Option grant adjusts DeFi Development (DFDV) awards after warrant dividend

Rhea-AI Filing Summary

DeFi Development Corp. director Tai Zachary Aris received a grant of stock options for 656 shares of common stock. The options have an exercise price of $22.50 per share, are fully vested and exercisable on the grant date, and expire on January 21, 2028. The grant adjusts prior equity awards in connection with a warrant dividend distributed on October 27, 2025.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Tai Zachary Aris

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Stock Option (Right to buy)	656	$0.00	--

Holdings After Transaction: Stock Option (Right to buy) — 656 shares (Direct)

Footnotes (1)

1. This option was granted as an adjustment to outstanding equity awards in connection with the warrant dividend distributed by DeFi Development Corp. to its holders of common stock on October 27, 2025. This option is fully vested and exercisable on the date of grant.

Key Figures

Stock options granted: 656 options Exercise price: $22.50 per share Expiration date: January 21, 2028 +3 more

6 metrics

Stock options granted 656 options Grant to director Tai Zachary Aris

Exercise price $22.50 per share Stock option strike price

Expiration date January 21, 2028 Option term end

Underlying shares 656 shares Common stock underlying the options

Post-grant derivative holdings 656 options Total derivative securities following transaction

Grant date March 31, 2026 Option grant and exercisability date

Key Terms

Stock Option, warrant dividend, fully vested and exercisable, equity awards

4 terms

Stock Option financial

"security_title: "Stock Option (Right to buy)""

A stock option is a contract that gives you the right to buy or sell a company's stock at a specific price within a certain time frame. People use them to potentially make money if the stock's price moves favorably or to protect against losses. It's like holding a coupon that can be used to buy or sell stock at a set price later on.

warrant dividend financial

"in connection with the warrant dividend distributed by DeFi Development Corp."

A warrant dividend is a payment to shareholders made in the form of warrants—receipts that give the holder the right to buy company shares at a set price in the future—instead of cash. It matters because it can boost potential upside like a coupon that lets you buy more stock later, but it can also dilute existing ownership and affect share value when the warrants are exercised, so investors should weigh future opportunity against possible dilution.

fully vested and exercisable financial

"This option is fully vested and exercisable on the date of grant."

equity awards financial

"granted as an adjustment to outstanding equity awards in connection with the warrant dividend"

Equity awards are payments to employees or directors made in the form of company stock or rights to buy stock later, serving as a way to share ownership rather than cash. For investors, they matter because they align staff incentives with company performance, can increase the number of shares outstanding over time (which can reduce each share’s claim on profits), and create compensation costs that affect reported earnings.

Form 4 Insider Transactions: What Each Field Means →

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^*

Tai Zachary Aris

(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)
03/31/2026

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

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)	$22.5	03/31/2026		A		656(1)		03/31/2026(2)	01/21/2028	Common Stock	656	$0	656	D

Explanation of Responses:

1. This option was granted as an adjustment to outstanding equity awards in connection with the warrant dividend distributed by DeFi Development Corp. to its holders of common stock on October 27, 2025.

2. This option is fully vested and exercisable on the date of grant.

	/s/ Zachary Aris Tai	04/02/2026
	** 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)

FAQ

What did DeFi Development Corp. (DFDV) disclose in this Form 4?

DeFi Development Corp. reported a stock option grant to director Tai Zachary Aris. He received 656 options for common stock at a $22.50 exercise price, fully vested at grant, expiring January 21, 2028, as an adjustment tied to a prior warrant dividend.

How many stock options did Tai Zachary Aris receive from DFDV?

Tai Zachary Aris received 656 stock options for DeFi Development Corp. common stock. These options were granted as an adjustment to existing equity awards following a warrant dividend and are fully vested and exercisable immediately, giving him rights to acquire 656 underlying shares.

What is the exercise price and term of the DFDV options granted?

The stock options have a $22.50 per share exercise price and expire on January 21, 2028. They are fully vested and exercisable on the grant date, providing Tai Zachary Aris nearly two years to decide whether to exercise the options.

Why was this DeFi Development Corp. option grant made?

The option grant was made as an adjustment to outstanding equity awards. It relates to a warrant dividend DeFi Development Corp. distributed to its common stockholders on October 27, 2025, aligning existing awards with the impact of that corporate action.

Is the DFDV option grant to Tai Zachary Aris fully vested?

Yes, the option grant is fully vested and exercisable on the grant date. This means Tai Zachary Aris can exercise all 656 options immediately at $22.50 per share anytime before the January 21, 2028 expiration date, subject to standard option terms.