DeFi Development Corp. (DFDV) director granted 87,500 options in filing

Rhea-AI Filing Summary

DeFi Development Corp. reported that director William J. Caragol received a grant of stock options on February 10, 2025. The award covers 87,500 options to buy common stock at an exercise price of $0.76 per share, with a stated expiration date of February 10, 2035. Following this grant, Caragol beneficially owned 87,500 derivative securities directly.

According to the footnotes, the number of options reflects a 7-for-1 forward stock split that became effective on May 19, 2025. The options became fully vested on April 4, 2025 upon a change in control of the company, accelerating the vesting schedule for this grant.

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

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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)

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)
02/10/2025

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

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)	$0.76(1)	02/10/2025		A		87,500(1)		02/10/2026(2)	02/10/2035	Common Stock	87,500	$0	87,500	D

Explanation of Responses:

1. Reflects a 7-for-1 forward stock split effective on May 19, 2025.

2. The options became fully vested on April 4, 2025 upon a change in control of the Issuer.

	/s/ William J. Caragol	01/07/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider transaction did DeFi Development Corp. (DFDV) report in this Form 4?

The filing reports that director William J. Caragol received a grant of 87,500 stock options on February 10, 2025. These options give him the right to buy DeFi Development Corp. common stock at a fixed exercise price.

What are the key terms of the 87,500 DeFi Development (DFDV) stock options?

The options are described as a Stock Option (Right to buy) with an exercise price of $0.76 per share. They have an expiration date of February 10, 2035, and following the transaction Caragol held 87,500 derivative securities directly.

How did the forward stock split affect William J. Caragol’s DeFi Development (DFDV) options?

The filing states that the 87,500 options figure reflects a 7-for-1 forward stock split that became effective on May 19, 2025, adjusting the option amount to account for the split.

When did the DeFi Development (DFDV) stock options for William J. Caragol become fully vested?

The options became fully vested on April 4, 2025 as a result of a change in control of the issuer, according to the footnote in the filing.

What is William J. Caragol’s relationship to DeFi Development Corp. (DFDV)?

William J. Caragol is identified in the filing as a director of DeFi Development Corp. He is not marked as an officer or a 10% owner in this report.

How many DeFi Development (DFDV) derivative securities does the director hold after this transaction?

After the reported grant, the Form 4 shows that William J. Caragol beneficially owned 87,500 derivative securities, all held in direct ownership form.