[SCHEDULE 13G] Circle Internet Group, Inc. SEC Filing
General Catalyst and affiliated entities disclosed a 9.7% ownership stake in Circle Internet Group (CRCL), representing 20,120,769 shares of Class A common stock. The filing shows the stake is held with shared voting and shared dispositive power (0 sole power), and the percentage is calculated using 207,650,578 Class A shares outstanding following the issuer's June 2025 IPO and full exercise of underwriter options. The reporting group comprises multiple General Catalyst entities and three individual managers鈥擪enneth Chenault, David P. Fialkow and Hemant Taneja鈥攚ho executed a joint filing agreement. The Reporting Persons provided a principal business address in Cambridge, Massachusetts, and the Schedule 13G was signed on behalf of the managers by Christopher McCain as attorney-in-fact.
General Catalyst e societ脿 collegate hanno dichiarato una partecipazione del 9,7% in Circle Internet Group (CRCL), pari a 20.120.769 azioni ordinarie di Classe A. La comunicazione indica che la partecipazione 猫 detenuta con diritto di voto e potere dispositvo condivisi (0 potere esclusivo), e la percentuale 猫 calcolata su 207.650.578 azioni di Classe A in circolazione dopo l'IPO dell'emittente nel giugno 2025 e l'esercizio integrale delle opzioni degli underwriter. Il gruppo di segnalazione include diverse entit脿 di General Catalyst e tre manager individuali 鈥� Kenneth Chenault, David P. Fialkow e Hemant Taneja 鈥� che hanno sottoscritto un accordo di deposito congiunto. I Reporting Persons hanno fornito un indirizzo principale a Cambridge, Massachusetts, e il Schedule 13G 猫 stato firmato per conto dei manager da Christopher McCain in qualit脿 di procuratore.
General Catalyst y entidades afiliadas revelaron una participaci贸n del 9,7% en Circle Internet Group (CRCL), equivalente a 20.120.769 acciones ordinarias Clase A. El documento indica que la participaci贸n se mantiene con poder de voto y poder dispositvo compartidos (0 poder exclusivo), y el porcentaje se calcula sobre 207.650.578 acciones Clase A en circulaci贸n tras la oferta p煤blica inicial del emisor en junio de 2025 y el ejercicio completo de las opciones de los colocadores. El grupo informante est谩 compuesto por m煤ltiples entidades de General Catalyst y tres gestores individuales 鈥擪enneth Chenault, David P. Fialkow y Hemant Taneja鈥� que firmaron un acuerdo de presentaci贸n conjunta. Las Personas Informantes proporcionaron una direcci贸n principal en Cambridge, Massachusetts, y el Schedule 13G fue firmado en nombre de los gestores por Christopher McCain como apoderado.
General Catalyst 氚� 甏�霠� 氩曥澑霌れ澊 Circle Internet Group(CRCL)鞚� 歆�攵� 9.7%毳� 氤挫湢頃橁碃 鞛堨潓鞚� 瓿奠嫓頄堨溂氅�, 鞚措姅 韥措灅鞀� A 氤错喌欤� 20,120,769欤检棎 頃措嫻頃╇媹雼�. 鞝滌稖靹滊鞐� 霐半ゴ氅� 頃措嫻 歆�攵勳潃 鞚橁舶甓� 氚� 觳橂秳甓岇澊 瓿惦彊鞙茧 氤挫湢霅�(雼弲甓岉暅 0)鞙茧 響滌嫓霅橃棃鞙茧┌, 頃措嫻 牍勳湪鞚� 氚滍枆靷潣 2025雲� 6鞗� IPO 氚� 鞚胳垬鞚胳潣 鞓奠厴 鞝勲秬 頄夓偓 鞚错泟鞚� 鞙犿喌 韥措灅鞀� A 欤检嫕 207,650,578欤茧ゼ 旮办鞙茧 靷办爼霅橃棃鞀惦媹雼�. 氤搓碃 攴鸽９鞐愲姅 鞐煬 General Catalyst 氩曥澑瓿� Kenneth Chenault, David P. Fialkow, Hemant Taneja 霌� 靹� 氇呾潣 臧滌澑 毵る媹鞝�臧� 韽暔霅橃柎 鞛堨溂氅� 鞚措摛鞚� 瓿惦彊 鞝滌稖 頃╈潣靹滌棎 靹滊獏頄堨姷雼堧嫟. 氤搓碃鞚鸽摛鞚� 毵れ偓於旍劯旄犾＜ 旒�鞛勲笇毽鞐� 氤胳偓 欤检唽毳� 鞝滉车頄堨溂氅�, Schedule 13G電� 毵る媹鞝�霌れ潉 雽�響滍晿鞐� Christopher McCain鞚� 雽�毽澑鞙茧 靹滊獏頄堨姷雼堧嫟.
General Catalyst et des entit茅s affili茅es ont d茅clar茅 une participation de 9,7 % dans Circle Internet Group (CRCL), repr茅sentant 20 120 769 actions ordinaires de classe A. Le d茅p么t indique que la participation est d茅tenue avec pouvoir de vote et pouvoir dispositif partag茅s (0 pouvoir exclusif), et le pourcentage est calcul茅 sur 207 650 578 actions de classe A en circulation apr猫s l'introduction en bourse de l'茅metteur en juin 2025 et l'exercice int茅gral des options des teneurs de livres. Le groupe d茅clarant comprend plusieurs entit茅s de General Catalyst et trois gestionnaires individuels 鈥� Kenneth Chenault, David P. Fialkow et Hemant Taneja 鈥� qui ont sign茅 un accord de d茅p么t conjoint. Les personnes d茅clarantes ont fourni une adresse principale 脿 Cambridge, Massachusetts, et le Schedule 13G a 茅t茅 sign茅 au nom des gestionnaires par Christopher McCain en tant que mandataire.
General Catalyst und verbundene Gesellschaften meldeten eine Beteiligung von 9,7% an der Circle Internet Group (CRCL), entsprechend 20.120.769 Aktien der Klasse A. Die Meldung weist aus, dass die Beteiligung mit gemeinsamem Stimm- und Verf眉gungsrecht gehalten wird (0 Alleinbefugnis), und der Prozentsatz wurde auf Basis von 207.650.578 ausstehenden Klasse-A-Aktien nach dem IPO des Emittenten im Juni 2025 und der vollst盲ndigen Aus眉bung der Underwriter-Optionen berechnet. Die meldende Gruppe umfasst mehrere General Catalyst-Einheiten sowie drei einzelne Manager 鈥� Kenneth Chenault, David P. Fialkow und Hemant Taneja 鈥� die eine gemeinsame Einreichungsvereinbarung unterzeichnet haben. Die meldenden Personen gaben eine Gesch盲ftsadresse in Cambridge, Massachusetts an, und das Schedule 13G wurde im Namen der Manager von Christopher McCain als Bevollm盲chtigtem unterzeichnet.
- Material disclosure of a significant stake: Reporting Persons disclosed 20,120,769 shares (9.7%) of CRCL Class A stock.
- Clear joint filing and authority: A Joint Filing Agreement and powers of attorney are referenced, showing coordinated and compliant reporting.
- Shared voting/dispositive power disclosed: The filing specifies shared voting and shared dispositive power with 0 sole power, clarifying control structure.
- None.
Insights
TL;DR: A unified General Catalyst group reports a sizable 9.7% Class A position in Circle Internet Group, disclosed as shared control of 20.12 million shares.
The filing documents an aggregate beneficial ownership of 20,120,769 Class A shares, representing 9.7% of the 207,650,578 shares used as the denominator post-IPO. Ownership is reported as shared voting and dispositive power, indicating the stake is held collectively across multiple General Catalyst entities and named managers rather than by a single entity with exclusive control. For analysts, a near-10% passive or qualifying investor stake is material for ownership tables and potential engagement considerations, and the joint filing clarifies internal governance of the holding.
TL;DR: The Schedule 13G shows coordinated reporting by General Catalyst entities and three managers, with shared authority over a meaningful 9.7% stake.
The Schedule 13G structure and the attached joint filing agreement signal that multiple related entities and individual managers share voting and dispositive authority over the reported shares. Signatures executed via powers of attorney and the named General Catalyst chain of entities establish the reporting chain and legal authority to file. This filing meets disclosure obligations for a passive or qualifying investor group holding more than 5% of the class and provides transparent identification of the reporting parties.
General Catalyst e societ脿 collegate hanno dichiarato una partecipazione del 9,7% in Circle Internet Group (CRCL), pari a 20.120.769 azioni ordinarie di Classe A. La comunicazione indica che la partecipazione 猫 detenuta con diritto di voto e potere dispositvo condivisi (0 potere esclusivo), e la percentuale 猫 calcolata su 207.650.578 azioni di Classe A in circolazione dopo l'IPO dell'emittente nel giugno 2025 e l'esercizio integrale delle opzioni degli underwriter. Il gruppo di segnalazione include diverse entit脿 di General Catalyst e tre manager individuali 鈥� Kenneth Chenault, David P. Fialkow e Hemant Taneja 鈥� che hanno sottoscritto un accordo di deposito congiunto. I Reporting Persons hanno fornito un indirizzo principale a Cambridge, Massachusetts, e il Schedule 13G 猫 stato firmato per conto dei manager da Christopher McCain in qualit脿 di procuratore.
General Catalyst y entidades afiliadas revelaron una participaci贸n del 9,7% en Circle Internet Group (CRCL), equivalente a 20.120.769 acciones ordinarias Clase A. El documento indica que la participaci贸n se mantiene con poder de voto y poder dispositvo compartidos (0 poder exclusivo), y el porcentaje se calcula sobre 207.650.578 acciones Clase A en circulaci贸n tras la oferta p煤blica inicial del emisor en junio de 2025 y el ejercicio completo de las opciones de los colocadores. El grupo informante est谩 compuesto por m煤ltiples entidades de General Catalyst y tres gestores individuales 鈥擪enneth Chenault, David P. Fialkow y Hemant Taneja鈥� que firmaron un acuerdo de presentaci贸n conjunta. Las Personas Informantes proporcionaron una direcci贸n principal en Cambridge, Massachusetts, y el Schedule 13G fue firmado en nombre de los gestores por Christopher McCain como apoderado.
General Catalyst 氚� 甏�霠� 氩曥澑霌れ澊 Circle Internet Group(CRCL)鞚� 歆�攵� 9.7%毳� 氤挫湢頃橁碃 鞛堨潓鞚� 瓿奠嫓頄堨溂氅�, 鞚措姅 韥措灅鞀� A 氤错喌欤� 20,120,769欤检棎 頃措嫻頃╇媹雼�. 鞝滌稖靹滊鞐� 霐半ゴ氅� 頃措嫻 歆�攵勳潃 鞚橁舶甓� 氚� 觳橂秳甓岇澊 瓿惦彊鞙茧 氤挫湢霅�(雼弲甓岉暅 0)鞙茧 響滌嫓霅橃棃鞙茧┌, 頃措嫻 牍勳湪鞚� 氚滍枆靷潣 2025雲� 6鞗� IPO 氚� 鞚胳垬鞚胳潣 鞓奠厴 鞝勲秬 頄夓偓 鞚错泟鞚� 鞙犿喌 韥措灅鞀� A 欤检嫕 207,650,578欤茧ゼ 旮办鞙茧 靷办爼霅橃棃鞀惦媹雼�. 氤搓碃 攴鸽９鞐愲姅 鞐煬 General Catalyst 氩曥澑瓿� Kenneth Chenault, David P. Fialkow, Hemant Taneja 霌� 靹� 氇呾潣 臧滌澑 毵る媹鞝�臧� 韽暔霅橃柎 鞛堨溂氅� 鞚措摛鞚� 瓿惦彊 鞝滌稖 頃╈潣靹滌棎 靹滊獏頄堨姷雼堧嫟. 氤搓碃鞚鸽摛鞚� 毵れ偓於旍劯旄犾＜ 旒�鞛勲笇毽鞐� 氤胳偓 欤检唽毳� 鞝滉车頄堨溂氅�, Schedule 13G電� 毵る媹鞝�霌れ潉 雽�響滍晿鞐� Christopher McCain鞚� 雽�毽澑鞙茧 靹滊獏頄堨姷雼堧嫟.
General Catalyst et des entit茅s affili茅es ont d茅clar茅 une participation de 9,7 % dans Circle Internet Group (CRCL), repr茅sentant 20 120 769 actions ordinaires de classe A. Le d茅p么t indique que la participation est d茅tenue avec pouvoir de vote et pouvoir dispositif partag茅s (0 pouvoir exclusif), et le pourcentage est calcul茅 sur 207 650 578 actions de classe A en circulation apr猫s l'introduction en bourse de l'茅metteur en juin 2025 et l'exercice int茅gral des options des teneurs de livres. Le groupe d茅clarant comprend plusieurs entit茅s de General Catalyst et trois gestionnaires individuels 鈥� Kenneth Chenault, David P. Fialkow et Hemant Taneja 鈥� qui ont sign茅 un accord de d茅p么t conjoint. Les personnes d茅clarantes ont fourni une adresse principale 脿 Cambridge, Massachusetts, et le Schedule 13G a 茅t茅 sign茅 au nom des gestionnaires par Christopher McCain en tant que mandataire.
General Catalyst und verbundene Gesellschaften meldeten eine Beteiligung von 9,7% an der Circle Internet Group (CRCL), entsprechend 20.120.769 Aktien der Klasse A. Die Meldung weist aus, dass die Beteiligung mit gemeinsamem Stimm- und Verf眉gungsrecht gehalten wird (0 Alleinbefugnis), und der Prozentsatz wurde auf Basis von 207.650.578 ausstehenden Klasse-A-Aktien nach dem IPO des Emittenten im Juni 2025 und der vollst盲ndigen Aus眉bung der Underwriter-Optionen berechnet. Die meldende Gruppe umfasst mehrere General Catalyst-Einheiten sowie drei einzelne Manager 鈥� Kenneth Chenault, David P. Fialkow und Hemant Taneja 鈥� die eine gemeinsame Einreichungsvereinbarung unterzeichnet haben. Die meldenden Personen gaben eine Gesch盲ftsadresse in Cambridge, Massachusetts an, und das Schedule 13G wurde im Namen der Manager von Christopher McCain als Bevollm盲chtigtem unterzeichnet.
FAQ
How many CRCL shares did General Catalyst report owning?
What percentage of CRCL does that represent?
Do the reporting persons have sole voting control over the shares?
Who are the individual managers identified in the filing?
Where is the principal business address for the reporting group?
When was the Schedule 13G signed?
