Caragol William J 4

What Happened
William J. Caragol, a director of DeFi Development Corp. (DFDV), was granted a derivative award covering 16,795 shares on 2026-03-31. The award is reported at $0.00 (no cash paid) and is described as an adjustment to outstanding equity awards tied to a prior warrant dividend. The filing shows the award is fully vested and immediately exercisable.

Key Details

• Transaction date: 2026-03-31; Form 4 filed: 2026-04-02 (appears timely—filed two business days after the transaction).
• Transaction type/code: Award/grant (A); reported price: $0.00.
• Shares/units granted: 16,795 (derivative instrument/option adjustment).
• Vesting/exercisability: Fully vested and exercisable on grant (footnote F2).
• Footnote F1: Award was an adjustment to outstanding equity awards in connection with a warrant dividend distributed to common stockholders on October 27, 2025.
• Shares owned after transaction: Not specified in the provided filing excerpt.

Context
This was a non-cash derivative award/adjustment rather than an open-market purchase or sale. Because it’s an award tied to prior equity/warrant adjustments and is fully vested, it does not necessarily signal a new purchase decision; retail investors should consider this as an internal equity adjustment rather than a market buy or sell.