DeFi Development (DFDV) director reports 17,500 stock options grant at $0.76

Rhea-AI Filing Summary

DeFi Development Corp. director Ned L. Siegel reported an award of stock options on Form 4. On February 10, 2025, he received 17,500 stock options, each giving the right to buy one share of common stock at an exercise price of $0.76. The filing notes that these figures reflect a 7-for-1 forward stock split that became effective on May 19, 2025. According to the footnotes, the options became fully vested on April 4, 2025 upon a change in control of the company and are scheduled to expire on February 10, 2035. After this grant, Siegel beneficially owns 17,500 stock options directly.

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^*

SIEGEL NED L

(Last) (First) (Middle)

6401 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		17,500(1)		02/10/2026(2)	02/10/2035	Common Stock	17,500	$0	17,500	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/ Ned L. Siegel	01/08/2026
	** 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).
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Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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FAQ

What does DeFi Development Corp. (DFDV) report in this Form 4?

The Form 4 reports that director Ned L. Siegel received an award of 17,500 stock options on February 10, 2025, giving him the right to buy common shares at a set price.

How many stock options did the DeFi Development (DFDV) director receive and at what exercise price?

Ned L. Siegel received 17,500 stock options, each with an exercise price of $0.76 per share, as reported for the February 10, 2025 transaction.

When do the reported DeFi Development (DFDV) stock options vest and expire?

The footnotes state that the options became fully vested on April 4, 2025 upon a change in control of the issuer and have an expiration date of February 10, 2035.

How did the stock split affect the DeFi Development (DFDV) option grant?

The filing explains that the 7-for-1 forward stock split effective on May 19, 2025 is reflected in the reported 17,500 stock option amount.

What is Ned L. Siegel’s ownership position after this DeFi Development (DFDV) transaction?

Following the reported transaction, Ned L. Siegel beneficially owns 17,500 stock options directly, according to the Form 4.

What is the relationship of the reporting person to DeFi Development Corp. (DFDV)?

The reporting person, Ned L. Siegel, is identified as a director of DeFi Development Corp. and is not listed as an officer or 10% owner.