DeFi Development Corp. Announces Open-Market Stock Purchases and Internal Equity Transfers by Executive Team

Rhea-AI Summary

DeFi Development Corp (Nasdaq: DFDV) disclosed executive open-market purchases and internal transfers in SEC Form 4 filings dated November 25–26, 2025. Parker White bought 10,044 shares worth $69,420 on November 25, 2025. Daniel Kang bought 4,200 shares at $6.90 per share for $28,980 on November 25, 2025.

The company also reported administrative transfers of indirect beneficial ownership among affiliated entities tied to partnership unit transfers, a loan repayment allocation to Defi International Holding LLC, and pro-rata distributions from DeFi Dev LLC; these adjustments did not involve open-market sales and did not change aggregate economic ownership or public-market share availability.

Positive

• Parker White purchased $69,420 of DFDV stock on Nov 25, 2025
• Parker White purchase totaled 10,044 shares on Nov 25, 2025
• Daniel Kang purchased 4,200 DFDV shares at $6.90 on Nov 25, 2025
• Daniel Kang's purchase totaled $28,980 on Nov 25, 2025
• Company reports transfers did not change aggregate economic ownership

Negative

• None.

Insights

Corporate governance analyst

Insider open-market buys and administrative unit transfers signal managerial conviction but do not change aggregate ownership.

The disclosed open-market purchases—Parker White buying $69,420 for 10,044 shares and Daniel Kang buying 4,200 shares for $28,980 on November 25, 2025—represent direct personal investments by senior executives in company equity. Such purchases transmit a straightforward alignment mechanism: executives convert personal capital into publicly traded shares, increasing their direct economic stake and signaling confidence in the firm’s stated treasury strategy focused on Solana.

Risks and dependencies remain administrative and disclosure‑related rather than economic. The reported transfers of partnership units and pro‑rata distributions within affiliated LLCs are described as administrative and not altering aggregate economic ownership or public float. That limits immediate market impact but raises governance items to monitor: timing and documentation of Form 4/Form 5 filings, any future loans or related‑party arrangements referenced in the transfers, and whether aggregated insider ownership thresholds change in subsequent filings.

Watch for near‑term follow-ups: additional Form 4 filings that change aggregate insider holdings, any public disclosure clarifying the loan repayment mentioned, and further open‑market activity by the executive team over the next 30–90 days. For stakeholders, these actions provide a modest positive signal about executive conviction while the administrative transfers warrant confirmation that disclosures fully reflect economic realities and related‑party terms.

BOCA RATON, FL, Nov. 26, 2025 (GLOBE NEWSWIRE) -- DeFi Development Corp. (Nasdaq: DFDV) (the “Company”), the first public company with a treasury strategy built to accumulate and compound Solana (“SOL”), today announced, as disclosed in recently filed Form 4 statements with the U.S. Securities and Exchange Commission, that members of its executive leadership team purchased additional shares of the Company’s common stock in open-market.

Executive Open-Market Purchases
Parker White, Chief Operating Officer & Chief Investment Officer, purchased $69,420 of DFDV common stock on November 25, 2025, representing a total of 10,044 shares, in open market transactions.

Daniel Kang, Chief Strategy Officer, purchased 4,200 shares of DFDV common stock on November 25, 2025, at a price of $6.90 per share, for a total investment of $28,980.

“These additional purchases reflect the strong conviction our leadership team has in the Company’s long-term strategy and in DFDV’s position as the leading Solana-focused Digital Asset Treasury,” said Parker White, COO & CIO at DeFi Development Corp.

Transfers of Shares Between Affiliated Entities
Recent SEC filings also disclosed certain transfers of indirect beneficial ownership between affiliated entities. These transfers were administrative in nature, did not involve any open-market sales, and did not change the aggregate economic ownership of the parties involved.

The filings reported changes in indirect ownership resulting from the transfer of partnership units in SolSync Solutions Partnership, a general partnership in which both Parker White and Joseph Onorati hold interests. The transfer of units led to corresponding shifts in the indirect ownership of DFDV common stock and warrants previously held by the partnership, including allocations to Defi International Holding LLC, an entity managed by Mr. Onorati, in connection with the repayment of a loan between Mr. White and Mr. Onorati.

Additionally, DeFi Dev LLC, the LLC entity used to acquire a portion of the controlling interest from Blake Janover, distributed a portion of the shares to the relevant members. The shares were distributed based on pro-rata ownership within the LLC and do not reflect any changes in the underlying, pass-through ownership of the members.

Overall, these adjustments reflect internal realignments between existing ownership entities and have no impact on public-market share availability or aggregate ownership across the management team.

About DeFi Development Corp.
DeFi Development Corp. (Nasdaq: DFDV) has adopted a treasury policy under which the principal holding in its treasury reserve is allocated to SOL. Through this strategy, the Company provides investors with direct economic exposure to SOL, while also actively participating in the growth of the Solana ecosystem. In addition to holding and staking SOL, DeFi Development Corp. operates its own validator infrastructure, generating staking rewards and fees from delegated stake. The Company is also engaged across decentralized finance (“DeFi”) opportunities and continues to explore innovative ways to support and benefit from Solana’s expanding application layer.

The Company is an AI-powered online platform that connects the commercial real estate industry by providing data and software subscriptions, as well as value-add services, to multifamily and commercial property professionals, as the Company connects the increasingly complex ecosystem that stakeholders have to manage.

The Company currently serves more than one million web users annually, including multifamily and commercial property owners and developers applying for billions of dollars of debt financing per year, professional service providers, and thousands of multifamily and commercial property lenders, including more than 10% of the banks in America, credit unions, real estate investment trusts (“REITs”), debt funds, Fannie Mae® and Freddie Mac® multifamily lenders, FHA multifamily lenders, commercial mortgage-backed securities (“CMBS”) lenders, Small Business Administration (“SBA”) lenders, and more. The Company’s data and software offerings are generally offered on a subscription basis as software as a service (“SaaS”).

Forward-Looking Statements
This release contains "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995, including concerning the warrant distribution; the anticipated record date and distribution date for the warrant; the anticipated gross proceeds from the exercise of warrants; the expected use of proceeds; the acceptance to trading of the warrants on the Nasdaq Capital Market; the prices of the warrants; and the existence of a market for those warrants. Forward-looking statements can be identified by words such as: "anticipate," "intend," "plan," "believe," "project," "estimate," "expect," strategy," "future," "likely," "may,", "should," "will" and similar references to future periods. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control, including market risks, trends and uncertainties, and other risks and uncertainties more fully in the section captioned "Risk Factors" in the Company's most recent Annual Report on Form 10-K, subsequent Quarterly Reports on Form 10-Q and other reports we file with the SEC. As a result of these matters, changes in facts, assumptions not being realized or other circumstances, the Company's actual results may differ materially from the expected results discussed in the forward-looking statements contained in this press release. Forward-looking statements contained in this announcement are made as of this date, and the Company undertakes no duty to update such information except as required under applicable law.

Investor Contact:
ir@defidevcorp.com

Media Contact:
press@defidevcorp.com

FAQ

What insider purchases did DFDV report on November 25, 2025?

Parker White purchased 10,044 shares worth $69,420 and Daniel Kang purchased 4,200 shares at $6.90 per share on November 25, 2025.

Do the reported transfers change DFDV public share availability or aggregate ownership?

No; the filings say the transfers were administrative and did not change aggregate economic ownership or public-market share availability.

Why were shares reallocated among affiliated entities in the DFDV filings?

The reallocations followed partnership unit transfers, a loan repayment allocation to Defi International Holding LLC, and pro-rata distributions from DeFi Dev LLC, per the filings.

How much did Daniel Kang spend on DFDV stock on November 25, 2025?

Daniel Kang invested $28,980 by buying 4,200 shares at $6.90 per share on November 25, 2025.

Which DFDV executives disclosed open-market purchases in the recent Form 4 filings?

The Form 4 filings show open-market purchases by Parker White and Daniel Kang on November 25, 2025.