Stern Hadley R. 4

What Happened

• Hadley R. Stern, a director of DeFi Development Corp. (DFDV), received a grant of 16,500 restricted stock units (RSUs) on January 27, 2026. The Form 4 reports the acquisition price as $0 (award), not a market purchase or sale. No immediate sale of shares was reported.

Key Details

• Transaction date: 2026-01-27; Transaction type: Award/Grant (code A).
• Shares granted: 16,500 RSUs; reported acquisition price: $0.
• Shares owned after the transaction: not specified in the provided filing details.
• Vesting: per footnote, 1/4 of the RSUs vest quarterly following the grant date, with 100% vesting one year after the grant, subject to continued service.
• Filing timeliness: Form filed 2026-01-29 for a 2026-01-27 grant (appears to be timely).

Context

• RSU grants are compensation/retention awards and do not represent an open-market purchase or sale; they vest over time and typically align the insider's interests with shareholders. This award alone does not indicate a buy or sell signal because it reflects company compensation policy rather than an immediate investment by the insider.