DeFi Development CFO has 2,803 shares withheld

DeFi Development Corp. (DFDV) reported that Chief Financial Officer Han Fei had 2,803 shares of common stock withheld on 2026-08-17 to satisfy tax obligations arising from the vesting of restricted stock units, at $3.16 per share.

Rhea-AI Filing Summary

DeFi Development Corp. (DFDV) reported that Chief Financial Officer Han Fei had 2,803 shares of common stock withheld on 2026-08-17 to satisfy tax obligations arising from the vesting of restricted stock units, at $3.16 per share. Following this tax-withholding transaction, Han Fei directly holds 357,632 shares of common stock. In addition, entities associated with Han Fei indirectly hold 468,517 shares of common stock and 1,000 shares of Series A Preferred Stock through Defi Dev LLC, a manager-managed limited liability company whose securities are voted by Parker White as manager.

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	$3.16	$9K
holding	Common Stock F2	--	--	--
holding	Series A Preferred Stock F2	--	--	--

Holdings After Transaction: Common Stock — 357,632 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 Tax Withholding Price: $3.16 per share Direct Common Shares After Transaction: 357,632 shares +2 more

5 metrics

Shares Withheld for Taxes 2,803 shares Common stock withheld on 2026-08-17 for tax payment on RSU vesting

Tax Withholding Price $3.16 per share Value used for 2,803 common shares withheld for taxes

Direct Common Shares After Transaction 357,632 shares Direct common stock holdings of Han Fei following the tax-withholding disposition

Indirect Common Shares via Defi Dev LLC 468,517 shares Common stock held indirectly through Defi Dev LLC

Indirect Series A Preferred Shares 1,000 shares Series A Preferred Stock held indirectly through Defi Dev LLC

Key Terms

restricted stock units, manager-managed limited liability company, Series A Preferred Stock, 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.

manager-managed limited liability company financial

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

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.

indirect ownership financial

"ownership_type":"indirect"

FAQ

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

What transaction did DFDV CFO Han Fei report on this Form 4?

Han Fei reported that 2,803 shares of DeFi Development Corp. common stock were withheld on 2026-08-17 to pay taxes from vesting restricted stock units, rather than an open-market purchase or sale.

At what price were DFDV shares withheld for Han Fei’s tax payment?

The shares were valued at $3.16 per share for the tax-withholding transaction. This price applies to the 2,803 common shares withheld in connection with the vesting of restricted stock units.

How many DFDV shares does Han Fei hold directly after the reported transaction?

After the transaction, Han Fei directly holds 357,632 shares of DeFi Development Corp. common stock. This figure reflects his direct ownership position following the 2,803-share tax-withholding disposition.

What indirect holdings in DFDV does Han Fei report through Defi Dev LLC?

Indirectly through Defi Dev LLC, Han Fei reports 468,517 shares of common stock and 1,000 shares of Series A Preferred Stock. These securities are held by the LLC, a manager-managed entity.

Who exercises voting authority over the DFDV securities held by Defi Dev LLC?

Voting authority over these securities is exercised by Parker White, who serves as manager of Defi Dev LLC. The filing notes that Defi Dev LLC is a manager-managed limited liability company.

Was Han Fei’s DFDV Form 4 transaction part of a 10b5-1 trading plan?

The filing indicates the Rule 10b5-1 checkbox is not affirmed for this report. The reported transaction is a tax-withholding event, not an open-market trade under a trading plan.

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

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Accepted by SEC EDGAR 08/18/2026 - 06:21 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^*

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)
08/17/2026

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	08/17/2026		F		2,803(1)	D	$3.16	357,632	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	08/18/2026
	** 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)