	35K	$95.14
2026-03-02	Tarbert Heath	Sell	29K	$96.12
2026-03-02	Allaire Jeremy	Grant	238K	—
2026-03-02	Neville Patrick Sean	Conversion	30K	—
2026-03-02	Neville Patrick Sean	Sell	30K	$90.00
2026-03-02	Neville Patrick Sean	Conversion	5.0K	—
2026-03-02	Neville Patrick Sean	Sell	5.0K	$90.00
2026-03-02	BURNS M MICHELE	Option exercise	80K	$0.08
2026-03-02	BURNS M MICHELE	Sell	10K	$93.00
2026-03-02	BURNS M MICHELE	Sell	10K	$94.00
2026-03-02	BURNS M MICHELE	Sell	40K	$95.00
2026-03-02	BURNS M MICHELE	Sell	20K	$96.00
2026-03-02	Razzaghi Hossein	Grant	119K	—
2026-03-02	Razzaghi Hossein	Tax withheld	3.4K	$83.44
2026-02-26	Ostling Danita K	Sell	2.5K	$88.16
2026-02-26	Allaire Jeremy	Sell	379	$90.04
2026-02-26	Allaire Jeremy	Sell	379	$90.04
2026-02-26	Allaire Jeremy	Sell	14K	$90.04
2026-02-26	Allaire Jeremy	Sell	379	$90.04
2026-02-26	Allaire Jeremy	Sell	379	$90.04
2026-02-26	Neville Patrick Sean	Sell	30K	$90.00
2026-02-26	Neville Patrick Sean	Conversion	5.0K	—
2026-02-26	Neville Patrick Sean	Conversion	30K	—
2026-02-26	Neville Patrick Sean	Sell	5.0K	$90.00
2026-02-26	Date Rajeev V	Sell	23K	$89.62
2026-02-26	Chandhok Nikhil	Option exercise	20K	$25.81
2026-02-26	Chandhok Nikhil	Sell	20K	$90.00
2026-02-26	BURNS M MICHELE	Option exercise	10K	$0.08
2026-02-26	BURNS M MICHELE	Sell	10K	$82.00
2026-02-26	Fox-Geen Jeremy	Option exercise	14K	$10.11
2026-02-26	Fox-Geen Jeremy	Sell	48K	$90.00
2026-02-26	Tarbert Heath	Option exercise	2.0K	$25.09
2026-02-26	Tarbert Heath	Sell	11K	$90.14
2026-02-25	Horowitz Bradley	Other	117	—
2026-02-18	Horowitz Bradley	Other	118	—
2026-02-03	Schulz Tamara L	Sell	1.5K	$59.80
2026-02-02	Tarbert Heath	Tax withheld	8.0K	$63.93
2026-02-02	Fox-Geen Jeremy	Tax withheld	3.9K	$63.93
2026-02-02	Razzaghi Hossein	Tax withheld	1.7K	$63.93
2026-02-02	Chandhok Nikhil	Tax withheld	14K	$63.93
2026-02-02	Schulz Tamara L	Tax withheld	697	$63.93
2026-02-01	Schulz Tamara L	Grant	18K	—
2026-01-28	Horowitz Bradley	Other	116	—
2026-01-09	Horowitz Bradley	Other	117	—
2026-01-06	Tarbert Heath	Option exercise	4.0K	$25.09
2026-01-05	Schulz Tamara L	Sell	4.4K	$85.19
2026-01-02	Chandhok Nikhil	Tax withheld	35K	$79.30
2026-01-02	Schulz Tamara L	Tax withheld	2.2K	$79.30
2026-01-02	Razzaghi Hossein	Tax withheld	9.7K	$79.30
2026-01-02	Tarbert Heath	Tax withheld	31K	$79.30
2026-01-02	Fox-Geen Jeremy	Tax withheld	23K	$79.30
2025-12-22	Allaire Jeremy	Sell	188	$90.07
2025-12-22	Allaire Jeremy	Sell	190	$90.07
2025-12-22	Allaire Jeremy	Sell	190	$90.07
2025-12-22	Allaire Jeremy	Sell	190	$90.07
2025-12-22	Chandhok Nikhil	Sell	10K	$90.00
2025-12-22	Allaire Jeremy	Sell	7.1K	$90.07
2025-12-22	Tarbert Heath	Sell	3.0K	$90.02
2025-12-22	Chandhok Nikhil	Option exercise	10K	$25.81
2025-12-18	Fox-Geen Jeremy	Option exercise	40K	$10.11
2025-12-16	Horowitz Bradley	Other	116	—
2025-12-12	Allaire Jeremy	Sell	188	$90.05
2025-12-12	Neville Patrick Sean	Conversion	30K	—
2025-12-12	Neville Patrick Sean	Sell	30K	$90.00
2025-12-12	Neville Patrick Sean	Conversion	5.0K	—
2025-12-12	Neville Patrick Sean	Sell	5.0K	$90.00
2025-12-12	Fox-Geen Jeremy	Option exercise	14K	$10.11
2025-12-12	Fox-Geen Jeremy	Sell	24K	$90.00
2025-12-12	Tarbert Heath	Sell	1.3K	$90.10
2025-12-12	Allaire Jeremy	Sell	7.1K	$90.05
2025-12-12	Allaire Jeremy	Sell	190	$90.05
2025-12-12	Allaire Jeremy	Sell	190	$90.05
2025-12-12	Allaire Jeremy	Sell	190	$90.05
2025-12-12	Chandhok Nikhil	Option exercise	10K	$25.81
2025-12-12	Chandhok Nikhil	Sell	10K	$90.00
2025-12-12	Neville Patrick Sean	Conversion	30K	—
2025-12-12	Neville Patrick Sean	Sell	30K	$90.00
2025-12-12	Neville Patrick Sean	Conversion	5.0K	—
2025-12-12	Neville Patrick Sean	Sell	5.0K	$90.00
2025-12-09	Allaire Jeremy	Conversion	238K	—
2025-12-09	Allaire Jeremy	Gift	3.5K	—
2025-12-09	Allaire Jeremy	Gift	235K	—
2025-12-03	Horowitz Bradley	Other	115	—
2025-12-02	Schulz Tamara L	Sell	1.0K	$78.02
2025-12-01	Chandhok Nikhil	Option exercise	100K	$25.81
2025-12-01	Chandhok Nikhil	Sell	39K	$75.80
2025-12-01	Chandhok Nikhil	Sell	13K	$78.24
2025-12-01	Chandhok Nikhil	Sell	23K	$78.92
2025-12-01	Chandhok Nikhil	Tax withheld	19K	$79.93
2025-12-01	Chandhok Nikhil	Sell	25K	$76.78
2025-12-01	Fox-Geen Jeremy	Tax withheld	2.1K	$79.93
2025-12-01	Tarbert Heath	Tax withheld	5.6K	$79.93
2025-12-01	Schulz Tamara L	Tax withheld	823	$79.93
2025-12-01	Razzaghi Hossein	Tax withheld	2.5K	$79.93
2025-11-24	Date Rajeev V	Sell	127K	$72.29
2025-11-24	Date Rajeev V	Sell	20K	$72.22
2025-11-21	Date Rajeev V	Gift	8.3K	—
2025-11-21	Date Rajeev V	Gift	8.3K	—
2025-11-20	Date Rajeev V	Sell	5.0K	$70.89
2025-11-20	Date Rajeev V	Sell	2.0K	$70.91
2025-11-19	Date Rajeev V	Sell	1	$67.80
2025-11-18	Date Rajeev V	Other	158K	—
2025-11-17	Date Rajeev V	Sell	36K	$75.62
2025-11-14	Date Rajeev V	Sell	127K	$83.00
2025-11-14	Date Rajeev V	Sell	64K	$84.73
2025-11-13	Date Rajeev V	Sell	8.0K	$86.19
2025-11-13	Neville Patrick Sean	Sell	34K	$85.05
2025-11-13	Date Rajeev V	Sell	55K	$85.50
2025-11-13	Ostling Danita K	Sell	2.7K	$84.69
2025-11-13	Allaire Jeremy	Conversion	85K	—
2025-11-13	Date Rajeev V	Sell	28K	$85.04
2025-11-13	Date Rajeev V	Sell	9.5K	$86.16
2025-11-03	Fox-Geen Jeremy	Tax withheld	2.1K	$126.98
2025-11-03	Chandhok Nikhil	Tax withheld	12K	$126.98
2025-11-03	Tarbert Heath	Tax withheld	5.6K	$126.98
2025-11-03	Schulz Tamara L	Tax withheld	823	$126.98
2025-11-03	Razzaghi Hossein	Tax withheld	783	$126.98
2025-10-01	Fox-Geen Jeremy	Tax withheld	2.1K	$132.58
2025-10-01	Chandhok Nikhil	Tax withheld	12K	$132.58
2025-10-01	Tarbert Heath	Tax withheld	5.6K	$132.58
2025-10-01	Schulz Tamara L	Tax withheld	823	$132.58
2025-10-01	Razzaghi Hossein	Tax withheld	2.7K	$132.58
2025-09-11	BURNS M MICHELE	Gift	10K	—
2025-09-03	Fox-Geen Jeremy	Option exercise	34K	$10.11
2025-09-03	Fox-Geen Jeremy	Sell	34K	$121.45
2025-09-02	Schulz Tamara L	Tax withheld	823	$131.98
2025-09-02	Fox-Geen Jeremy	Tax withheld	2.1K	$131.98
2025-09-02	Razzaghi Hossein	Tax withheld	2.7K	$131.98
2025-09-02	Tarbert Heath	Tax withheld	5.6K	$131.98
2025-09-02	Chandhok Nikhil	Tax withheld	12K	$131.98
2025-09-01	Razzaghi Hossein	Grant	55K	—
2025-08-18	Schulz Tamara L	Sell	836	$127.08
2025-08-18	Tarbert Heath	Sell	32K	$127.08
2025-08-18	Chandhok Nikhil	Sell	50K	$127.08
2025-08-18	Ostling Danita K	Sell	1.3K	$127.08
2025-08-18	Fox-Geen Jeremy	Sell	16K	$127.08
2025-08-18	Allaire Jeremy	Conversion	358K	—
2025-08-18	Allaire Jeremy	Sell	358K	$127.08
2025-08-18	Broderick Craig W.	Sell	1.0K	$127.08
2025-08-18	Neville Patrick Sean	Conversion	260K	—
2025-08-18	Neville Patrick Sean	Sell	260K	$127.08
2025-08-18	Date Rajeev V	Sell	15K	$127.08
2025-08-18	Date Rajeev V	Sell	19K	$127.08
2025-08-18	Date Rajeev V	Sell	15K	$127.08
2025-08-18	BURNS M MICHELE	Sell	30K	$127.08
2025-08-01	Schulz Tamara L	Tax withheld	823	$183.52
2025-08-01	Fox-Geen Jeremy	Tax withheld	2.1K	$183.52
2025-08-01	Chandhok Nikhil	Tax withheld	12K	$183.52
2025-08-01	Tarbert Heath	Tax withheld	5.6K	$183.52
2025-07-22	Selipsky Adam	Grant	1.9K	—
2025-07-01	Tarbert Heath	Option exercise	8.0K	$25.09
2025-07-01	Tarbert Heath	Tax withheld	5.6K	$181.29
2025-07-01	Chandhok Nikhil	Tax withheld	12K	$181.29
2025-07-01	Fox-Geen Jeremy	Tax withheld	2.1K	$181.29
2025-07-01	Schulz Tamara L	Tax withheld	823	$181.29
2025-06-06	Date Rajeev V	Other	337K	—
2025-06-06	Date Rajeev V	Other	263K	—
2025-06-06	Date Rajeev V	Sell	50K	$29.30
2025-06-06	BURNS M MICHELE	Other	181K	—
2025-06-06	Chuang Xi Capital Ltd	Other	6.9M	—
2025-06-06	Chuang Xi Capital Ltd	Other	1.7M	—
2025-06-06	Chuang Xi Capital Ltd	Other	9.5M	—
2025-06-06	Chuang Xi Capital Ltd	Other	3.7M	—
2025-06-06	Chuang Xi Capital Ltd	Sell	860K	$29.30
2025-06-06	Chuang Xi Capital Ltd	Sell	1.5M	$29.30
2025-06-06	General Catalyst Group VI, L.P.	Other	23.4M	—
2025-06-06	General Catalyst Group VI, L.P.	Sell	3.6M	$29.30
2025-06-06	Chandhok Nikhil	Sell	300K	$29.30
2025-06-06	Neville Patrick Sean	Disposition	168K	—
2025-06-06	Neville Patrick Sean	Conversion	1.0M	—
2025-06-06	Neville Patrick Sean	Sell	1.0M	$29.30
2025-06-06	Tarbert Heath	Sell	80K	$29.30
2025-06-06	Ostling Danita K	Sell	3.0K	$29.30
2025-06-06	BURNS M MICHELE	Sell	133K	$29.30
2025-06-06	Fox-Geen Jeremy	Sell	200K	$29.30
2025-06-06	Allaire Jeremy	Disposition	18.6M	—
2025-06-06	Allaire Jeremy	Disposition	336K	—
2025-06-06	Allaire Jeremy	Conversion	1.6M	—
2025-06-06	Allaire Jeremy	Sell	1.6M	$29.30
2025-06-06	Neville Patrick Sean	Disposition	3.6M	—
2025-06-05	Fox-Geen Jeremy	Tax withheld	45K	$31.00
2025-06-05	Fox-Geen Jeremy	Option exercise	160K	$10.11
2025-06-05	Chandhok Nikhil	Tax withheld	458K	$31.00
2025-06-05	Schulz Tamara L	Tax withheld	11K	$31.00
2025-06-05	Allaire Jeremy	Tax withheld	122K	$31.00
2025-06-05	Tarbert Heath	Tax withheld	119K	$31.00

All non-derivative Form 4 activity (SEC), newest first.

Notable events (8-K)

Date	Items
2026-06-12	Exec/director change	filing ↗
2026-05-18	Shareholder vote	filing ↗
2026-05-11	ResultsOtherExhibits	filing ↗
2026-03-17	Exec/director changeExhibits	filing ↗
2026-02-25	ResultsExhibits	filing ↗
2025-11-12	ResultsExhibits	filing ↗
2025-09-19	Exec/director changeExhibits	filing ↗
2025-08-12	ResultsExhibits	filing ↗

Recent filings

Form	Filed	Period	Accession
8-K	2026-06-12	2026-06-12	0001876042-26-000192 ↗
8-K	2026-05-18	2026-05-14	0001876042-26-000159 ↗
10-Q	2026-05-11	2026-03-31	0001876042-26-000150 ↗
8-K	2026-05-11	2026-05-11	0001876042-26-000148 ↗
8-K	2026-03-17	2026-03-16	0001876042-26-000078 ↗
10-K	2026-03-09	2025-12-31	0001876042-26-000062 ↗
8-K	2026-02-25	2026-02-25	0001876042-26-000032 ↗
10-Q	2025-11-12	2025-09-30	0001876042-25-000047 ↗
8-K	2025-11-12	2025-11-12	0001876042-25-000045 ↗
8-K	2025-09-19	2025-09-17	0001876042-25-000014 ↗
10-Q	2025-08-12	2025-06-30	0001628280-25-039781 ↗
8-K	2025-08-12	2025-08-12	0001628280-25-039749 ↗