4//SEC Filing
Kang Daniel 4
Accession 0001225208-25-009463
CIK 0001805526other
Filed
Nov 24, 7:00 PM ET
Accepted
Nov 25, 9:13 PM ET
Size
18.4 KB
Accession
0001225208-25-009463
Insider Transaction Report
Form 4
Kang Daniel
Chief Strategy Officer
Transactions
- Other
Common Stock
2025-11-21+2,981→ 2,981 total - Purchase
Common Stock
2025-11-25$6.90/sh+4,200$28,980→ 7,181 total - Other
Warrant (Right to buy)
2025-11-21+4,983→ 4,983 totalExercise: $22.50From: 2025-11-16Exp: 2028-01-01→ Common Stock (4,983 underlying) - Other
Common Stock
2025-11-21−2,981→ 46,852 total(indirect: By LLC) - Other
Warrant (Right to buy)
2025-10-27+4,983→ 4,983 total(indirect: By LLC)Exercise: $22.50From: 2025-11-16Exp: 2028-01-21→ Common Stock (4,983 underlying) - Other
Warrant (Right to buy)
2025-11-21−4,983→ 0 total(indirect: By LLC)Exercise: $22.50From: 2025-11-16Exp: 2028-01-21→ Common Stock (4,983 underlying)
Holdings
- 57,500
Stock Option (Right to buy)
Exercise: $16.93From: 2026-09-19Exp: 2035-09-19→ Common Stock (57,500 underlying) - 122,500
Stock Option (Right to buy)
Exercise: $3.91From: 2026-04-09Exp: 2035-04-09→ Common Stock (122,500 underlying)
Footnotes (6)
- [F1]Represents a pro rata distribution from Defi Dev LLC of which the reporting person is a member.
- [F2]The amount shown reflects a correction of 67.17 shares of common stock inadvertently over reported on the reporting person's Form 3 filed on September 23, 2025.
- [F3]Mr. Kang is a member of Defi Dev LLC, a manager-managed limited liability company. The securities herein are voted by Parker White serving as manager of Defi Dev LLC.
- [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 4,983 warrants to purchase DFDV common stock.
- [F5]Reflects a 7-for-1 forward stock split effective on May 21, 2025.
- [F6]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
Issuer
DeFi Development Corp.
CIK 0001805526
Entity typeother
Related Parties
1- filerCIK 0002087925
Filing Metadata
- Form type
- 4
- Filed
- Nov 24, 7:00 PM ET
- Accepted
- Nov 25, 9:13 PM ET
- Size
- 18.4 KB