JANOVER BLAKE 4

What Happened
Janover Blake, a director of DeFi Development Corp. (DFDV), was granted 6,562 derivative securities (described as an option adjustment) on March 31, 2026. The filing shows the award was recorded at $0.00 (no cash paid at grant). This was a grant/adjustment rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-03-31; Form 4 filed: 2026-04-02 (filed within the normal Form 4 reporting window).
• Amount: 6,562 derivative shares/options granted; reported acquisition price $0.00.
• Shares owned after transaction: Not disclosed in this filing.
• Footnotes: (1) The option was granted as an adjustment to outstanding equity awards in connection with a warrant dividend distributed Oct 27, 2025. (2) The option is fully vested and exercisable on the date of grant.
• No 10b5-1 plan, tax-withholding sale, or cashless exercise noted.

Context
This was a derivative grant (an option adjustment) rather than a market purchase or sale. Because the option is fully vested and exercisable immediately, Blake could exercise according to the award terms; the filing does not show any immediate exercise or sale. Grants like this can increase an insider's potential ownership but do not by themselves indicate buying or selling activity in the open market.