DeFi Development (DFDV) CSO receives fully vested grant of 11,655 options

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

DeFi Development Corp. reported that Chief Strategy Officer Kang Daniel received a grant of stock options covering 11,655 shares of common stock. The options have an exercise price of $22.50 per share and were granted at no cost as an equity award adjustment.

According to the disclosure, the option grant was made in connection with a warrant dividend distributed to DeFi Development Corp. common shareholders on October 27, 2025. The options are fully vested and exercisable on the grant date, and following this transaction Kang Daniel holds 11,655 stock options directly.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Kang Daniel

Role Chief Strategy Officer

Type	Security	Shares	Price	Value
Grant/Award	Stock Option (Right to buy)	11,655	$0.00	--

Holdings After Transaction: Stock Option (Right to buy) — 11,655 shares (Direct)

Footnotes (1)

This option was granted as an adjustment to outstanding equity awards in connection with the warrant dividend distributed by DeFi Development Corp. to its holders of common stock on October 27, 2025. This option is fully vested and exercisable on the date of grant.

Key Figures

Options granted: 11,655 options Exercise price: $22.50 per share Underlying shares: 11,655 shares +2 more

5 metrics

Options granted 11,655 options Stock option grant to Chief Strategy Officer on March 31, 2026

Exercise price $22.50 per share Exercise price of newly granted stock options

Underlying shares 11,655 shares Common stock underlying the granted options

Expiration date January 21, 2028 Option expiration for the 11,655 granted options

Post-transaction options held 11,655 options Total derivative holdings following the grant

Key Terms

Stock Option (Right to buy), warrant dividend, fully vested and exercisable, Grant, award, or other acquisition

4 terms

Stock Option (Right to buy) financial

"security_title: "Stock Option (Right to buy)""

warrant dividend financial

"in connection with the warrant dividend distributed by DeFi Development Corp."

A warrant dividend is a payment to shareholders made in the form of warrants—receipts that give the holder the right to buy company shares at a set price in the future—instead of cash. It matters because it can boost potential upside like a coupon that lets you buy more stock later, but it can also dilute existing ownership and affect share value when the warrants are exercised, so investors should weigh future opportunity against possible dilution.

fully vested and exercisable financial

"This option is fully vested and exercisable on the date of grant."

Grant, award, or other acquisition financial

"transaction_code_description: "Grant, award, or other acquisition""

Form 4 Insider Transactions: What Each Field Means →

04/02/2026 - 04:08 PM

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^*

Kang Daniel

(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 Strategy Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/31/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Stock Option (Right to buy)	$22.5	03/31/2026		A		11,655⁽¹⁾		03/31/2026⁽²⁾	01/21/2028	Common Stock	11,655	$0.0000	11,655	D

Explanation of Responses:

1. This option was granted as an adjustment to outstanding equity awards in connection with the warrant dividend distributed by DeFi Development Corp. to its holders of common stock on October 27, 2025.

2. This option is fully vested and exercisable on the date of grant.

	/s/ Bruce S. Rosenbloom, Attorney-in-Fact	04/02/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did DFDV report for Kang Daniel on this Form 4?

DeFi Development Corp. reported that Chief Strategy Officer Kang Daniel received a grant of 11,655 stock options. These options give him the right to buy common shares, reflecting a compensation-related equity award rather than an open-market purchase or sale.

How many DeFi Development Corp. stock options did Kang Daniel receive?

Kang Daniel received 11,655 stock options linked to DeFi Development Corp. common stock. Each option corresponds to one underlying share, so the grant covers 11,655 potential shares if he chooses to exercise the options in the future.

What is the exercise price and term of Kang Daniel’s DFDV stock options?

The granted stock options have an exercise price of $22.50 per share and expire on January 21, 2028. This means he can choose to buy DeFi Development Corp. common shares at $22.50 any time before the expiration date, subject to plan terms.

Are Kang Daniel’s newly granted DFDV stock options vested?

Yes. The filing states the option is fully vested and exercisable on the date of grant. This means Kang Daniel does not need to wait for a vesting schedule and can exercise the 11,655 options immediately, within the option’s overall term.

Why was this DFDV stock option grant to Kang Daniel made?

The option was granted as an adjustment to outstanding equity awards tied to a warrant dividend DeFi Development Corp. distributed on October 27, 2025. This indicates the grant aligns prior awards with the company’s capital structure change from that dividend.

How many DFDV stock options does Kang Daniel hold after this transaction?

After this grant, Kang Daniel holds 11,655 stock options directly. The Form 4 shows this as his total derivative holdings following the transaction, all tied to DeFi Development Corp. common stock through this fully vested option award.