Kang Daniel 4

What Happened Kang Daniel, Chief Strategy Officer of DeFi Development Corp. (DFDV), was granted a derivative award covering 265,256 shares on 2026-02-17. The reported acquisition price is $0.00, indicating no cash was paid at grant and the award is equity‑based (reported as a derivative). This is a grant/award (not a market purchase or sale), so it does not represent an immediate buy or sell of outstanding shares.

Key Details

• Transaction date: 2026-02-17 (Period of Report); Form 4 filed 2026-02-19 (Accession 0001225208-26-002166). Filing appears timely under Form 4 rules.
• Transaction type/code: A (Grant / award / other acquisition), derivative.
• Shares subject to award: 265,256; Price reported: $0.00 (no cash paid at grant).
• Shares owned after transaction: Not specified in the filing.
• Footnote: The award is subject to vesting — 1/48th of the total vests monthly beginning on the first exercisable date, with 100% vested on the 4‑year anniversary (per footnote F1).
• No 10b5-1 plan, tax‑withholding, or sale details are reported in this filing.

Context This filing documents a time‑based equity grant (option-like award) that vests monthly over four years. Such awards give the insider the right to acquire shares in the future as they vest and (if applicable) are exercised; they do not reflect an immediate change in market‑held shares or provide liquid proceeds at grant. For retail investors, grants are a form of long‑term incentive and not the same as an outright purchase that might signal near‑term bullishness.