DeFi Development COO/CIO resigns, gets $250k

DeFi Development Corp. reported that Parker White, its Chief Operating Officer and Chief Investment Officer, resigned his positions effective June 8, 2026.

Rhea-AI Filing Summary

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.

Insights

Corporate governance analyst

Senior operating executive departs but remains as paid consultant during transition.

DeFi Development Corp. disclosed the resignation of its Chief Operating Officer and Chief Investment Officer, Parker White, effective June 8, 2026. Senior executive departures can affect continuity, but the filing does not state any cause for the resignation.

The Separation Agreement provides $250,000 in cash over twelve months, accelerated vesting of 213,272 options, and consulting fees of $8,333 per month. Keeping Mr. White engaged to support validator operations may help manage the operational transition, though the long-term leadership impact will depend on future appointments.

8-K Event Classification

2 items: 5.02, 9.01

2 items

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance

Key personnel changes including departures, elections, or appointments of directors and executive officers.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

Key Figures

Severance payments: $250,000 Accelerated options: 213,272 options Consulting fee: $8,333 per month +1 more

4 metrics

Severance payments $250,000 Total cash over twelve months under Separation Agreement

Accelerated options 213,272 options Unvested options vesting under 2023 Equity Incentive Plan

Consulting fee $8,333 per month Ongoing consulting services after June 8, 2026 resignation

Resignation effective date June 8, 2026 Effective date of COO/CIO resignation and Separation Agreement

Key Terms

Separation Agreement, 2023 Equity Incentive Plan, emerging growth company, validators, +1 more

5 terms

Separation Agreement financial

"the Company agreed to a separation agreement (the “Separation Agreement”)"

A separation agreement is a written contract that spells out the financial and legal terms when an employee and a company part ways, such as final pay, severance, continued benefits, confidentiality, and any release of claims. For investors, it matters because these agreements determine immediate costs, potential future liabilities, and whether departing staff are restricted from competing or disclosing information—factors that can affect a company’s cash flow, risk profile, and leadership continuity.

2023 Equity Incentive Plan financial

"options granted under the Company’s 2023 Equity Incentive Plan"

emerging growth company regulatory

"Emerging growth company"

An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.

validators technical

"transition of operations of certain validators owned by the Company"

Validators are people or organizations that check and confirm that information, transactions, or claims are accurate and meet required rules or standards. Their approval reduces risk and boosts trust in a company’s reports, deals, or product claims—much like an inspector signing off on a building—so their involvement can affect credibility, regulatory standing and, ultimately, investor confidence in the stock.

Inline XBRL technical

"Cover Page Interactive Data File (embedded within the Inline XBRL document)"

Inline XBRL is a file format for financial filings that embeds machine-readable data tags directly inside the human-readable report, so the same document can be read by people and parsed by software. For investors it makes extracting, comparing and verifying financial numbers faster and more reliable—like a grocery list where each item also has a barcode—reducing manual errors and speeding up analysis.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What executive change did DeFi Development Corp. (DFDV) announce in this 8-K?

DeFi Development Corp. reported that Parker White resigned as Chief Operating Officer and Chief Investment Officer effective June 8, 2026. The company entered into a Separation Agreement covering severance payments, accelerated option vesting, and a consulting arrangement to support operational transition of certain validators.

What severance will Parker White receive from DeFi Development Corp. (DFDV)?

Under the Separation Agreement, Parker White will receive cash payments totaling $250,000 over the next twelve months. These payments are provided in exchange for, among other things, a release of claims against DeFi Development Corp. following his resignation as COO and CIO effective June 8, 2026.

How many stock options will vest for Parker White after leaving DFDV?

DeFi Development Corp. agreed to accelerate the vesting of 213,272 of Parker White’s outstanding unvested options. These options were granted under the company’s 2023 Equity Incentive Plan and are part of the compensation terms included in the June 8, 2026 Separation Agreement.

Will Parker White continue working with DeFi Development Corp. (DFDV) after resigning?

Yes. DeFi Development Corp. intends to engage Parker White for ongoing consulting services at $8,333 per month. His role will focus on consulting regarding transition of operations of certain validators owned by the company and handling related operational matters following his resignation as COO and CIO.

Where can investors find the full Separation Agreement between DFDV and Parker White?

The complete Separation Agreement is filed as Exhibit 10.1 to the current report. DeFi Development Corp. states that its brief description is qualified in its entirety by reference to this exhibit, which contains the detailed terms of Parker White’s severance and consulting arrangements.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 06/10/2026 - 05:27 PM Learn about SEC filing dates

FALSE000180552600018055262026-06-082026-06-080001805526DFDV:CommonStockParValue0.00001PerShareMember2026-06-082026-06-080001805526DFDV:WarrantsEachWarrantExercisableForOneShareOfCommonStockMember2026-06-082026-06-08

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d)

OF THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): June 8, 2026

DEFI DEVELOPMENT CORP.

(Exact name of registrant as specified in its charter)

Delaware

001-41748

83-2676794

(State or other jurisdiction  of Incorporation)

(Commission File Number)

(IRS Employer  Identification Number)

6401 Congress Avenue, Suite 250  Boca Raton, FL						33487
(Address of registrant’s principal executive office)						(Zip code)

(561) 559-4111

(Registrant’s telephone number, including area code)

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐			Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐			Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐			Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐			Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading symbol(s)

Name of each exchange on which registered

Common Stock, par value $0.00001 per share

DFDV

The Nasdaq Stock Market LLC

Warrants, each warrant exercisable for one share of Common Stock

DFDVW

The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers; Compensatory Arrangements of Certain Officers.

On June 8, 2026, Parker White, Chief Operating Officer and Chief Investment Officer of DeFi Development Corp. (the “Company”), resigned from his positions with the Company and the Company agreed to a separation agreement (the “Separation Agreement”) with respect to the termination of Mr. White’s employment with the Company, effective as of June 8, 2026.

Pursuant to the Separation Agreement, Mr. White will be entitled to receive cash payments totaling $250,000 over the next twelve months in exchange for, among other things, a release of claims against the Company. In addition, the Company agreed to accelerate the vesting of 213,272 of Mr. White's outstanding unvested options granted under the Company’s 2023 Equity Incentive Plan. The Company also intends to engage Mr. White for certain ongoing consulting services for consideration in the amount of $8,333 per month to provide consultation regarding transition of operations of certain validators owned by the Company and related matters.

The foregoing description of the Separation Agreement does not purport to be complete and is qualified in its entirety by reference to the complete text of the agreement, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by reference.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No.						Description
10.1						Separation Agreement, dated as of June 8, 2026, by and between the Company and Parker White.
104						Cover Page Interactive Data File (embedded within the Inline XBRL document)

1

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: June 10, 2026			DEFI DEVELOPMENT CORP.
			By:			/s/ Joseph Onorati
			Name:			Joseph Onorati
			Title:			Chairman & CEO

2

Filing Exhibits & Attachments

5 documents

Agreements & Contracts

• EX-10.1 EX-10.1 68.9 KB

Other Documents

• EX-101 XBRL TAXONOMY EXTENSION SCHEMA DOCUMENT 2.9 KB
• EX-101 XBRL TAXONOMY EXTENSION DEFINITION LINKBASE DOCUMENT 16.2 KB
• EX-101 XBRL TAXONOMY EXTENSION LABEL LINKBASE DOCUMENT 29.4 KB
• EX-101 XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE DOCUMENT 17.0 KB