Han Fei 4

4 · DeFi Development Corp. · Filed Nov 25, 2025

Form 4

Period: 2025-10-27

Chief Financial Officer

Transactions

Other
Warrant (Right to buy)
2025-10-27+46,852→ 46,852 total(indirect: By LLC)
Exercise: $22.50From: 2025-11-16Exp: 2028-01-21→ Common Stock (46,852 underlying)
Other
Warrant (Right to buy)
2025-11-21−46,852→ 0 total(indirect: By LLC)
Exercise: $22.50From: 2025-11-16Exp: 2028-01-21→ Common Stock (46,852 underlying)
Other
Warrant (Right to buy)
2025-11-21+46,852→ 46,852 total
Exercise: $22.50From: 2025-11-16Exp: 2028-01-21→ Common Stock (46,852 underlying)

Holdings

Series A Preferred Stock
(indirect: By LLC)
1,000
Stock Option (Right to buy)
Exercise: $3.91From: 2026-04-09Exp: 2035-04-09→ Common Stock (180,985 underlying)
180,985
Common Stock
(indirect: By LLC)
468,517

Footnotes (5)

[F1]Reflects a 7-for-1 forward stock split effective on May 21, 2025.
[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.
[F3]Represents a pro rata distribution by Defi Dev LLC to its Class A members.
[F4]On October 8, 2025, DFDV declared a warrant dividend of warrants to purchase common stock in the amount of 1 warrant for each 10 shares of common stock held by each shareholder of record on October 23, 2025. The warrants were distributed on or around October 27, 2025. As a result, the reporting person received 46,852 warrants to purchase DFDV common stock.
[F5]The date shown is the first date exercisable. One-fourth (1/4th) of the total number of shares subject to the Option shall vest on the first anniversary of the grant date, and thereafter one-thirty-sixth (1/36th) shall vest on the same date of the month applicable to the first vesting date on each of the thirty-six (36) months that occur after the date shown, such that 100% of the shares subject to the Option will be vested on the four (4) year anniversary of the grant date, subject to the reporting person's continued service through each applicable vesting date.

Documents

1 file