According to SEC documents, Jeremy Tarbert sold nearly $31 million worth of Circle stock following a pre-arranged plan. Meanwhile, ARK Invest continued to purchase shares of CRCL.
According to filings with the U.S. Securities and Exchange Commission (SEC), Circle President Heath Tarbert has sold approximately $30.8 million worth of company stock since June 2025. These sales were made through a pre-planned trading program, not as spontaneous decisions. Despite the sales gaining some notice, Tarbert still owns a significant amount of Circle stock, primarily in the form of restricted stock units. Meanwhile, investment firm ARK Invest has been buying more Circle shares as the stock price has recently decreased.
Recent Interview Reveals Tarbert’s Long-Term Outlook
According to SEC filings, Jeremy Tarbert made ten stock sales between June 2025 and June 2026, totaling approximately $30.77 million. His biggest sale occurred on March 2nd, when he sold 122,007 shares for around $94.23 each—generating about $11.5 million. Other sales included 43,694 shares at $117.80 in March and 31,925 shares at $127.08 in August 2025.
As an analyst, I’ve been reviewing Jeremy Tarbert’s trading activity. His first publicly disclosed transaction occurred on June 6, 2025, right after Circle’s IPO, where he sold 80,000 shares at $29.30 each. His most recent sale, reported on June 10, 2026, involved 39,240 shares at an average price of $81.47. The filings indicate these transactions were a mix of direct stock sales and exercising options. Importantly, each sale was conducted under a pre-established Rule 10b5-1 trading plan, as noted in the accompanying disclosures.
Rule 10b5-1 lets corporate executives plan stock sales ahead of time. After a plan is in place, the sales happen automatically when specific criteria are met. This helps ensure executives aren’t accused of making trades using confidential company information.
Looking at the dates of Tarbert’s sales, they don’t really tell us what he thought about Circle’s future. The prices he sold at went down gradually, from $127.08 in August 2025 to $81.47 by June, with stops at $117.80 and $94.23 in March. These price changes mostly matched how the stock was performing in the market, rather than showing any specific choices he made about when to sell.
Despite a significant drop in Circle’s stock price – from approximately $260 to $62 – CEO Jeremy Allaire remains optimistic about the company’s future. In an interview with FOX Business, he explained that leadership is still dedicated to creating essential financial tools for the internet and believes the stock will recover if the company achieves its goals.
Circle Insider Sales Extend Beyond Tarbert
New documents reveal more details about Tarbert’s stock ownership. After selling some shares in June, he directly owned 502,558 shares total. Of these, only 55,418 were fully his; the majority – 447,140 – were restricted stock units that will become available to him over time. This means most changes in the number of shares he reports owning are due to those units becoming vested, not because he’s buying or selling additional stock.
Tarbert wasn’t the only Circle leader selling stock through a pre-arranged plan. Nikhil Chandhok, the Chief Product and Technology Officer, exercised options for 10,000 shares at $25.81 and then sold them for $111 each in May, also as part of a Rule 10b5-1 agreement.
I recently saw some filings that showed a trust for my child sold 3,032 shares, averaging around $63.76 per share. The important thing is, legally, I don’t directly own those shares – the trust does, and it’s set up to benefit my child.
Despite ongoing sales by company insiders, ARK Invest bought a significant amount of Circle stock on July 14th. The firm purchased 220,012 shares across three of its ETFs, totaling approximately $13.9 million based on the day’s closing price of $63.22 per share.
Open USD Emerges as Circle’s Latest Competitive Challenge
ARK Invest’s purchases happened as overall market confidence declined. On the same day, Mizuho lowered its rating for Circle, and Baird reduced its price target from $138 to $100. Circle’s stock has dropped over 40% in the last month and roughly 68% over the past year.
Investor confidence has been shaken by new competition, particularly the launch of Open USD – a stablecoin supported by major players like Visa, Mastercard, and BlackRock. Adding to these concerns, Circle was removed from several Russell growth indexes in June.
Even with recent challenges, Circle received approval on July 10th to create a national trust bank. The company’s stock price saw a small increase after the news but quickly returned to its previous level. Documents show that recent sales of shares by insiders were part of planned trades and not impulsive decisions. Jeremy Tarbert still owns significant equity in the company, with much of his future earnings dependent on Circle’s long-term success.
2026-07-21 01:16