What indirect holdings related to DFDV are reported through Defi Dev LLC?

The filing reports indirect ownership of 468,517 shares of Common Stock and 1,000 shares of Series A Preferred Stock held by Defi Dev LLC. Han Fei is a member of this LLC, while voting authority over these securities is exercised by Parker White as manager.

DeFi Development CFO granted 374,922 RSUs

Q: What equity award did DeFi Development Corp. (DFDV) grant to CFO Han Fei?

DeFi Development Corp. granted CFO Han Fei an award of 374,922 restricted stock units of Common Stock. The grant is recorded at $0.0000 per share, indicating a compensatory equity grant rather than a cash purchase in the market.

Q: How do the RSUs granted to DFDV CFO Han Fei vest over time?

The 374,922 RSUs granted to Han Fei vest monthly, with 1/48th of the award vesting on the same date each month. All shares will vest by the four-year anniversary of the grant date, subject to continued service through each vesting date.

Q: How many DeFi Development Corp. (DFDV) shares does Han Fei hold directly after this Form 4?

After the reported RSU grant, Han Fei directly holds 374,922 shares of Common Stock. These shares reflect the equity award reported as an acquisition under the Form 4, tied to his role as Chief Financial Officer of DeFi Development Corp.

Q: Does the Form 4 for DFDV show a purchase or a grant for Han Fei’s new shares?

The Form 4 shows a grant or award acquisition, not an open-market purchase. Han Fei received 374,922 RSUs at a stated price of $0.0000 per share, which is typical for stock-based compensation rather than cash-funded share buying.

DeFi Development Corp. Chief Financial Officer Han Fei received an equity award in the form of 374,922 restricted stock units of Common Stock.

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Rhea-AI Filing Summary

DeFi Development Corp. Chief Financial Officer Han Fei received an equity award in the form of 374,922 restricted stock units of Common Stock. The grant price is shown as $0.0000 per share, reflecting a compensatory award rather than a market purchase.

These RSUs vest in equal monthly installments, with one forty-eighth of the total vesting each month so that all 374,922 shares are fully vested on the fourth anniversary of the grant date, contingent on continued service. Following this grant, Han Fei holds 374,922 shares of Common Stock directly.

Separately from this award, the filing reports indirect holdings of 468,517 shares of Common Stock and 1,000 shares of Series A Preferred Stock held by Defi Dev LLC, a manager-managed limited liability company in which Han Fei is a member. Voting authority over these securities is exercised by Parker White as manager of Defi Dev LLC.

Insider Trade Summary

Grant/Award: 374,922 shares

Grant/Award 3 txns

Insider Han Fei

Role Chief Financial Officer

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	374,922	$0.00	$0.00
holding	Common Stock	--	--	--
holding	Series A Preferred Stock	--	--	--

Holdings After Transaction: Common Stock — 374,922 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 a grant of restricted stock units ("RSUs"), of which one forty-eighth (1/48th) of the total number of shares subject to the RSUs shall vest on the same date of each month following the grant date, such that 100% of the shares subject to the RSUs 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.
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.

FAQ

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

What equity award did DeFi Development Corp. (DFDV) grant to CFO Han Fei?

DeFi Development Corp. granted CFO Han Fei an award of 374,922 restricted stock units of Common Stock. The grant is recorded at $0.0000 per share, indicating a compensatory equity grant rather than a cash purchase in the market.

How do the RSUs granted to DFDV CFO Han Fei vest over time?

The 374,922 RSUs granted to Han Fei vest monthly, with 1/48th of the award vesting on the same date each month. All shares will vest by the four-year anniversary of the grant date, subject to continued service through each vesting date.

How many DeFi Development Corp. (DFDV) shares does Han Fei hold directly after this Form 4?

After the reported RSU grant, Han Fei directly holds 374,922 shares of Common Stock. These shares reflect the equity award reported as an acquisition under the Form 4, tied to his role as Chief Financial Officer of DeFi Development Corp.

Who has voting authority over Defi Dev LLC’s DeFi Development Corp. securities?

Voting authority over the DeFi Development Corp. securities held by Defi Dev LLC is exercised by Parker White, who serves as manager of the LLC. The filing notes Han Fei is a member of Defi Dev LLC, which is structured as a manager-managed limited liability company.

Does the Form 4 for DFDV show a purchase or a grant for Han Fei’s new shares?

The Form 4 shows a grant or award acquisition, not an open-market purchase. Han Fei received 374,922 RSUs at a stated price of $0.0000 per share, which is typical for stock-based compensation rather than cash-funded share buying.

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

Form 4 Insider Transactions: What Each Field Means →

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Accepted by SEC EDGAR 02/19/2026 - 04:18 PM EST

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^*

Han Fei

(Last)

(First)

(Middle)

C/O DEFI DEVELOPMENT CORP.

6401 CONGRESS AVENUE, SUITE 250

(Street)

BOCA RATON

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 Financial 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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	02/17/2026		A		374,922⁽¹⁾	A	$0.0000	374,922	D
Common Stock								468,517	I	By Defi Dev LLC⁽²⁾
Series A Preferred Stock								1,000	I	By Defi Dev LLC⁽²⁾

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Represents a grant of restricted stock units ("RSUs"), of which one forty-eighth (1/48th) of the total number of shares subject to the RSUs shall vest on the same date of each month following the grant date, such that 100% of the shares subject to the RSUs 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.

2. 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.

	/s/ John (Fei) Han	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).
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.

Source: View Original Filing on SEC EDGAR