The lock-up period for Circle Internet Group's (CRCL) initial public offering, which took place on June 5, is set to expire on December 2, 2025. This event now permits company insiders and major shareholders to sell their holdings on the open market. The IPO involved 34,000,000 shares, and the expiration removes restrictions on their sale. The end of a lock-up period is a significant event for a recently public company, as it can lead to a substantial increase in the supply of tradable shares. Market participants will be closely watching for any large-scale selling by insiders, which could put downward pressure on the stock price. The actual market reaction will depend on the extent to which early investors and insiders decide to liquidate their positions.