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. Chief Financial Officer Han Fei reported a routine tax-related share withholding. On the vesting of restricted stock units, 2,802 shares of Common Stock were withheld at $4.78 per share to cover taxes, categorized as a tax-withholding disposition rather than an open-market sale.
Following this, Han Fei holds 366,041 shares of Common Stock directly. In addition, Defi Dev LLC, a manager-managed LLC of which he is a member, holds 1,000 shares of Series A Preferred Stock and 468,517 shares of Common Stock, with voting of those LLC-held securities exercised by Parker White as manager.
DeFi Development Corp. notified the SEC it could not timely file its Quarterly Report on Form 10-Q for the period ended March 31, 2026 and submitted a Form 12b-25 seeking the short extension permitted for quarterly reports. The company attributes the delay to technology disruptions and staffing constraints that slowed preparation of accounting records and supporting schedules, which prevented the independent registered public accounting firm from completing its review on schedule.
The company states it intends to file the Form 10-Q on or before the fifth calendar day following the prescribed due date. Management also notes it adopted a new treasury policy in April 2025 to include digital assets (beginning with SOL), and reported approximate preliminary results of $2.7 million revenue and ($83.4) million net loss for the quarter ended March 31, 2026, versus $0.29 million revenue and ($0.78) million net loss for the quarter ended March 31, 2025. The full results remain under review and will be reflected in the Form 10-Q.
DeFi Development Corp. released its Q1 2026 shareholder letter and business update, centered on its Solana-focused treasury strategy and SOL per share (SPS) growth. Fully converted SPS reached 0.0670 as of May 13, 2026, up about 1% since March 30, 2026 and 108% versus May 13, 2025.
The company repurchased approximately $4.4 million in principal of July 2030 convertible notes for about $2.6 million in cash, a 41% discount to par, which management estimates was 0.5% accretive to SPS and 5% accretive to NAV per share. Total SOL and SOL equivalents were 2,294,576, with roughly 30.1 million common shares outstanding and 34.2 million fully converted shares.
Management reaffirmed June 2026 guidance of 0.075 fully converted SPS, implying about 12% growth from current levels, and maintained its longer-term target of 1.0 SPS by December 2028. The letter also details onchain deployment, validator operations, capital structure plans that favor preferred equity over additional convertibles, and context on Solana network growth and use cases.
DeFi Development Corp. entered into a sales agreement with R.F. Lafferty & Co., Inc. that allows it to offer and sell up to $200 million of common stock from time to time through an at-the-market program. Shares will be issued under the company’s effective Form S-3 shelf registration.
The agent will use commercially reasonable efforts to place shares and will earn up to 0.75% of gross proceeds as commission, plus expenses. DeFi Development plans to use net proceeds for working capital, acquiring Solana (SOL) digital assets and other strategic initiatives. Either party can suspend sales or terminate the agreement on notice.
DeFi Development Corp. files a prospectus supplement to offer up to $200,000,000 of common stock through an at-the-market sales agreement with R.F. Lafferty & Co., Inc. under which shares may be sold from time to time.
The company states it had 29,497,394 shares outstanding as of March 31, 2026 and illustrates an example issuance of 45,558,086 shares at a $4.39 assumed price (the April 30, 2026 closing price), which would yield approximately $198.2 million in net proceeds after estimated fees. Proceeds are planned for working capital, acquiring SOL, and strategic initiatives.
DeFi Development Corp. Chief Financial Officer Han Fei reported a tax-related share disposition tied to equity compensation. On the reported date, 2,862 shares of Common Stock were withheld at $4.78 per share to cover taxes due upon vesting of restricted stock units, which is not an open-market sale.
After this withholding, Han Fei directly held 368,843 shares of Common Stock. In addition, 1,000 shares of Series A Preferred Stock and 468,517 shares of Common Stock are held indirectly through Defi Dev LLC, where the securities are voted by manager Parker White.
DeFi Development Corp. filed a shelf registration on Form S-3 to offer up to $1,000,000,000 of common stock, preferred stock, warrants, debt securities and units pursuant to a prospectus dated April 17, 2026. The prospectus permits multiple takedowns and that specific terms for each issuance will appear in prospectus supplements.
The company states its primary business is a Digital Asset Treasury focused on Solana (SOL) and a separate Real Estate Platform being wound down per a board decision on March 31, 2026. Shares outstanding were 29,497,394 as of March 31, 2026, and the last reported sale price was $4.77 per share on April 16, 2026.
Townsend Adam R. reported acquisition or exercise transactions in this Form 4 filing.
DeFi Development Corp. director Townsend Adam R. received a grant of 28,170 shares of common stock in the form of restricted stock units. The award was made at a stated price of $0.00 per share as an equity grant, not a market purchase.
One-fourth of the RSUs vest quarterly following the grant date, so all 28,170 shares are scheduled to vest by the one-year anniversary of the grant, as long as he continues serving through each vesting date. Following this grant, he directly holds 28,170 shares of common stock.
DeFi Development Corp. director Townsend Adam R. has filed an initial Form 3, which is the first statement of beneficial ownership for insiders. The data provided shows no reported transactions, no derivative positions, and no current holdings entries recorded in this filing.