This cluster is routine and non-informative. The CFO's sale is a mechanical cashless exercise (same-day exercise at $10.11 strike and sale at $90) — a standard pattern for option exercises. Director Burns' sale is small ($284K). No material signal for traders. Monitor next 10-Q for business fundamentals; insider activity alone does not warrant action.
Price Chart
Executive Summary
Circle Internet Group CFO Jeremy Fox-Geen exercised and immediately sold 45,000 shares for $4.05M, while Director M. Michele Burns sold 3,332 shares for $284K. The CFO's sale is a routine cashless exercise-and-sell pattern (same-day exercise at $10.11 strike, sale at $90), not a discretionary open-market sale. The total $4.33M in sales represents ~0.02% of the $22.3B market cap, well below the 0.1% materiality threshold, making this cluster economically trivial despite involving the CFO.
Key Financial Metrics
Key Facts
- CFO Jeremy Fox-Geen exercised 45,000 derivative shares at $10.11 and immediately sold them at $90 for $4.05M on 2026-08-21
- Director M. Michele Burns sold 3,332 shares at $85.13 for $284K on 2026-08-20
- Total insider sales of $4.33M represent ~0.02% of CRCL's $22.3B market cap
- CFO's sale is a same-day cashless exercise-and-sell pattern, not a discretionary open-market sale
- Recent 30-day insider activity shows 6 sells totaling $8.3M, consistent with routine liquidity-driven sales
Financial Impact
Total insider sales of $4.33M represent 0.02% of market cap — economically trivial
Risk Factors
- Insider sales could accelerate if the stock continues to appreciate, but current volumes are too small to signal bearish conviction
- The 40% win rate on prior CRCL reports suggests the model has historically over-scored this ticker — this neutral call with low impact is appropriately calibrated
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-CRCL-1787605352431 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 10, 2026 21d ago | Insider Cluster | $90.60 $91.78 | ▼ −1.30% | ▼ −1.64% | $82.42 (+9.03%) |
Sep 3, 2026 29d ago | Insider Cluster | $103.23 $90.60 | ▼ −12.23% | ▼ −11.09% | $82.42 (−20.16%) |
Sep 3, 2026 29d ago | Insider Cluster | $103.23 $90.60 | ▼ −12.23% | ▼ −11.09% | $82.42 (−20.16%) |
Sep 2, 2026 29d ago | 144 | $88.64 $90.32 | ▲ +1.90% | ▲ +2.85% | $82.42 (−7.02%) |
Sep 2, 2026 4w ago | 144 | $88.64 $90.32 | ▲ +1.90% | ▲ +2.85% | $82.42 (−7.02%) |
Sep 1, 2026 4w ago | 144 | $89.48 $92.99 | ▲ +3.92% | ▲ +3.84% | $82.42 (−7.89%) |
Aug 24, 2026 5w ago | Insider Cluster | $92.02 $89.48 | ▼ −2.76% | ▼ −2.22% | $82.42 (−10.43%) |
Aug 21, 2026 5w ago | Insider Cluster | $87.72 $95.55 | ▲ +8.93% | ▲ +8.46% | $82.42 (−6.04%) |
Aug 21, 2026 6w ago | 144 | $87.98 $87.14 | ▼ −0.95% | ▼ −1.43% | $82.42 (−6.32%) |
Aug 20, 2026 6w ago | 144 | $87.98 $87.14 | ▼ −0.95% | ▼ −1.43% | $82.42 (−6.32%) |
US Market Status
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