Arora Ashish - 21 Jul 2025 Form 4 Insider Report for Cricut, Inc. (CRCT)

Signature
/s/ Lauren Curtin, by power of attorney
Issuer symbol
CRCT
Transactions as of
21 Jul 2025
Net transactions value
-$351,097
Form type
4
Filing time
23 Jul 2025, 17:38:20 UTC
Previous filing
09 Jul 2025
Next filing
15 Aug 2025

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Ashish Arora Chief Executive Officer, Director, 10%+ Owner C/O CRICUT, INC., 10855 SOUTH RIVER FRONT PARKWAY, SOUTH JORDAN /s/ Lauren Curtin, by power of attorney 23 Jul 2025 0001851564

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CRCT Class A Common Stock Sale $115,927 -21,250 -0.77% $5.46 2,737,192 21 Jul 2025 Direct F1, F2
transaction CRCT Class A Common Stock Award $0 +341,869 +12% $0.000000 3,079,061 21 Jul 2025 Direct F3
transaction CRCT Class A Common Stock Sale $116,618 -21,250 -0.69% $5.49 3,057,811 22 Jul 2025 Direct F1, F4
transaction CRCT Class A Common Stock Sale $118,552 -21,250 -0.69% $5.58 3,036,561 23 Jul 2025 Direct F1, F5

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding CRCT Employee Stock Option (right to buy) 2,218,889 21 Jul 2025 Class A Common Stock 2,218,889 $17.50 Direct F6, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 19, 2024.
F2 The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $5.3700 to $5.5600, inclusive. The reporting person undertakes to provide to Cricut Inc., any security holder of Cricut Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F3 This reflects dividend equivalent restricted stock units that were granted in connection with a special one-time cash dividend of $.75 per share and a recurring semi-annual cash dividend of $.10 per share to holders of the issuer's stock, paid on July 21, 2025, to stockholders of record at the close of business on July 7, 2025. Holders of restricted stock units that were unvested on the record date were automatically credited with a dividend equivalent based on the value of the per share dividend pursuant to the terms of the issuer's equity incentive documents.
F4 The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $5.4100 to $5.5750, inclusive. The reporting person undertakes to provide to Cricut Inc., any security holder of Cricut Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F5 The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $5.4900 to $5.6150, inclusive. The reporting person undertakes to provide to Cricut Inc., any security holder of Cricut Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F6 Reflects equitable adjustment to the option exercise price pursuant to the underlying plan in connection with Cricut's special cash dividends declared on December 21, 2022, May 18, 2023, May 7, 2024, and May 6, 2025. Pursuant to the adjustment, the exercise price was reduced by $2.50.
F7 Shares subject to the option are fully vested and immediately exercisable.