Chuang Xi Capital Ltd - 06 Jun 2025 Form 4 Insider Report for Circle Internet Group, Inc. (CRCL)

Reporting relationship: 10%+ Owner
Issuer ticker: CRCL
Reported as of: 06 Jun 2025
Net transaction value: -$68,184,230
SEC form: 4
Accepted by SEC: 10 Jun 2025, 16:11:18 UTC
Prior SEC filing: 04 Jun 2025
Next SEC filing: 18 Aug 2025
Source filing: View source filing
Reporting owner signature: Chuang Xi Capital Limited, By: /s/ Quan Zhou, Authorized Signatory

Key filing fact

Chuang Xi Capital Ltd filed Form 4 for Circle Internet Group, Inc. (CRCL) on 10 Jun 2025.

Key facts

This page summarizes Chuang Xi Capital Ltd's Form 4 filing for Circle Internet Group, Inc. (CRCL).
10 reported transactions and 4 derivative rows are listed below.
Accepted by SEC: 10 Jun 2025, 16:11.

Change

Previous filing in this sequence was filed on 04 Jun 2025.
Current net transaction value: -$68,184,230.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reporting Owners (6)

CIK 0002068938 Primary reporting owner

Chuang Xi Capital Ltd

Relationship: 10%+ Owner
Address: ROOM 5505, 55/F, THE CENTER, 99 QUEEN'S ROAD, CENTRAL, HONG KONG, HONG KONG
Signature: Chuang Xi Capital Limited, By: /s/ Quan Zhou, Authorized Signatory
Signature date: 10 Jun 2025

CIK 0001846013

IDG-Accel China Capital GP II Associates Ltd.

Relationship: 10%+ Owner
Address: ROOM 5505, 55/F, THE CENTER, 99 QUEEN'S ROAD, CENTRAL, HONG KONG, HONG KONG
Signature: IDG-Accel China Capital GP II Associates Ltd., By: /s/ Quan Zhou, Authorized Signatory
Signature date: 10 Jun 2025

CIK 0002068940

Wide Palace Ltd

Relationship: 10%+ Owner
Address: ROOM 5505, 55/F, THE CENTER, 99 QUEEN'S ROAD, CENTRAL, HONG KONG, HONG KONG
Signature: Wide Palace Limited, By: /s/ Quan Zhou, Authorized Signatory
Signature date: 10 Jun 2025

CIK 0001649611

IDG China Capital Fund GP III Associates Ltd.

Relationship: 10%+ Owner
Address: ROOM 5505, 55/F, THE CENTER, 99 QUEEN'S ROAD, CENTRAL, HONG KONG, HONG KONG
Signature: IDG China Capital Fund GP III Associates Ltd., By: /s/ Quan Zhou, Authorized Signatory
Signature date: 10 Jun 2025

CIK 0001545806

Ho Chi Sing

Relationship: 10%+ Owner
Address: ROOM 5505, 55/F, THE CENTER, 99 QUEEN'S ROAD, CENTRAL, HONG KONG, HONG KONG
Signature: Chi Sing Ho, /s/ Chi Sing Ho
Signature date: 10 Jun 2025

CIK 0001491503

Zhou Quan

Relationship: 10%+ Owner
Address: ROOM 5505, 55/F, THE CENTER, 99 QUEEN'S ROAD, CENTRAL, HONG KONG, HONG KONG
Signature: Quan Zhou, /s/ Quan Zhou
Signature date: 10 Jun 2025

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

CRCL transaction

Class A Common Stock

Other

Transaction value
Shares: +6,908,404
Change %
Price
Shares after: 6,908,404
Date: 06 Jun 2025
Ownership: Direct
Footnotes: F1, F4, F7

CRCL transaction

Class A Common Stock

Other

Transaction value
Shares: +1,690,306
Change %: +24%
Price
Shares after: 8,598,710
Date: 06 Jun 2025
Ownership: Direct
Footnotes: F2, F4, F7

CRCL transaction

Class A Common Stock

Other

Transaction value
Shares: +9,548,476
Change %: +667%
Price
Shares after: 10,979,473
Date: 06 Jun 2025
Ownership: See Footnotes
Footnotes: F2, F5, F7

CRCL transaction

Class A Common Stock

Other

Transaction value
Shares: +3,696,857
Change %: +34%
Price
Shares after: 14,676,330
Date: 06 Jun 2025
Ownership: See Footnotes
Footnotes: F3, F5, F7

CRCL transaction

Class A Common Stock

Sale

Transaction value: $25,189,921
Shares: -859,871
Change %: -10%
Price: $29.30
Shares after: 7,738,839
Date: 06 Jun 2025
Ownership: Direct
Footnotes: F4, F6, F7

CRCL transaction

Class A Common Stock

Sale

Transaction value: $42,994,309
Shares: -1,467,633
Change %: -10%
Price: $29.30
Shares after: 13,208,697
Date: 06 Jun 2025
Ownership: See Footnotes
Footnotes: F5, F6, F7

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

CRCL transaction Derivative

Series C Preferred Stock

Other

Transaction value: $0
Shares: -6,908,404
Change %: -100%
Price: $0.000000
Shares after: 0
Date: 06 Jun 2025
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 6,908,404
Exercise price
Footnotes: F1, F4, F7

CRCL transaction Derivative

Series D Preferred Stock

Other

Transaction value: $0
Shares: -1,690,306
Change %: -100%
Price: $0.000000
Shares after: 0
Date: 06 Jun 2025
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 1,690,306
Exercise price
Footnotes: F2, F4, F7

CRCL transaction Derivative

Series D Preferred Stock

Other

Transaction value: $0
Shares: -9,548,476
Change %: -100%
Price: $0.000000
Shares after: 0
Date: 06 Jun 2025
Ownership: See Footnotes
Underlying class: Class A Common Stock
Underlying amount: 9,548,476
Exercise price
Footnotes: F2, F5, F7

CRCL transaction Derivative

Series E Preferred Stock

Other

Transaction value: $0
Shares: -3,696,857
Change %: -100%
Price: $0.000000
Shares after: 0
Date: 06 Jun 2025
Ownership: See Footnotes
Underlying class: Class A Common Stock
Underlying amount: 3,696,857
Exercise price
Footnotes: F3, F5, F7

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 7 footnotes

Footnote F1

The Series C Preferred Stock was convertible into Class A Common Stock on a one-for-one basis and had no expiration date. The Issuer's Amended and Restated Certificate of Incorporation (the "Amended and Restated Certificate of Incorporation") became effective immediately prior to the closing of the Issuer's initial public offering, pursuant to which, each share of Series C Preferred Stock that was outstanding as of immediately prior to that time was automatically reclassified, on a one-for-one basis, into a share of Class A Common Stock in a reclassification exempt from Section 16(b) of the Securities Exchange Act of 1934, as amended (the "Exchange Act") pursuant to Rule 16b-7 thereunder.

Footnote F2

The Series D Preferred Stock was convertible into Class A Common Stock on a one-for-one basis and had no expiration date. Each share of Series D Preferred Stock that was outstanding immediately prior to the effectiveness of the Amended and Restated Certificate of Incorporation was automatically reclassified, on a one-for-one basis, into a share of Class A Common Stock in a reclassification exempt from Section 16(b) of the Exchange Act pursuant to Rule 16b-7.

Footnote F3

The Series E Preferred Stock was convertible into Class A Common Stock on a one-for-one basis and had no expiration date. Each share of Series E Preferred Stock that was outstanding immediately prior to the effectiveness of the Amended and Restated Certificate of Incorporation was automatically reclassified, on a one-for-one basis, into a share of Class A Common Stock in a reclassification exempt from Section 16(b) of the Exchange Act pursuant to Rule 16b-7.

Footnote F4

These securities are directly held by Chuang Xi Capital Limited ("Chuang Xi") and may be deemed to be indirectly beneficially owned by the other reporting persons. IDG-Accel China Capital GP II Associates Ltd. ("IDG Capital II GP") is the ultimate general partner of the holding entities of Chuang Xi. Chi Sing Ho and Quan Zhou are directors and shareholders of IDG Capital II GP.

Footnote F5

These securities are directly held by Wide Palace Limited ("Wide Palace") and may be deemed to be indirectly beneficially owned by the other reporting persons. IDG China Capital Fund GP III Associates Ltd. ("IDG Capital III GP") is the ultimate general partner of the holding entities of Wide Palace. Chi Sing Ho and Quan Zhou are directors and shareholders of IDG Capital III GP.

Footnote F6

These securities were sold in the secondary offering which occurred in conjunction with the Issuer's initial public offering at a price per share of $29.295. This amount represents the initial public offering price of $31.00 per share less the underwriting discount of $1.705 per share.

Footnote F7

Each of the reporting persons and entities disclaims beneficial ownership of the reported securities (except to the extent of such person's or entity's pecuniary interest in such securities). The filing of this statement by the reporting persons shall not be deemed an admission that such persons are, for purposes of Section 16 of the Exchange Act or otherwise, the beneficial owner of any equity securities covered by this statement.