Director at DeFi Development Corp. (DFDV) receives 2,000-share RSU grant

Rhea-AI Filing Summary

Caragol William J reported acquisition or exercise transactions in this Form 4 filing.

DeFi Development Corp. director receives equity award. Director William J. Caragol was granted 2,000 shares of common stock in the form of restricted stock units at a stated price of $0.00 per share. One-twelfth of these RSUs will vest each month so that all 2,000 shares vest on the one-year anniversary of the grant, if he continues in service through each vesting date.

After this grant, Caragol holds 54,500 shares of common stock, including 21,875 unvested RSUs that were granted on April 9, 2025 on a 7-for-1 forward stock split basis.

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^*

Caragol William J

(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)

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

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
Common Stock	02/17/2026		A		2,000(1)	A	$0.0000	54,500(2)	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-twelfth (1/12th) of the total number of shares subject to the RSUs shall vest each month 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.

2. Includes unvested RSUs for 21,875 shares (on a 7 for 1 forward stock split basis) granted to the reporting person on April 9, 2025, and initially reported in Table II of the reporting person's Form 4 filed with the Securities and Exchange Commission on April 11, 2025.

	/s/ William J. Caragol	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.
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FAQ

What insider transaction did DeFi Development Corp. (DFDV) report for William J. Caragol?

DeFi Development Corp. reported that director William J. Caragol received a grant of 2,000 restricted stock units of common stock at a stated price of $0.00 per share, reflecting an equity compensation award rather than an open-market purchase or sale.

How do the newly granted RSUs for DFDV vest for director William J. Caragol?

The 2,000 RSUs granted to William J. Caragol vest monthly, with one-twelfth of the total vesting each month. All 2,000 shares will be fully vested on the one-year anniversary of the grant, provided he continues serving through each vesting date.

How many DeFi Development Corp. shares does William J. Caragol own after this Form 4 transaction?

Following the reported grant, William J. Caragol holds 54,500 shares of DeFi Development Corp. common stock. This total includes both previously held shares and restricted stock units disclosed in the filing, combining vested and unvested equity interests.

What prior RSU award for DFDV is referenced in William J. Caragol’s Form 4 footnotes?

The footnotes state Caragol holds unvested RSUs for 21,875 shares on a 7-for-1 forward stock split basis. These were granted on April 9, 2025 and were first reported in Table II of a Form 4 filed on April 11, 2025.

Is the February 2026 DFDV insider transaction a purchase or a compensation grant?

The transaction is a compensation grant, coded as a grant, award, or other acquisition. Caragol received 2,000 restricted stock units at a reported price of $0.00 per share, indicating stock-based compensation rather than a cash-funded market purchase.