Executive at DeFi Development Corp. (DFDV) receives 265,256-option grant

Rhea-AI Filing Summary

Kang Daniel reported acquisition or exercise transactions in this Form 4 filing.

DeFi Development Corp. Chief Strategy Officer Kang Daniel received a grant of stock options covering 265,256 shares on 2026-02-17. The options are reported at a price of 0.0000 per share and are held as direct ownership.

According to the terms, one-forty-eighth of the total options vest each month starting on the first exercisable date, so all 265,256 options are scheduled to fully vest by the four-year anniversary of the grant date, if he continues in service through each vesting date.

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

OMB APPROVAL

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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^*

Kang Daniel

(Last) (First) (Middle)

C/O DEFI DEVELOPMENT CORP.

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)

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

3. Date of Earliest Transaction (Month/Day/Year)
02/17/2026

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)	$3.8	02/17/2026		A		265,256		03/17/2026(1)	02/17/2036	Common Stock	265,256	$0.0000	265,256	D

Explanation of Responses:

1. The date shown is the first date exercisable. One-forty-eighth (1/48th) of the total number of shares subject to the Option shall vest on the same date of the month applicable to the first vesting date, 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.

	/s/ Bruce S. Rosenbloom, Attorney-in-Fact	02/19/2026
	** 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).
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FAQ

What insider transaction did DeFi Development Corp. (DFDV) report for Kang Daniel?

DeFi Development Corp. reported that Chief Strategy Officer Kang Daniel received a grant of stock options for 265,256 shares. The options were reported at a per-share price of 0.0000 and represent a compensation award rather than an open-market purchase or sale.

How many stock options were granted to DeFi Development (DFDV) CSO Kang Daniel?

Kang Daniel was granted stock options covering 265,256 shares. This entire amount appears as his total derivative holdings following the transaction, indicating the award established a new option position of that size as part of his executive compensation package.

What are the vesting terms of Kang Daniel’s stock options at DeFi Development Corp. (DFDV)?

The option award vests over four years. One-forty-eighth of the total 265,256 options vests each month on the same monthly date as the first vesting, so 100% becomes vested by the four-year anniversary, contingent on his continued service through each vesting date.

Is Kang Daniel’s DFDV stock option grant an open-market buy or a compensation award?

The filing describes Kang Daniel’s transaction as a grant or award acquisition of stock options, not an open-market purchase. It is coded as a compensation-related award, with options reported at a price of 0.0000 per share, reflecting standard equity compensation reporting.

Does Kang Daniel hold the reported DFDV stock options directly or through another entity?

The transaction is reported with direct ownership. There is no footnote indicating that the options are held through a trust, LLC, or other related entity, so the award is attributed directly to Kang Daniel in his capacity as Chief Strategy Officer.