DeFi Development (DFDV) CFO has 2,803 shares withheld for RSU tax payment

Rhea-AI Filing Summary

DeFi Development Corp. Chief Financial Officer Han Fei reported routine equity activity related to restricted stock units. On June 17, 2026, 2,803 shares of common stock at $3.09 per share were withheld to cover taxes on RSU vesting, rather than sold in the open market. After this tax-withholding disposition, Han Fei directly held 363,238 shares of common stock. Separately, an affiliated entity, Defi Dev LLC, held 468,517 common shares and 1,000 shares of Series A Preferred Stock, which are voted by a manager of that LLC.

Insights

Equity compensation analyst

Routine RSU tax withholding; no open-market trading signal.

This Form 4 shows 2,803 common shares at $3.09 each withheld to pay taxes on restricted stock unit vesting. Code F and the footnote confirm this is a tax-withholding disposition, not a discretionary sale.

After the transaction, Han Fei still directly held 363,238 common shares, while Defi Dev LLC held an additional 468,517 common shares and 1,000 Series A Preferred. The withheld amount is small relative to these holdings, suggesting a standard compensation-related event.

The filing lists Defi Dev LLC as a manager-managed entity with voting conducted by its manager. Subsequent filings may provide further context on future RSU vesting or changes in indirect ownership structures.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider Han Fei

Role Chief Financial Officer

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock	2,803	$3.09	$9K
holding	Common Stock	--	--	--
holding	Series A Preferred Stock	--	--	--

Holdings After Transaction: Common Stock — 363,238 shares (Direct, null); Common Stock — 468,517 shares (Indirect, By Defi Dev LLC); Series A Preferred Stock — 1,000 shares (Indirect, By Defi Dev LLC)

Footnotes (1)

1. Represents shares of Defi Development Corp. Common Stock withheld for payment of taxes due in connection with the vesting of restricted stock units. 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.

Key Figures

Tax-withheld shares: 2,803 shares Withholding price: $3.09 per share Direct common shares after transaction: 363,238 shares +2 more

5 metrics

Tax-withheld shares 2,803 shares Common stock withheld for RSU tax payment at code F

Withholding price $3.09 per share Value used for 2,803 shares withheld for taxes

Direct common shares after transaction 363,238 shares Han Fei direct common stock position after tax withholding

Indirect common shares via Defi Dev LLC 468,517 shares Common stock held indirectly, voted by LLC manager

Series A Preferred via Defi Dev LLC 1,000 shares Indirectly held preferred shares associated with Han Fei

Key Terms

restricted stock units, tax-withholding disposition, Series A Preferred Stock, manager-managed limited liability company

4 terms

restricted stock units financial

"shares of Defi Development Corp. Common Stock withheld for payment of taxes due in connection with the vesting of restricted stock units"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

tax-withholding disposition financial

"transaction_action": "tax-withholding disposition""

A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.

Series A Preferred Stock financial

""security_title": "Series A Preferred Stock""

Series A preferred stock is a type of ownership share in a company that gives investors certain advantages, such as priority in receiving profits or getting their money back if the company is sold or goes bankrupt. It is often issued during early funding stages to attract investors by offering more security than common shares. This stock matters to investors because it provides a safer way to invest while still holding potential for future gains.

manager-managed limited liability company financial

"Defi Dev LLC, a manager-managed limited liability company"

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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^*

Han Fei

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/17/2026

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
Common Stock	06/17/2026		F		2,803(1)	D	$3.09	363,238	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents shares of Defi Development Corp. Common Stock withheld for payment of taxes due in connection with the vesting of restricted stock units.

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	06/19/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did DeFi Development Corp. (DFDV) report for Han Fei?

DeFi Development reported that CFO Han Fei had 2,803 common shares withheld to pay taxes on restricted stock unit vesting. This was a tax-withholding disposition, not an open-market sale, and is classified under transaction code F.

At what price were DeFi Development (DFDV) shares withheld for Han Fei’s taxes?

The company reported 2,803 common shares withheld at $3.09 per share to satisfy tax obligations tied to RSU vesting. This reflects the value used for the tax payment, rather than a market sale transaction.

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

Following the tax-withholding event, Han Fei directly held 363,238 common shares. In addition, an affiliated entity, Defi Dev LLC, held 468,517 common shares and 1,000 Series A Preferred shares, providing a broader view of associated holdings.

What is the role of Defi Dev LLC in DeFi Development (DFDV) insider holdings?

Defi Dev LLC holds 468,517 common shares and 1,000 Series A Preferred of DeFi Development. The filing notes it is a manager-managed LLC, with its securities voted by Parker White in the manager role, rather than directly by Han Fei.

Does this DeFi Development (DFDV) Form 4 indicate open-market buying or selling by Han Fei?

No. The Form 4 shows a tax-withholding disposition of 2,803 shares under code F to cover RSU-related taxes. This type of transaction is mechanistic, does not reflect open-market buying or selling decisions, and is common in equity compensation programs.