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DeFi Development Corp. (DFDV) CFO reports tax withholding of 2,803 shares

(Neutral)
(Neutral)
Form Type
4

Rhea-AI Filing Summary

DeFi Development Corp. Chief Financial Officer Han Fei reported that 2,803 shares of Common Stock were withheld at $2.82 per share on July 17, 2026 to pay taxes due on the vesting of restricted stock units, leaving 360,435 Common shares held directly. Additional holdings reported as indirect include 1,000 shares of Series A Preferred Stock and 468,517 Common shares held by DeFi Dev LLC, a manager-managed limited liability company whose securities are voted by its manager, Parker White.

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Insider Han Fei
Role Chief Financial Officer
Type Security Shares Price Value
Tax Withholding Common Stock F1 2,803 $2.82 $8K
holding Common Stock F2 -- -- --
holding Series A Preferred Stock F2 -- -- --
Holdings After Transaction: Common Stock — 360,435 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.
Shares withheld for taxes 2,803 shares Common Stock withheld to pay taxes on RSU vesting on 2026-07-17
Tax withholding price $2.82 per share Per-share value applied to withheld Common Stock on 2026-07-17
Direct Common Stock holdings after transaction 360,435 shares Common Stock held directly by Han Fei following tax withholding disposition
Indirect Series A Preferred holdings 1,000 shares Series A Preferred Stock held indirectly through DeFi Dev LLC
Indirect Common Stock holdings 468,517 shares Common Stock held indirectly through DeFi Dev LLC
Tax-withholding transactions count 1 transaction Single F-code tax-withholding disposition reported on 2026-07-17
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.
withheld for payment of taxes financial
"Common Stock withheld for payment of taxes due"

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FAQ

What insider activity did DeFi Development Corp. (DFDV) report for Han Fei?

DeFi Development Corp. reported that CFO Han Fei had 2,803 Common shares withheld to cover tax obligations on vested restricted stock units. This is a tax-withholding disposition rather than a discretionary purchase or sale in the market.

How many DeFi Development (DFDV) shares were withheld and at what price?

The filing shows 2,803 shares of DeFi Development Common Stock withheld at $2.82 per share. These shares were used to satisfy taxes due in connection with the vesting of restricted stock units on July 17, 2026.

What are Han Fei’s direct DeFi Development (DFDV) common share holdings after the transaction?

After the tax-withholding transaction, CFO Han Fei directly holds 360,435 shares of DeFi Development Common Stock. This figure reflects his position following the withholding of 2,803 shares for payment of tax obligations on vested restricted stock units.

What indirect DeFi Development (DFDV) holdings are reported through DeFi Dev LLC?

Indirect holdings reported include 1,000 shares of Series A Preferred Stock and 468,517 Common shares held by DeFi Dev LLC. Han Fei is a member of this manager-managed LLC, while voting of these securities is performed by its manager, Parker White.

What does transaction code F mean in the DeFi Development (DFDV) Form 4?

Transaction code F represents shares disposed of to pay an exercise price or tax liability. Here, it indicates DeFi Development Common Stock was withheld for payment of taxes due at the vesting of restricted stock units, not an ordinary market sale.

Is Han Fei’s DeFi Development (DFDV) tax-withholding transaction under a Rule 10b5-1 plan?

The Form 4 does not indicate that the transaction was made under a Rule 10b5-1 trading plan. The document-level checkbox for Rule 10b5-1 is unchecked, and no footnote states that a pre-arranged trading plan applies.
SEC Form 4
FORM 4UNITED 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)
Director10% Owner
XOfficer (give title below)Other (specify below)
Chief Financial Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
07/17/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Common Stock07/17/2026F2,803(1)D$2.82360,435D
Common Stock468,517IBy Defi Dev LLC(2)
Series A Preferred Stock1,000IBy 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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount 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) Han07/20/2026
** Signature of Reporting PersonDate
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)