Tarbert Heath, president of a single company trading under the ticker CRCL, has been a consistent seller of shares over the past year, with SEC Form 4 filings showing a total of $28.4 million in open-market sales against zero purchases. The most recent activity, spanning March through June 2026, reveals a steady cadence of sales clustered around the 10th and 13th of each month, with individual transactions ranging from roughly $51,000 to $712,000. On June 10 alone, Heath executed six separate sales totaling approximately $3.2 million, following a similar pattern on April 13 with seven sales worth about $1.4 million and March 13 with six sales near $1.7 million.
The selling bias is unambiguous: across 56 total filings, there are 21 recent open-market sales and no open-market purchases, with the only other transactions being automatic "F" codes for shares withheld to cover tax obligations on equity compensation. These tax-related withholdings, which occurred on the first of each month from April through July 2026, ranged from $500,000 to $1.29 million and are mechanical rather than discretionary. The absence of any "P" codes—the only transaction type that signals conviction buying—combined with the regular, sizeable sell-offs, paints a picture of an insider who is steadily monetizing his position in CRCL rather than adding to it.
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