DeFi Development (DFDV) director granted 10,500 stock options after change in control

Rhea-AI Filing Summary

DeFi Development Corp. director Haskell Samuel Drayton reported receiving a grant of stock options for 10,500 shares on a derivative basis. The options were awarded at an exercise price of $0.0000 per share, giving him direct beneficial ownership of 10,500 options after the transaction.

According to the footnotes, these figures reflect a 7-for-1 forward stock split that becomes effective on May 19, 2025, and the options became fully vested on April 4, 2025 upon a change in control of the issuer.

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

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X

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^*

HASKELL SAMUEL DRAYTON

(Last) (First) (Middle)

C/O DEFI DEVELOPMENT CORP.

6041 CONGRESS AVENUE, SUITE 250

(Street)

BOCA RATON FL 33487

(City) (State) (Zip)

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

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

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

3. Date of Earliest Transaction (Month/Day/Year)
02/10/2025

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

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

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

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

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
Stock Option (Right to buy)	$0.76(1)	02/10/2025		A		10,500(1)		02/10/2026(2)	02/10/2035	Common Stock	10,500	$0.0000	10,500	D

Explanation of Responses:

1. Reflects a 7-for-1 forward stock split effective on May 19, 2025.

2. The options became fully vested on April 4, 2025 upon a change in control of the Issuer.

	/s/ Samuel Drayton Haskell	03/03/2026
	** 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.

FAQ

What insider transaction did DeFi Development Corp. (DFDV) report on this Form 4?

DeFi Development Corp. reported a director receiving a grant of 10,500 stock options. The award is a derivative security, giving the director the right to buy company shares under previously established equity compensation terms.

Who is the insider involved in the latest DFDV Form 4 filing?

The insider is Haskell Samuel Drayton, a director of DeFi Development Corp. He reported the acquisition of stock options as a grant or award, held as direct beneficial ownership after the transaction.

What are the key terms of the 10,500 DFDV stock options granted?

The director was granted 10,500 stock options with a stated exercise price of $0.0000 per share. These options are derivative securities representing rights to acquire common shares under DeFi Development Corp.’s equity incentive structure.

How did the stock split affect the DFDV option grant reported?

A footnote states the option amount reflects a 7-for-1 forward stock split effective May 19, 2025. This means the reported 10,500 options are adjusted to account for the split, aligning the award with the post-split share structure.

When did the DFDV director’s stock options become fully vested?

The footnotes state the options became fully vested on April 4, 2025 upon a change in control of DeFi Development Corp. This triggered full vesting under the option’s terms tied to that corporate event.

Is the DFDV Form 4 transaction a buy or a grant of options?

The transaction is classified as a grant, award, or other acquisition of derivative securities, not an open-market stock purchase. It records the insider receiving 10,500 stock options rather than buying existing common shares.