SCHEDULE: Accel Funds Update Stake in Circle Internet Group

Accel entities have filed an amended Schedule 13G, disclosing their beneficial ownership in Circle Internet Group, Inc.'s Class A common stock as of September 30, 2025.

Summary

• Accel XI L.P. (A11) beneficially owns 8,566,428 shares, representing 4.1% of Circle Internet Group, Inc.'s Class A common stock.
• Accel XI Strategic Partners L.P. (A11SP) beneficially owns 643,620 shares, representing 0.3% of the Class A common stock.
• Accel XI Associates L.L.C. (A11A), as the general partner of A11 and A11SP, is deemed to beneficially own 9,210,048 shares, representing 4.4% of the Class A common stock.
• Accel Investors (2013) L.L.C. (AI13) beneficially owns 909,772 shares, representing 0.4% of the Class A common stock.
• Accel XIV L.P. (A14) beneficially owns 191,365 shares, representing 0.1% of the Class A common stock.
• Accel XIV Strategic Partners L.P. (A14SP) beneficially owns 7,766 shares, representing 0.0% of the Class A common stock.
• Accel XIV Associates L.L.C. (A14A), as the general partner of A14 and A14SP, is deemed to beneficially own 199,131 shares, representing 0.1% of the Class A common stock.
• Accel XIV Investors (2019) L.L.C. (AI19) beneficially owns 10,215 shares, representing 0.0% of the Class A common stock.
• The percentages are based on 209,836,558 shares of Class A common stock outstanding as of August 8, 2025, as reported in the Issuer's Form 10-Q for the quarter ended June 30, 2025.

Sentiment

Score: 5

Explanation: This is a factual disclosure of beneficial ownership and does not inherently carry positive or negative sentiment regarding the issuer's performance or prospects.

Industry Context

This Schedule 13G filing is a routine disclosure by institutional investors, Accel entities, detailing their passive beneficial ownership in Circle Internet Group, Inc. Such filings provide transparency regarding significant stakes held by investment funds, which is standard practice in the financial industry for publicly traded companies.

Related Party Transactions

• Under certain circumstances set forth in the limited partnership agreements and limited liability company agreements of the Accel entities, the general partners and limited partners or members may be deemed to have the right to receive dividends or proceeds from the sale of shares owned by their respective entities. This describes internal arrangements within the Accel group regarding the distribution of economic benefits from their investment in Circle Internet Group, Inc.

Stakeholder Impact

• Shareholders: Provides transparency regarding significant institutional ownership, which can influence market perception and trading activity.
• Management: Awareness of significant institutional holders can inform engagement strategies and corporate decisions.

Key Dates

Keywords

Circle Internet Group, Accel, Schedule 13G, Beneficial Ownership, Class A Common Stock, Institutional Investor, SEC Filing