The open-market sales are small and likely liquidity-driven; no material insider conviction signal. Monitor next Form 4 filings for any larger or more concentrated selling by C-suite insiders.
Price Chart
Executive Summary
Two CRCL insiders — the Chief Accounting Officer and Chief Commercial Officer — sold a combined $259K in open-market sales on October 2, 2026, at ~$85.78/share. The CEO and President also had large tax-withholding and derivative-exercise transactions on October 1, which are non-cash events and carry no informational signal. The open-market sales are modest in absolute dollar terms and represent a trivial fraction of market cap, making them routine portfolio adjustments rather than a bearish signal.
Key Financial Metrics
Key Facts
- CAO Schulz sold 1,194 shares open-market for $102K on Oct 2
- CCO Razzaghi sold 1,800 shares open-market for $157K on Oct 2
- CEO Allaire exercised 30,390 derivative shares at $0 and surrendered 8,404 shares for tax withholding on Oct 1 (non-cash)
- President Tarbert surrendered 7,988 shares for tax withholding on Oct 1 (non-cash)
- Total open-market sales: $259K — well under 0.1% of market cap
- No 10b5-1 plan indication on the open-market sales
Financial Impact
Total open-market sales of $259K, a trivial amount relative to company market cap
Risk Factors
- Insider selling could accelerate if stock continues to appreciate, but current levels are routine
- No indication of a material negative catalyst from insider activity alone
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-CRCL-1791234139620 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 21, 2026 5d ago | Institutional Cluster | $86.62 | awaiting T+60 | — | $79.84 (−7.83%) |
Oct 21, 2026 5d ago | 144 | $89.71 | awaiting T+60 | — | $79.84 (+11.00%) |
Oct 8, 2026 18d ago | 144 | $80.84 | awaiting T+60 | — | $79.84 (−1.24%) |
Oct 5, 2026 21d ago | Insider Cluster | $84.13 | awaiting T+60 | — | $79.84 (−5.10%) |
Oct 2, 2026 24d ago | 144 | $81.25 | awaiting T+60 | — | $79.84 (−1.74%) |
Oct 2, 2026 24d ago | 144 | $81.25 | awaiting T+60 | — | $79.84 (−1.74%) |
Sep 25, 2026 4w ago | 8-K | $85.80 | awaiting T+60 | — | $79.84 (−6.95%) |
Sep 22, 2026 4w ago | Institutional Cluster | $94.59 | awaiting T+60 | — | $79.84 (−15.59%) |
Sep 22, 2026 5w ago | 8-K | $94.59 | awaiting T+60 | — | $79.84 (−15.59%) |
Sep 10, 2026 6w ago | Insider Cluster | $90.60 | awaiting T+60 | — | $79.84 (+11.88%) |
US Market Status
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