Welcome to our dedicated page for DeFi Development SEC filings (Ticker: DFDV), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
DeFi Development Corp. filings document a Nasdaq-listed operating company with common stock under DFDV and warrants under DFDVW. The records cover its Solana-focused treasury model, registered securities, capital raising arrangements, business updates, governance actions, executive compensation, and changes involving legacy business activities.
Recent 8-K disclosures include an at-the-market equity sales agreement, results and business updates, director appointments, officer separation arrangements, equity incentive grants, and the wind down of legacy Janover Capital Markets and Janover Insurance businesses. Registration statements and related disclosures describe securities offerings, smaller reporting company and emerging growth company status, risk factors, and capital structure.
DeFi Development Corp. Chief Financial Officer Han Fei reported that 2,803 shares of Common Stock were withheld at $2.82 per share on July 17, 2026 to pay taxes due on the vesting of restricted stock units, leaving 360,435 Common shares held directly. Additional holdings reported as indirect include 1,000 shares of Series A Preferred Stock and 468,517 Common shares held by DeFi Dev LLC, a manager-managed limited liability company whose securities are voted by its manager, Parker White.
DeFi Development Corp. has completed a legal reincorporation from Delaware to Nevada, effective June 26, 2026, at 3:01 a.m. Eastern Time. The company’s internal affairs are now governed by Nevada law, a new Nevada Charter and Nevada Bylaws approved by its board.
Each share of Delaware common and Series A preferred stock automatically converted into one equivalent Nevada share, and all existing options, warrants, RSUs and other rights now relate to Nevada common stock on the same terms. The company states there is no change to its headquarters, management, operations, assets, liabilities or material contracts, and its common stock continues to trade on Nasdaq under the symbol DFDV.
DeFi Development Corp. Chief Financial Officer Han Fei reported routine equity activity related to restricted stock units. On June 17, 2026, 2,803 shares of common stock at $3.09 per share were withheld to cover taxes on RSU vesting, rather than sold in the open market. After this tax-withholding disposition, Han Fei directly held 363,238 shares of common stock. Separately, an affiliated entity, Defi Dev LLC, held 468,517 common shares and 1,000 shares of Series A Preferred Stock, which are voted by a manager of that LLC.
DeFi Development Corp. reported that Parker White, its Chief Operating Officer and Chief Investment Officer, resigned his positions effective June 8, 2026. The company entered into a Separation Agreement under which he will receive $250,000 in cash payments over twelve months and accelerated vesting of 213,272 stock options granted under the 2023 Equity Incentive Plan.
The company also plans to retain Mr. White as a consultant for $8,333 per month to assist with the transition of operations of certain validators owned by the company and related matters. The full Separation Agreement is filed as an exhibit.
DeFi Development Corp. proposes an at-the-market sale of up to $200,000,000 of common stock. The offering is being made under a Sales Agreement with R.F. Lafferty & Co., Inc. and may be sold from time to time at prevailing market prices.
As disclosed, there were 29,497,394 shares outstanding as of March 31, 2026 and the table shows an illustrative pro forma share count of 75,055,480 assuming sales of 45,558,086 shares at an assumed price of $4.39 per share. Net proceeds are intended for working capital, acquiring SOL, and strategic initiatives.
DeFi Development Corp. sharply expanded its Solana-focused treasury in Q1 2026 but reported a very large loss driven by crypto volatility and leverage. Revenue rose to $2.7M from $0.3M, almost entirely from digital asset staking and treasury activities, while the legacy real estate platform contributed a small, declining portion.
Net loss widened to $83.4M (basic and diluted EPS $(3.18)) from $0.8M, mainly from a $51.0M net loss on digital assets tied to a drop in SOL, a $22.8M loss on derivative positions linked to digital asset financing, and $10.7M of impairments on liquid staking tokens. Operating expenses also climbed on higher professional fees and headcount.
Digital assets at fair value fell to $65.9M from $136.0M, while additional SOL-linked holdings are carried at $32.7M. Heavy use of digital asset financing arrangements ($83.0M outstanding) and convertible notes ($127.8M long-term debt) left total liabilities at $219.5M, and stockholders’ equity dropped to $10.2M from $99.3M. The board approved winding down most of the Real Estate Platform segment by late Q2 2026 as the company concentrates on the Solana ecosystem.
DeFi Development Corp. Chief Financial Officer Han Fei reported a routine tax-related share withholding. On the vesting of restricted stock units, 2,802 shares of Common Stock were withheld at $4.78 per share to cover taxes, categorized as a tax-withholding disposition rather than an open-market sale.
Following this, Han Fei holds 366,041 shares of Common Stock directly. In addition, Defi Dev LLC, a manager-managed LLC of which he is a member, holds 1,000 shares of Series A Preferred Stock and 468,517 shares of Common Stock, with voting of those LLC-held securities exercised by Parker White as manager.
DeFi Development Corp. notified the SEC it could not timely file its Quarterly Report on Form 10-Q for the period ended March 31, 2026 and submitted a Form 12b-25 seeking the short extension permitted for quarterly reports. The company attributes the delay to technology disruptions and staffing constraints that slowed preparation of accounting records and supporting schedules, which prevented the independent registered public accounting firm from completing its review on schedule.
The company states it intends to file the Form 10-Q on or before the fifth calendar day following the prescribed due date. Management also notes it adopted a new treasury policy in April 2025 to include digital assets (beginning with SOL), and reported approximate preliminary results of $2.7 million revenue and ($83.4) million net loss for the quarter ended March 31, 2026, versus $0.29 million revenue and ($0.78) million net loss for the quarter ended March 31, 2025. The full results remain under review and will be reflected in the Form 10-Q.