DeFi Development Corp. filings document a Nasdaq-listed operating company with common stock under DFDV and warrants under DFDVW. The records cover its Solana-focused treasury model, registered securities, capital raising arrangements, business updates, governance actions, executive compensation, and changes involving legacy business activities.
Recent 8-K disclosures include an at-the-market equity sales agreement, results and business updates, director appointments, officer separation arrangements, equity incentive grants, and the wind down of legacy Janover Capital Markets and Janover Insurance businesses. Registration statements and related disclosures describe securities offerings, smaller reporting company and emerging growth company status, risk factors, and capital structure.
DeFi Development Corp. (DFDV) insider Form 4 reports that Kang Daniel, the company's Chief Strategy Officer and a director, was granted a stock option on 09/19/2025 to purchase 57,500 shares of common stock at an exercise price of $16.93. The option is exercisable beginning 09/19/2026 and expires on 09/19/2035.
The award vests over four years: one-quarter vests on the first anniversary of the grant date and thereafter one thirty-sixth vests monthly for the following 36 months, subject to continued service. The Form 4 was signed by an attorney-in-fact on behalf of the reporting person on 09/23/2025.
DeFi Development Corp. (DFDV) Form 3 reports that Daniel Kang, listed as Chief Strategy Officer and officer of the issuer, disclosed beneficial ownership of 49,898.17 shares of common stock held indirectly through Defi Dev LLC and a direct stock option to purchase 122,500 shares at an exercise price of $3.91. The option first becomes exercisable on 04/09/2026 and expires on 04/09/2035; it vests over four years with 25% on the first anniversary and monthly vesting thereafter, subject to continued service. The filing was signed by an attorney-in-fact on 09/23/2025 and includes an Exhibit 24 power of attorney.
DeFi Development Corp. reported governance and capital structure updates. On September 18, 2025, director Marco Santori resigned from the Board of Directors. The company states that his decision to step down was not due to any disagreement with the company, which suggests no reported dispute over strategy, controls, or disclosures.
In addition, the company referenced a press release dated September 17, 2025 noting that it had 20,670,108 total shares outstanding as of September 16, 2025. The press release also provides an update on the company’s holdings of Solana and Solana equivalents and related metrics, indicating that digital asset positions are a relevant part of its business profile.
DeFi Development Corp. filed an S-1 to register Series C Cumulative Perpetual Preferred Stock intended to raise proceeds to support general corporate purposes, including the acquisition of Solana ("SOL") and working capital. The Series C will pay cumulative regular dividends quarterly and is convertible into common stock at an initial conversion rate (conversion price disclosed as adjustable). The company may optionally redeem all Series C shares under a threshold test. The Series C will generally carry limited voting rights. The filing discloses the company’s digital asset treasury strategy, including holdings and activity: $3.9 million held at digital asset platforms, $256.1 million of net additions (purchases, staking and validator operations) from July 1 to September 10, 2025, proceeds from Solana borrowings of ~$41.1 million and $6.9 million of fair value appreciation of SOL during that period. In July 2025 the company issued $122.5 million aggregate principal of 5.5% convertible senior notes and used $75.6 million of net proceeds to repurchase common stock in a prepaid forward stock purchase. The company lists multiple material risks tied to its SOL strategy, custody and regulatory uncertainty. The company’s common stock trades on Nasdaq under DFDV and the last reported sale price shown is $17.64 (September 15, 2025).