DeFi Development director gets 28,170-share RSU grant

Townsend Adam R. reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

Townsend Adam R. reported acquisition or exercise transactions in this Form 4 filing.

DeFi Development Corp. director Townsend Adam R. received a grant of 28,170 shares of common stock in the form of restricted stock units. The award was made at a stated price of $0.00 per share as an equity grant, not a market purchase.

One-fourth of the RSUs vest quarterly following the grant date, so all 28,170 shares are scheduled to vest by the one-year anniversary of the grant, as long as he continues serving through each vesting date. Following this grant, he directly holds 28,170 shares of common stock.

Insider Trade Summary

Grant/Award: 28,170 shares

Grant/Award 1 txn

Insider Townsend Adam R.

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	28,170	$0.00	$0.00

Holdings After Transaction: Common Stock — 28,170 shares (Direct)

Footnotes (1)

1. F1. Represents a grant of restricted stock units ("RSUs"), of which one-fourth (1/4th) of the total number of shares subject to the RSUs shall vest quarterly following the grant date, such that 100% of the shares subject to the RSUs will be vested on the one (1) year anniversary of the grant date, subject to the reporting person's continued service through each applicable vesting date.

Key Figures

RSU grant size: 28,170 shares Grant price per share: $0.00 per share Shares held after grant: 28,170 shares +1 more

4 metrics

RSU grant size 28,170 shares Restricted stock units representing common stock granted to director

Grant price per share $0.00 per share Stated price for RSU award, indicating equity compensation

Shares held after grant 28,170 shares Total common shares directly owned following the transaction

Vesting schedule 1/4 quarterly; 100% in 1 year RSUs vest each quarter and fully vest on one-year anniversary

Key Terms

restricted stock units ("RSUs"), vest, grant date

3 terms

restricted stock units ("RSUs") financial

"Represents a grant of restricted stock units ("RSUs"), of which one-fourth (1/4th)..."

Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.

vest financial

"one-fourth (1/4th) of the total number of shares subject to the RSUs shall vest quarterly..."

A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.

grant date financial

"shall vest quarterly following the grant date, such that 100% of the shares..."

The grant date is the day a company formally gives an employee or contractor the right to receive stock-based compensation, such as stock options or restricted shares. It matters to investors because it fixes key terms—like the price, the start of the ownership clock, and when the award will affect the company’s financial statements and share count—so it can influence dilution, reported expenses, and potential future selling pressure.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did DeFi Development Corp. (DFDV) report for Townsend Adam R.?

DeFi Development Corp. reported that director Townsend Adam R. received 28,170 shares of common stock as a grant of restricted stock units. This was a compensation-related equity award, not an open-market stock purchase or sale, and is recorded as a direct holding.

How many DeFi Development Corp. (DFDV) shares did the director acquire in this Form 4?

The director acquired 28,170 shares of DeFi Development Corp. common stock through a restricted stock unit grant. These shares were awarded at a stated price of $0.00 per share, reflecting an equity compensation grant rather than a cash transaction in the market.

How do the DeFi Development (DFDV) RSUs granted to the director vest?

The restricted stock units vest over one year, with one-fourth of the total 28,170 shares vesting quarterly after the grant date. All shares are expected to be fully vested on the one-year anniversary, if the director continues in service through each vesting date.

What is the director’s DeFi Development (DFDV) share ownership after this Form 4 transaction?

After the transaction, the director directly holds 28,170 shares of DeFi Development Corp. common stock. This entire amount reflects the newly granted restricted stock units reported in the filing, and there are no additional derivative holdings disclosed in this Form 4.

Was cash paid for the DeFi Development (DFDV) shares granted to the director?

No cash was paid for these shares. The 28,170 shares of DeFi Development Corp. common stock were granted at a stated price of $0.00 per share as restricted stock units, indicating a compensation award rather than a cash-funded stock purchase.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 04/06/2026 - 05:16 PM EDT Learn about SEC filing dates

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

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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^*

Townsend Adam R.

(Last) (First) (Middle)

C/O DEFI DEVELOPMENT CORP.

6401 CONGRESS AVENUE, SUITE 250

(Street)

BOCA RATON FLORIDA 33487

(City) (State) (Zip)

UNITED STATES

(Country)

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)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/04/2026

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

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

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

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
Common Stock	04/04/2026		A		28,170(1)	A	$0.0000	28,170	D

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

Explanation of Responses:

1. Represents a grant of restricted stock units ("RSUs"), of which one-fourth (1/4th) of the total number of shares subject to the RSUs shall vest quarterly following the grant date, such that 100% of the shares subject to the RSUs will be vested on the one (1) 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	04/06/2026
	** 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.
* Form 4: SEC 1474 (03-26)