DFDV CEO Onorati reports new stock, warrant and option positions
Rhea-AI Filing Summary
DeFi Development Corp. (DFDV) director, CEO and 10% owner Joseph Onorati reported changes in his beneficial ownership of common stock and derivative securities. An indirect position of 271,043 shares of common stock was reported at a price of $4.96 per share through SolSync Solutions Partnership, with additional indirect holdings of 2,216,137 common shares and 4,500 Series A preferred shares through 3277447 Nova Scotia Ltd.
Following a previously declared warrant dividend, he reported receiving 221,613 warrants to purchase DFDV common stock at an exercise price of $22.5, and a further 27,104 warrants held through SolSync Solutions Partnership, both at an exercise price of $22.5. He also reported a stock option for 301,980 shares at an exercise price of $3.91, with vesting over four years beginning on 04/09/2026.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Warrant (Right to buy) | 27,104 | $0.00 | -- |
| Other | Common Stock | 271,043 | $4.96 | $1.34M |
| Other | Warrant (Right to buy) | 221,613 | $0.00 | -- |
| holding | Stock Option (Right to buy) | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Series A Preferred Stock | -- | -- | -- |
Footnotes (1)
- Represents the transfer of beneficial ownership in shares held by SolSync Solutions Partnership, an Alaska general partnership, through transfer of partnership units to Defi International Holding LLC, of which Joseph Onorati is manager, in connection with repayment of a loan. Parker White and Joseph Onorati are partners of SolSync Solutions Partnership, an Alaska general partnership. Parker White is the general partner and maintains voting and dispositive control over the reported shares. Reflects a 7-for-1 forward stock split effective on May 21, 2025. Mr. Onorati is the control person as director and president of 3277447 Nova Scotia Ltd and may be deemed to control 3277447 Nova Scotia Ltd. On October 8, 2025, DFDV declared a warrant dividend of warrants to purchase common stock in the amount of 1 warrant for each 10 shares of common stock held by each shareholder of record on October 23, 2025. The warrants were distributed on or around October 27, 2025. As a result, the reporting person received 221,613 warrants to purchase DFDV common stock. Represents the transfer of beneficial ownership in warrants to purchase common stock held by SolSync Solutions Partnership, an Alaska general partnership, through transfer of partnership units to Defi International Holding LLC, of which Joseph Onorati is manager, in connection with repayment of a loan. The date shown is the first date exercisable. One-fourth (1/4th) of the total number of shares subject to the Option shall vest on the first anniversary of the grant date, and thereafter one-thirty-sixth (1/36th) shall vest on the same date of the month applicable to the first vesting date on each of the thirty-six (36) months that occur after the date shown, such that 100% of the shares subject to the Option will be vested on the four (4) year anniversary of the grant date, subject to the reporting person's continued service through each applicable vesting date.
FAQ
What did DeFi Development Corp. (DFDV) insider Joseph Onorati report in this Form 4?
Joseph Onorati, a director, CEO and 10% owner of DeFi Development Corp., reported changes in his beneficial ownership of common stock, preferred stock, warrants, and stock options, including new indirect holdings and derivative positions.
What warrant positions in DFDV did Joseph Onorati report?
He reported 221,613 warrants to purchase DFDV common stock held through 3277447 Nova Scotia Ltd and 27,104 warrants held through SolSync Solutions Partnership. Both warrant series have an exercise price of $22.5 per share and are exercisable into common stock.
How did the DFDV warrant dividend affect Joseph Onorati’s holdings?
The company declared a warrant dividend of 1 warrant for each 10 common shares held by shareholders of record on 10/23/2025. As a result, Joseph Onorati received 221,613 warrants to purchase DFDV common stock.
What stock option grant did Joseph Onorati report for DeFi Development Corp. (DFDV)?
He reported a stock option covering 301,980 shares of common stock with an exercise price of $3.91 per share. The option becomes exercisable starting 04/09/2026, with one-fourth vesting on the first anniversary of the grant date and the remaining shares vesting monthly over the following thirty-six months.