SDEV holders exercise 11.3M pre-funded warrants
Stablecoin Development Corp reporting persons exercised pre-funded warrants for common stock and settled the exercise on a cashless basis.
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Form Type
4
Rhea-AI Filing Summary
Stablecoin Development Corp reporting persons exercised pre-funded warrants for common stock and settled the exercise on a cashless basis. They exercised a warrant to acquire 11,332,020 shares of common stock at an exercise price of $0.002385 per share, according to the footnote.
To pay the exercise price, 24,720 of the warrant shares were withheld, and the remaining 11,307,300 shares of common stock were issued to the reporting persons. After these transactions, the reporting persons held 22,668,516 shares of common stock directly, and the exercised pre-funded warrants were fully eliminated.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
3 txns
Insider
R01 Fund LP, Kazley Michael John, R01 Capital LLC, R01 Capital Manager LLC
Role
10% Owner | Chief Executive Officer | 10% Owner | 10% Owner
Sold
24,720 shs ($27K)
Approx. gross sale proceeds
$27K
Approx. exercise cost
$27K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| In-the-Money Exercise | Pre-Funded Warrants (Right to Buy) | 11,332,020 | $0.00 | $0.00 |
| In-the-Money Exercise | Common Stock | 11,332,020 | $0.0024 | $27K |
| Sale | Common Stock | 24,720 | $1.09 | $27K |
Holdings After Transaction:
Pre-Funded Warrants (Right to Buy) — 0 contracts (Direct);
Common Stock — 22,668,516 shares (Direct)
Footnotes (1)
- F1. On June 16, 2026, the Reporting Persons exercised a pre-funded warrant to purchase 11,332,020 shares of common stock for $0.002385 per share. The Reporting Persons paid the exercise price on a cashless basis, resulting in the withholding of 24,720 of the warrant shares to pay the exercise price and issuing to the Reporting Persons the remaining 11,307,300 shares.
Key Figures
Warrant shares exercisable: 11,332,020 shares
Exercise price: $0.002385 per share
Shares withheld: 24,720 shares
+3 more
6 metrics
Warrant shares exercisable
11,332,020 shares
Pre-funded warrant for Stablecoin Development Corp common stock
Exercise price
$0.002385 per share
Pre-funded warrant exercise for 11,332,020 SDEV shares
Shares withheld
24,720 shares
Withheld to pay warrant exercise price on a cashless basis
Net shares issued
11,307,300 shares
Common stock issued to reporting persons after cashless exercise
Shares held after sale entry
22,668,516 shares
Total common stock directly owned following the disposition entry
Derivative position after exercise
0 shares
Pre-funded warrant balance after exercising 11,332,020 shares
Key Terms
pre-funded warrant, cashless basis, derivative security, in-the-money derivative exercise, +1 more
5 terms
pre-funded warrant financial
"the Reporting Persons exercised a pre-funded warrant to purchase 11,332,020 shares of common stock"
A pre-funded warrant is a financial instrument that gives the holder the right to buy shares of a company's stock at a set price, with most of the purchase cost already paid upfront. It functions like a nearly fully paid option, allowing investors to secure shares quickly while minimizing the amount of additional money they need to invest later. This helps investors gain ownership rights efficiently, often used to avoid certain regulatory restrictions or to prepare for future stock purchases.
cashless basis financial
"The Reporting Persons paid the exercise price on a cashless basis, resulting in the withholding of 24,720 of the warrant shares"
An agreement executed on a cashless basis lets a holder convert or exercise a security (like options, warrants, or conversion rights) without paying money upfront; instead the holder receives a smaller number of shares equal in value to what the cash would have purchased. Think of trading a coupon for fewer slices of a cake rather than handing over cash for the full slice. For investors, it affects how much ownership and dilution occur and avoids immediate cash outlays.
derivative security financial
"Exercise of in-the-money or at-the-money derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
in-the-money derivative exercise financial
"transaction_action": "in-the-money derivative exercise""
open-market sale financial
"transaction_action": "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did SDEV reporting persons complete on June 16, 2026?
They completed a cashless exercise of pre-funded warrants. The reporting persons exercised a warrant to acquire 11,332,020 Stablecoin Development Corp common shares and settled the exercise price by withholding a portion of the warrant shares instead of paying cash.
What was the exercise price for the SDEV pre-funded warrants?
The pre-funded warrants were exercised at $0.002385 per share. The filing footnote states the reporting persons exercised a pre-funded warrant to purchase 11,332,020 Stablecoin Development Corp common shares at this low exercise price on a cashless basis.
What happened to the SDEV pre-funded warrants after the exercise?
The pre-funded warrants were fully exercised and reduced to zero. The derivative table shows 11,332,020 pre-funded warrant shares exercised into common stock, with total derivative shares following the transaction reported as 0, eliminating that warrant position.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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