DeFi Development CEO granted 22,639 stock options

DeFi Development Corp. CEO & Chairman Joseph Mario Onorati received a grant of 22,639 stock options on March 31, 2026.

Rhea-AI Filing Summary

DeFi Development Corp. CEO & Chairman Joseph Mario Onorati received a grant of 22,639 stock options on March 31, 2026. The options were awarded at a grant price of $0.00 per option and have an exercise price of $22.50 per share of common stock.

The award was issued as an adjustment to outstanding equity awards related to a prior warrant dividend distributed to common shareholders on October 27, 2025. The option is fully vested and exercisable on the grant date and covers 22,639 underlying shares, which also represents his total reported derivative holdings after this transaction.

Insider Trade Summary

Grant/Award: 22,639 shares

Grant/Award 1 txn

Insider Onorati Joseph Mario

Role CEO & Chairman

Type	Security	Shares	Price	Value
Grant/Award	Stock Option (Right to buy)	22,639	$0.00	$0.00

Holdings After Transaction: Stock Option (Right to buy) — 22,639 contracts (Direct)

Footnotes (2)

1. F1. 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. F2. This option is fully vested and exercisable on the date of grant.

Key Figures

Options granted: 22,639 options Grant price: $0.00 per option Exercise price: $22.50 per share +3 more

6 metrics

Options granted 22,639 options Stock Option grant on March 31, 2026

Grant price $0.00 per option Compensation grant, no purchase cost

Exercise price $22.50 per share Exercise price for common stock under option

Underlying shares 22,639 shares Common stock underlying the option

Expiration date January 21, 2028 Option expiry

Derivative holdings after grant 22,639 options Total derivative securities following transaction

Key Terms

Stock Option (Right to buy), warrant dividend, fully vested and exercisable, underlying security

4 terms

Stock Option (Right to buy) financial

"security_title: Stock Option (Right to buy)"

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."

underlying security financial

"underlying_security_title: Common Stock"

FAQ

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

What insider transaction did DeFi Development Corp. (DFDV) report for Joseph Mario Onorati?

DeFi Development Corp. reported that CEO & Chairman Joseph Mario Onorati received 22,639 stock options. These derivative securities give him the right to buy common shares at a fixed $22.50 exercise price and were granted as an adjustment to prior equity awards tied to a warrant dividend.

Is the new DeFi Development Corp. (DFDV) stock option grant to the CEO fully vested?

Yes, the option grant to CEO Joseph Mario Onorati is fully vested. The filing states the option is fully vested and exercisable on the March 31, 2026 grant date, meaning he can immediately choose to exercise it at the $22.50 per-share exercise price.

How many shares are covered by Joseph Mario Onorati’s new DFDV stock options?

The grant covers 22,639 underlying shares of DeFi Development Corp. common stock. This amount matches the number of derivative securities reported following the transaction, indicating these options represent his total reported derivative position in this filing.

What is the exercise price and expiration date of the DFDV options granted to the CEO?

The options granted to CEO Joseph Mario Onorati have a $22.50 exercise price per share and expire on January 21, 2028. He owes no upfront price for the grant itself, but must pay $22.50 per share if he chooses to exercise.

Why did DeFi Development Corp. adjust the CEO’s equity awards with this option grant?

The filing explains the option was granted as an adjustment to outstanding equity awards. This adjustment is linked to a warrant dividend DeFi Development Corp. distributed to its common stockholders on October 27, 2025, aligning prior awards with that corporate action.

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

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Accepted by SEC EDGAR 04/02/2026 - 04:08 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^*

Onorati Joseph Mario

(Last) (First) (Middle)

C/O DEFI DEVELOPMENT CORP.

6041 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
X	Officer (give title below)		Other (specify below)
	CEO & Chairman

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		22,639(1)		03/31/2026(2)	01/21/2028	Common Stock	22,639	$0.0000	22,639	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/ Joseph Mario Onorati	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)