DeFi Development (DFDV) CSO buys 13K shares in open market
Rhea-AI Filing Summary
Kang Daniel, Chief Strategy Officer of DeFi Development Corp. (DFDV), reported an open-market purchase of common stock on 2026-08-14. An entity he controls, Riveya Technology Fund LLC, bought 13,000 shares of common stock at $2.91 per share, resulting in 13,000 shares of indirect ownership through that entity after the transaction.
Separately, the Form 4 reports 7,181 shares of common stock held in direct ownership by Mr. Kang, and 46,852 shares held in indirect ownership through Defi Dev LLC, a manager-managed limited liability company. The related footnote states that these Defi Dev LLC securities are voted by Parker White, serving as manager of Defi Dev LLC.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 13,000 shares
Net Buy
3 txns
Insider
Kang Daniel
Role
Chief Strategy Officer
Bought
13,000 shs ($38K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock F1 | 13,000 | $2.91 | $38K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock F2 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 13,000 shares (Indirect, By Riveya Technology Fund LLC);
Common Stock — 7,181 shares (Direct);
Common Stock — 46,852 shares (Indirect, By Defi Dev LLC)
Footnotes (2)
- F1. Mr. Kang is the sole member and manager of Riveya Technology Fund LLC.
- F2. Mr. Kang is a member of Defi Dev LLC, a manager-managed limited liability company. The securities herein are voted by Parker White serving as manager of Defi Dev LLC.
Key Figures
Shares purchased: 13,000 shares
Purchase price: $2.91 per share
Indirect holdings via Riveya Technology Fund LLC: 13,000 shares
+3 more
6 metrics
Shares purchased
13,000 shares
Common stock purchased on 2026-08-14 by Riveya Technology Fund LLC
Purchase price
$2.91 per share
Price for the 13,000-share common stock purchase on 2026-08-14
Indirect holdings via Riveya Technology Fund LLC
13,000 shares
Total indirect common stock ownership through Riveya Technology Fund LLC after transaction
Direct holdings
7,181 shares
Common stock held directly by Kang Daniel after reported transactions
Indirect holdings via Defi Dev LLC
46,852 shares
Common stock held indirectly through Defi Dev LLC, voted by its manager
Net buy shares
13,000 shares
Net common stock increase from reported non-derivative transactions
Key Terms
indirect ownership, manager-managed limited liability company, sole member and manager, open market or private transaction
4 terms
indirect ownership financial
"reported as indirect ownership through entities such as Riveya Technology Fund LLC"
manager-managed limited liability company regulatory
"Defi Dev LLC, a manager-managed limited liability company. The securities herein are voted"
sole member and manager regulatory
"Mr. Kang is the sole member and manager of Riveya Technology Fund LLC"
open market or private transaction financial
"transaction_code_description: Purchase in open market or private transaction"
FAQ
What insider trade did DFDV Chief Strategy Officer Kang Daniel report on this Form 4?
Kang Daniel reported that Riveya Technology Fund LLC, an entity he solely manages, purchased 13,000 shares of DeFi Development Corp. common stock on 2026-08-14. The reported purchase price was $2.91 per share.
What indirect DFDV holdings were reported for Kang Daniel via Riveya Technology Fund LLC?
Following the transaction, Riveya Technology Fund LLC held 13,000 shares of DeFi Development Corp. common stock as indirect ownership attributed to Kang Daniel. A footnote states he is the sole member and manager of Riveya Technology Fund LLC.
Was Kang Daniel’s DFDV trade reported as a 10b5-1 plan transaction?
The filing’s Rule 10b5-1 checkbox is not checked, meaning it does not affirm that the reported 13,000-share purchase under Riveya Technology Fund LLC was executed under a Rule 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
