DeFi Development CFO reports tax share withholding
DeFi Development Corp. Chief Financial Officer Han Fei reported a routine tax-related share withholding.
Rhea-AI Filing Summary
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise Price or Tax Liability: 2,802 shares
Exercise Price or Tax Liability
3 txns
Insider
Han Fei
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 2,802 | $4.78 | $13K |
| holding | Common Stock | -- | -- | -- |
| holding | Series A Preferred Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 366,041 shares (Direct);
Common Stock — 468,517 shares (Indirect, By Defi Dev LLC);
Series A Preferred Stock — 1,000 shares (Indirect, By Defi Dev LLC)
Footnotes (2)
- F1. Represents shares of Defi Development Corp. Common Stock withheld for payment of taxes due in connection with the vesting of restricted stock units.
- F2. Mr. Han is a member of Defi Dev LLC, a manager-managed limited liability company. The securities herein are voted on by Parker White serving as manager of Defi Dev LLC.
Key Figures
Tax-withheld shares: 2,802 shares
Withholding price: $4.78 per share
Direct common shares after transaction: 366,041 shares
+3 more
6 metrics
Tax-withheld shares
2,802 shares
Common Stock withheld to pay RSU-related taxes
Withholding price
$4.78 per share
Value used for tax-withholding disposition
Direct common shares after transaction
366,041 shares
Han Fei direct Common Stock holdings following tax withholding
Indirect common shares via Defi Dev LLC
468,517 shares
Common Stock held by Defi Dev LLC, manager-voted by Parker White
Indirect Series A Preferred
1,000 shares
Series A Preferred Stock held by Defi Dev LLC
Tax-withholding transactions
1 transaction
Single F-code disposition for RSU tax payment
Key Terms
restricted stock units, tax-withholding disposition, Series A Preferred Stock, manager-managed limited liability company
4 terms
restricted stock units financial
"taxes due in connection with the vesting of restricted stock units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax-withholding disposition financial
"transaction_action is described as tax-withholding disposition for code F"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
Series A Preferred Stock financial
"security_title is listed as Series A Preferred Stock in one entry"
Series A preferred stock is a type of ownership share in a company that gives investors certain advantages, such as priority in receiving profits or getting their money back if the company is sold or goes bankrupt. It is often issued during early funding stages to attract investors by offering more security than common shares. This stock matters to investors because it provides a safer way to invest while still holding potential for future gains.
manager-managed limited liability company financial
"Defi Dev LLC, a manager-managed limited liability company"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did DeFi Development Corp. (DFDV) CFO Han Fei report on this Form 4?
Han Fei reported a tax-related share withholding transaction. 2,802 shares of DeFi Development Corp. Common Stock were withheld at $4.78 per share to satisfy taxes due on restricted stock unit vesting, rather than being sold in the open market.
What indirect holdings in DeFi Development Corp. are associated with Han Fei?
Indirectly, 1,000 shares of Series A Preferred Stock and 468,517 Common Stock shares are held by Defi Dev LLC. Han Fei is a member of this manager-managed LLC, while voting for these LLC-held securities is exercised by manager Parker White.
Was the DeFi Development Corp. Form 4 transaction an open-market sale by Han Fei?
No, it was not an open-market sale. The Form 4 shows a code F transaction, meaning 2,802 shares of Common Stock were withheld to pay taxes related to restricted stock unit vesting, a routine compensation-related event rather than discretionary selling.
AI-generated analysis. How Rhea-AI works. Not financial advice.
