DFDV insider Form 4 shows 7,181 direct shares and new warrants
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
DeFi Development Corp. (DFDV) reported insider activity by its Chief Strategy Officer, who filed as a single reporting person. On 10/27/2025 and 11/21/2025, he was involved in pro rata distributions of 2,981 shares of common stock between his direct holdings and Defi Dev LLC, where he is a member. On 11/25/2025, he purchased an additional 4,200 shares of common stock at $6.9 per share, bringing his directly held position to 7,181 shares, with a further 46,852 shares held indirectly through Defi Dev LLC.
The filing also shows warrant and option positions. He holds 4,983 warrants to buy common stock at $22.5 per share received as a warrant dividend, and stock options for 122,500 shares at $3.91 and 57,500 shares at $16.93. These options vest over four years under a standard schedule, with the first tranche vesting one year after grant and monthly vesting thereafter.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 4,200 shares ($28,980)
Net Buy
8 txns
Insider
Kang Daniel
Role
Chief Strategy Officer
Bought
4,200 shs ($29K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 4,200 | $6.90 | $29K |
| Other | Warrant (Right to buy) | 4,983 | $0.00 | -- |
| Other | Warrant (Right to buy) | 4,983 | $0.00 | -- |
| Other | Common Stock | 2,981 | $0.00 | -- |
| Other | Common Stock | 2,981 | $0.00 | -- |
| Other | Warrant (Right to buy) | 4,983 | $0.00 | -- |
| holding | Stock Option (Right to buy) | -- | -- | -- |
| holding | Stock Option (Right to buy) | -- | -- | -- |
Holdings After Transaction:
Common Stock — 7,181 shares (Direct);
Warrant (Right to buy) — 4,983 shares (Direct);
Warrant (Right to buy) — 0 shares (Indirect, By Defi Dev LLC);
Common Stock — 46,852 shares (Indirect, By Defi Dev LLC);
Stock Option (Right to buy) — 122,500 shares (Direct)
Footnotes (1)
- Represents a pro rata distribution from Defi Dev LLC of which the reporting person is a member. The amount shown reflects a correction of 67.17 shares of common stock inadvertently over reported on the reporting person's Form 3 filed on September 23, 2025. 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. On October 8, 2025, DFDV declared a warrant dividend of warrants to purchase common stock in the amount of 1 warrant for each 10 shares of common stock held by each shareholder of record on October 23, 2025. The warrants were distributed on or around October 27, 2025. As a result, the reporting person received 4,983 warrants to purchase DFDV common stock. Reflects a 7-for-1 forward stock split effective on May 21, 2025. The date shown is the first date exercisable. One-fourth (1/4th) of the total number of shares subject to the Option shall vest on the first anniversary of the grant date, and thereafter one-thirty-sixth (1/36th) shall vest on the same date of the month applicable to the first vesting date on each of the thirty-six (36) months that occur after the date shown, such that 100% of the shares subject to the Option will be vested on the four (4) year anniversary of the grant date, subject to the reporting person's continued service through each applicable vesting date.
FAQ
What insider activity did DeFi Development Corp. (DFDV) report in this Form 4?
The Chief Strategy Officer reported common stock transactions, including pro rata distributions of 2,981 shares and an open-market purchase of 4,200 shares at $6.9 per share.
What is Defi Dev LLC’s role in the DFDV Form 4 disclosure?
Defi Dev LLC holds 46,852 DFDV shares and certain warrants indirectly for the insider. The insider is a member, and the securities are voted by Parker White as manager of Defi Dev LLC.
What warrant positions does the DeFi Development (DFDV) insider hold?
The insider holds 4,983 warrants to purchase DFDV common stock at an exercise price of $22.5 per share, received as a warrant dividend based on existing share ownership.
What stock options are disclosed for the DFDV Chief Strategy Officer?
He holds stock options for 122,500 shares at an exercise price of $3.91 and 57,500 shares at $16.93, with vesting over four years, starting one year after each grant date.
How does the vesting schedule work for the DFDV stock options?
For each option grant, one-fourth of the shares vest on the first anniversary of the grant date, and one-thirty-sixth vests monthly thereafter so that 100% vests by the fourth anniversary, subject to continued service.
Why did the DFDV insider receive 4,983 warrants?
DFDV declared a warrant dividend of 1 warrant for each 10 shares of common stock held by shareholders of record, resulting in the insider receiving 4,983 warrants to purchase DFDV common stock.