DeFi Development CFO has 2,803 shares withheld for taxes

DeFi Development Corp.’s CFO had shares withheld for RSU tax obligations and now reports substantial direct and indirect holdings.

Rhea-AI Filing Summary

DeFi Development Corp. (CHAD) reported that its Chief Financial Officer, Han Fei, had 2,803 shares of common stock withheld on September 17, 2026 to pay tax liabilities arising from the vesting of restricted stock units, at a reported value of $5.00 per share. Following this tax-withholding disposition, Han Fei holds 354,829 common shares directly and an entity associated with him, Defi Dev LLC, holds 468,517 common shares and 1,000 shares of Series A Preferred Stock indirectly, with voting of those indirect holdings carried out by Parker White as manager of Defi Dev LLC. No Rule 10b5-1 trading plan is reported for these transactions.

Insider Trade Summary

Tax Withholding: 2,803 shares

Tax Withholding 3 txns

Insider Han Fei

Role Chief Financial Officer

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock F1	2,803	$5.00	$14K
holding	Common Stock F2	--	--	--
holding	Series A Preferred Stock F2	--	--	--

Holdings After Transaction: Common Stock — 354,829 shares (Direct); Common Stock — 468,517 shares (Indirect, By Defi Dev LLC); Series A Preferred Stock — 1,000 shares (Indirect, By Defi Dev LLC)

Footnotes (2)

1. F1. Represents shares of Defi Development Corp. Common Stock withheld for payment of taxes due in connection with the vesting of restricted stock units.
2. F2. 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

Shares withheld for taxes: 2,803 shares Reported value per share: $5.00 per share Direct common shares after transaction: 354,829 shares +2 more

5 metrics

Shares withheld for taxes 2,803 shares Common stock withheld on September 17, 2026 to pay tax liabilities from RSU vesting

Reported value per share $5.00 per share Value used for the 2,803 withheld common shares on September 17, 2026

Direct common shares after transaction 354,829 shares Han Fei’s direct common stock holdings following the September 17, 2026 tax-withholding disposition

Indirect common shares held by Defi Dev LLC 468,517 shares Common stock of DeFi Development Corp. held indirectly through Defi Dev LLC

Indirect Series A Preferred Stock 1,000 shares Series A Preferred Stock of DeFi Development Corp. held indirectly through Defi Dev LLC

Key Terms

restricted stock units, withheld for payment of taxes, manager-managed limited liability company, indirect ownership

4 terms

restricted stock units financial

"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.

withheld for payment of taxes financial

"withheld for payment of taxes due in connection with the vesting"

manager-managed limited liability company regulatory

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

indirect ownership financial

"The securities herein are voted on by Parker White serving as manager"

FAQ

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

What transaction did DeFi Development Corp. (CHAD) disclose for CFO Han Fei?

The company disclosed that CFO Han Fei had 2,803 common shares withheld on September 17, 2026 to pay tax liabilities tied to vesting restricted stock units, at a reported value of $5.00 per share. This is a tax-withholding disposition, not an open-market sale.

How many DeFi Development Corp. (CHAD) shares does Han Fei hold directly after this filing?

After the reported tax-withholding disposition, Han Fei directly holds 354,829 shares of DeFi Development Corp. common stock. This figure represents his direct ownership position following the September 17, 2026 transaction.

What indirect holdings in DeFi Development Corp. (CHAD) are associated with Han Fei?

Defi Dev LLC, an entity in which Han Fei is a member, holds 468,517 common shares and 1,000 shares of Series A Preferred Stock of DeFi Development Corp. indirectly. According to the disclosure, these securities are voted by Parker White, the manager of Defi Dev LLC.

Was the DeFi Development Corp. (CHAD) transaction executed under a Rule 10b5-1 plan?

No. The filing indicates that the Rule 10b5-1 checkbox is not marked, and there is no footnote stating that the September 17, 2026 tax-withholding transaction was executed pursuant to a Rule 10b5-1 trading plan.

What type of transaction code was used in the DeFi Development Corp. (CHAD) Form 4?

The report uses transaction code F for the 2,803 common shares on September 17, 2026, which the disclosure describes as payment of tax liability by delivering or withholding securities in connection with RSU vesting, rather than a market sale.

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

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Available on EDGAR 09/18/2026 - 04:12 PM Accepted by SEC EDGAR 09/18/2026 - 04:12 PM 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^*

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)
09/17/2026

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	09/17/2026		F		2,803(1)	D	$5	354,829	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	09/18/2026
	** 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)