Stablecoin Development director receives 6,000 shares
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Form Type
4
Rhea-AI Filing Summary
Stablecoin Development Corp (SDEV) director Paul E. Freiman reported a grant of 6,000 restricted stock units on October 16, 2025, and RSU vesting and settlement events that issued 6,000 common shares on October 16, 2026, 172 on May 28, 2025, and 5 on June 9, 2024. The RSUs vested in full on their respective anniversary dates, subject to continued service through each vesting date. All share and RSU amounts reflect the 1-for-5 reverse split effective February 20, 2026.
Freiman currently beneficially owns 140,000 RSUs. A separate entry lists one common share held by the Paul Freiman and Anna Mazzuchi Freiman Trust u/a dated May 24, 1995; Paul E. Freiman and Anna Mazzuchi Freiman are co-trustees, and Freiman shares voting and investment power over the share.
Insider Trade Summary
6,177 shares exercised/converted
Exercise
7 txns
Insider
Freiman Paul E.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F3, F1, F2, F4 | 6,000 | $0.00 | $0.00 |
| Exercise | Common Stock, par value $0.01 per share F3, F1, F2, F4 | 6,000 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Units F3, F1, F2, F4 | 6,000 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F3, F1, F2, F4 | 172 | $0.00 | $0.00 |
| Exercise | Common Stock, par value $0.01 per share F3, F1, F2, F4 | 172 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F3, F1, F2, F4 | 5 | $0.00 | $0.00 |
| Exercise | Common Stock, par value $0.01 per share F3, F1, F2, F4 | 5 | $0.00 | $0.00 |
| Holding | Common Stock, par value $0.01 per share F5 | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 146,000 contracts (Direct);
Common Stock, par value $0.01 per share — 6,188 shares (Direct);
Common Stock, par value $0.01 per share — 1 shares (Indirect, By Trust)
Footnotes (5)
- F1. All share and RSU amounts reported in this Form 4 have been adjusted to give effect to the Issuer's 1-for-5 reverse stock split effective February 20, 2026 (the "2026 Reverse Split"). On a pre-2026 Reverse Split basis, (i) the RSUs granted on October 16, 2025, and the shares of common stock issued upon settlement of such RSUs on October 16, 2026, each covered 30,000 RSUs or shares, as applicable, which equals 6,000 RSUs or shares on a post-2026 Reverse Split basis; (ii) the RSUs settled on May 28, 2025, and the shares of common stock issued upon such settlement, each covered 858 RSUs or shares, as applicable, which equals 172 RSUs or shares on a post-2026 Reverse Split basis; and (iii) the RSUs settled on June 9, 2024, and the shares of common stock issued upon such settlement, each covered 25 RSUs or shares, as applicable, which equals 5 RSUs or shares on a post-2026 Reverse Split basis.
- F2. The RSUs granted on May 28, 2024 were reported on the Reporting Person's Form 4 filed on May 30, 2024 as 30,000 RSUs, an amount that did not give effect to the Issuer's 1-for-35 reverse stock split effective May 30, 2024 (the "2024 Reverse Split"). After giving effect to each of the 2024 Reverse Split and the 2026 Reverse Split, such 30,000 RSUs equal 172 RSUs. The RSUs granted on June 9, 2023 were reported on the Reporting Person's Form 4 filed on June 13, 2023 as 858 RSUs; after giving effect to each of the 2024 Reverse Split and the 2026 Reverse Split, such 858 RSUs equal 5 RSUs. Fractional shares and RSUs resulting from the 2024 Reverse Split and the 2026 Reverse Split were rounded up to the nearest whole share or RSU, as applicable.
- F3. Each RSU represents a contingent right to receive one share of the Issuer's common stock upon vesting. The RSUs granted on June 9, 2023 vested in full on June 9, 2024, the first anniversary of the grant date. The RSUs granted on May 28, 2024 vested in full on May 28, 2025, the first anniversary of the grant date, and the RSUs granted on October 16, 2025 vested in full on October 16, 2026, the first anniversary of the grant date, in each case subject to the Reporting Person's continued service through the applicable vesting date. The RSUs have no expiration date.
- F4. The Reporting Person's Form 4 reporting the RSUs granted on March 31, 2026, filed on April 21, 2026, did not include (i) the 6,000 RSUs (on a post-2026 Reverse Split basis) granted on October 16, 2025, which were then held by the Reporting Person and unvested, or (ii) the shares of common stock held directly or indirectly by the Reporting Person, including shares acquired upon settlement of RSUs on May 21, 2022, May 11, 2023, June 9, 2024 and May 28, 2025. The holdings reported in this Form 4 correct the holdings previously reported. The 140,000 RSUs granted on March 31, 2026, as reported on such prior Form 4, are not affected by the transactions reported herein and continue to be held by the Reporting Person. The Reporting Person currently beneficially owns 140,000 RSUs.
- F5. The share is held by the Paul Freiman and Anna Mazzuchi Freiman Trust u/a dated 5/24/95, of which the Reporting Person and his spouse are co-trustees. The Reporting Person shares voting and investment power over such share.
Key Figures
RSUs granted: 6,000 RSUs
Common shares issued upon settlement: 6,000 shares
Common shares issued upon settlement: 172 shares
+4 more
7 metrics
RSUs granted
6,000 RSUs
October 16, 2025
Common shares issued upon settlement
6,000 shares
October 16, 2026
Common shares issued upon settlement
172 shares
May 28, 2025
Common shares issued upon settlement
5 shares
June 9, 2024
RSUs beneficially owned
140,000 RSUs
Currently reported for Paul E. Freiman
Reverse stock split
1-for-5
Effective February 20, 2026
Trust-held common shares
1 share
Held by the Paul Freiman and Anna Mazzuchi Freiman Trust
Key Terms
Restricted Stock Units, reverse stock split, contingent right, continued service
4 terms
Restricted Stock Units financial
"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.
reverse stock split financial
"1-for-5 reverse stock split effective February 20, 2026"
A reverse stock split reduces a company's number of outstanding shares while raising the price per share proportionally, so the total value of each investor's holding is unchanged; a 1-for-10 split turns 100 shares worth $1 each into 10 shares worth $10 each. Companies often do this to regain compliance with an exchange's minimum price rule or to attract investors who avoid very low-priced stocks.
contingent right financial
"Each RSU represents a contingent right to receive one share"
continued service financial
"subject to the Reporting Person's continued service through the applicable vesting date"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What RSU grants and vesting did SDEV director Paul E. Freiman report?
Paul E. Freiman reported a grant of 6,000 RSUs on October 16, 2025, followed by vesting and share settlement of 6,000 shares on October 16, 2026, 172 shares on May 28, 2025, and 5 shares on June 9, 2024. The RSU and share counts reflect the 1-for-5 reverse split effective February 20, 2026.
Why was the SDEV Form 4 filed late?
The late filing was attributed to administrative oversight compounded by the issuer's change in control and related management transition. Each transaction was required to be reported within two business days and was reported late.
AI-generated analysis. How Rhea-AI works. Not financial advice.
