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EdgarHawk

M Michele Burns

Director

Director

Latest: Director selling · May 2026

6 filings analyzed · 1 company · Latest 2026-05-05

Companies

Company Buys Sells Direction
Circle Internet Group, Inc. CRCL 0 17 Net selling

Activity

May 2026
medium
Sell
11,666 shares
$1,380,778
Significance 4/10

Director M Michele Burns sells 11,666 shares of CRCL in two tranches, divesting approximately $1.38M during stock recovery from substantial lows.

M Michele Burns, a director of Circle Internet Group, executed a two-day sale totaling over $1.3 million across roughly 11,666 shares. The timing presents a mixed signal: the stock has recovered sharply from depressed levels and is in the midst of a strong multi-month uptrend, yet it remains significantly below its prior highs. While the company shows strong revenue growth, it is unprofitable with deteriorating quarterly earnings, suggesting fundamentals remain challenged despite the price recovery. Burns' liquidation of approximately 3.4% of holdings on rising prices could reflect either profit-taking after the rally or reduced confidence that gains can be sustained given the ongoing losses. Without visibility into whether this represents her full intended exit or routine portfolio rebalancing, the trade itself is neither a clear vote of confidence nor a red flag—it is more consistent with a shareholder locking in gains during a recovery window.

March 2026
medium
Sell
11,670 shares
$1,315,303
Significance 6/10

Director Burns sells 11,670 shares at $112.71 avg; stock now at $125.83, +109.6% in 30d after recent sector surge

Director M. Michele Burns sold 11,670 shares (two separate sales totaling $1,315,302.99) on 2026-03-12 at a blended average price of $112.71, reducing her holdings by 3.3% to 343.5K shares. The stock has since appreciated to $125.83 (current price), representing a gain of approximately 11.5% from her sale prices, though this follows an extraordinary 30-day surge of +109.6% and a 90-day rise of +51.6%. The sale is part of a pattern: Burns executed five sales at CRCL between 2026-03-02 and 2026-03-04, all within the past 10 days and with no measurable 90-day outcomes yet. Across her broader cross-ticker track record, her nine prior sells averaged a 90-day return of +132.7% with a well-timed rate of 50%, meaning her typical sale is followed by stock appreciation—the opposite of a contrarian signal. At the company level, fundamentals remain mixed: revenue growth of +63.9% year-over-year and a recent quarter showing $214.4M net income contrast with the fact that the full-year net income was negative, suggesting recent profitability is fragile or seasonal.

high
Sell
25,000 shares
$2,625,000
Significance 6/10

Director BURNS M MICHELE sold 25,000 shares of CRCL at $105.00 on 2026-03-04, fourth major sale in two days amid 88.3% 30-day surge.

BURNS M MICHELE executed a sale of 25,000 shares at $105.00, reducing holdings from 380.2K to 355.2K shares, part of a cluster of five sales at CRCL on 2026-03-02 through 2026-03-04. The transaction occurred after CRCL rallied +88.3% in the preceding 30 days, though the stock remains -59.9% below its 52-week high of $263.45. Across all open-market sales in her cross-ticker history, the insider's average 90-day return was +132.7% with a 50.00% well-timed rate, but prior same-ticker sales at CRCL lack measurable 90-day outcomes, offering no precedent for evaluating timing at this ticker. The sale's significance lies in the rapid succession of divestments during a pronounced near-term rally and the company's strong fundamentals (revenue $739.8M, net income $214.4M latest quarter), which contextualize the insider's decision to sell at substantially elevated prices.

high
Sell
115,000 shares
$11,167,250
Significance 7/10

Director M. Michele Burns sold 115,000 shares ($11.2M) across 6 transactions at blended avg $97.11 on 2026-03-02 to 2026-03-03.

Director M. Michele Burns executed 6 separate sales totaling 115,000 shares for $11,167,250.00 over two trading days, reducing her stake by -24.5% from 470,230 to 355,230 shares. The sales ranged from $93.00 to $103.09 per share, with a blended average price of $97.11, occurring when the stock traded well below its 52-week high of $263.45 and -60.0% from that peak. Burns' prior trades at CRCL show mixed timing outcomes: her 2025-06-06 sale followed by a +301.0% 90-day gain (poorly timed, she sold before the rally), while her 2025-08-18 sale preceded a -35.6% decline (well-timed). The company reported $739,759,000.00 in revenue and $214,385,000.00 in net income in the latest quarter, providing a stable earnings backdrop. Investors should track whether this material liquidation signals a shift in Burns' capital allocation at CRCL or reflects other circumstances, given the company's solid fundamentals and her prior mixed accuracy in predicting short-term price movements at this ticker.

August 2025
high
Sell
29,946 shares
$3,805,388
Significance 6/10

Director Burns M Michele sold 29,946 CRCL shares at $127.08 on 2025-08-18 ($3.8M); stock down -47.7% from 52-week high.

Burns M Michele, a director of Circle Internet Group, sold 29,946 shares (8.7% of pre-transaction holdings) at $127.08, reducing her position from 345,176 to 315,230 shares. The transaction timing is notable: the sale occurred at $127.08 while the current price stands at $137.81, yet the stock has declined -47.7% from its 52-week high of $263.45 and has fallen -36.2% over the past 30 days. Contextually, Circle Internet Group reported a net loss of $482,100,000 against revenue of $658,078,000 in the latest quarter, indicating severe profitability challenges. While Burns' cross-ticker track record shows one prior open-market sell with a 30-day return of +544.3%, her same-ticker history at CRCL (one prior trade) reflects that same 30-day return, and her overall timing pattern shows no measurable 90-day outcomes to establish a directional pattern at this ticker.

June 2025
high
Sell
133,312 shares
$3,906,042
Significance 6/10

Director BURNS M MICHELE sold 133,312 shares of CRCL at $29.30 on 2025-06-06, reducing holdings by 27.9%

BURNS M MICHELE, a Director of Circle Internet Group, sold 133,312 shares at $29.30 on 2025-06-06, generating $3,906,041.60 in proceeds and reducing her holdings from 478,488 shares to 345,176 shares—a 27.9% reduction in her position. The sale occurred just 3 trading days before the current market price of $115.25, meaning the stock has appreciated nearly 4x since the transaction date. This represents a material liquidation by an insider at a price substantially lower than current levels, though context is limited given the company's recent listing status.

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