[Form 4] DeFi Development Corp. Insider Trading Activity

DeFi Development Corp. (symbol: CHAD) is the issuer of record for a Form 4 filing submitted to the SEC.

Rhea-AI Filing Summary

DeFi Development Corp. (symbol: CHAD) is the issuer of record for a Form 4 filing submitted to the SEC.

Insider Trade Summary

Net Buyer: 10,440 shares

Net Buy 5 txns

Insider Kang Daniel

Role Chief Strategy Officer

Bought 10,440 shs ($92K)

Type	Security	Shares	Price	Value
Purchase	Variable Rate Series C Perpetual Preferred Stock	6,900	$8.84	$61K
Purchase	Variable Rate Series C Perpetual Preferred Stock F1	3,540	$8.81	$31K
holding	Common Stock	--	--	--
holding	Common Stock F1	--	--	--
holding	Common Stock F2	--	--	--

Holdings After Transaction: Variable Rate Series C Perpetual Preferred Stock — 6,900 shares (Direct); Variable Rate Series C Perpetual Preferred Stock — 3,540 shares (Indirect, By Riveya Technology Fund LLC); Common Stock — 18,181 shares (Direct); Common Stock — 13,000 shares (Indirect, By Riveya Technology Fund LLC); Common Stock — 46,852 shares (Indirect, By Defi Dev LLC)

Footnotes (2)

1. F1. Mr. Kang is the sole member and manager of Riveya Technology Fund LLC.
2. F2. Mr. Kang is a member of Defi Dev LLC, a manager-managed limited liability company. The securities herein are voted by Parker White serving as manager of Defi Dev LLC.

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Available on EDGAR 09/23/2026 - 08:59 PM Accepted by SEC EDGAR 09/23/2026 - 08:58 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a 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). See Instruction 10.

1. Name and Address of Reporting Person^*

Kang Daniel

(Last) (First) (Middle)

C/O DEFI DEVELOPMENT CORP.

6401 CONGRESS AVENUE, SUITE 250

(Street)

BOCA RATON FLORIDA 33487

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
DeFi Development Corp. [ DFDV ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Strategy Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/22/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Variable Rate Series C Perpetual Preferred Stock	09/22/2026		P		6,900	A	$8.84	6,900	D
Variable Rate Series C Perpetual Preferred Stock	09/22/2026		P		3,540	A	$8.81	3,540	I	By Riveya Technology Fund LLC(1)
Common Stock								18,181	D
Common Stock								13,000	I	By Riveya Technology Fund LLC(1)
Common Stock								46,852	I	By Defi Dev LLC(2)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Mr. Kang is the sole member and manager of Riveya Technology Fund LLC.

2. Mr. Kang is a member of Defi Dev LLC, a manager-managed limited liability company. The securities herein are voted by Parker White serving as manager of Defi Dev LLC.

Remarks:

The ticker symbol for the Variable Rate Series C Perpetual Preferred Stock listed above is CHAD.

	/s/Daniel Kang	09/23/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)