Circle Internet Group Inc. (NASDAQ: CRCL) Chief Financial Officer Jeremy Fox-Geen sold 45,000 Class A common shares on August 21 for approximately $4.05 million, according to regulatory filings.
The shares were sold at prices between $90.00 and $90.02 each, executed under a pre-established 10b5-1 trading plan designed to avoid allegations of insider trading. Prior to the sale, Fox-Geen exercised options to acquire the same number of shares at an exercise price of $10.11 per share, totaling $454,950.
Following the transaction, Fox-Geen retains beneficial ownership of 323,837 Class A shares, including 39,564 held directly and 284,273 subject to vesting from restricted stock units. He also holds 1,100,606 stock options in derivative form.
Circle Internet reported second-quarter 2026 adjusted earnings of $0.18 per share, meeting Wall Street expectations, with total revenue and reserve income rising 7% year-over-year to $701 million. Adjusted EBITDA reached $143 million. The company’s USDC stablecoin remains a key focus amid fluctuating market balances.
CRCL’s stock has surged 17.6% over the past week and 42.94% over six months, trading slightly above its fair value according to InvestingPro analysis. Analysts remain divided on the outlook: US Tiger Securities maintained a $100 price target with a buy rating, while Morgan Stanley cut its target to $37 citing concerns over USDC growth. TD Cowen raised its target to $87, emphasizing stablecoin expansion, and H.C. Wainwright kept a buy rating with a $104 target despite a 19% year-over-year decline in USDC circulation.
