LEMOS MARCELO 4

What Happened
Marcelo Lemos, a director of DeFi Development Corp. (DFDV), was granted a derivative award on February 10, 2025 for 69,650 shares at an exercise/acquisition price of $0.00 (reported as a derivative transaction). The filing classifies this as an award/grant (code A); footnotes indicate the award is subject to a 7-for-1 forward stock split and that the related options became fully vested on April 4, 2025 upon a change in control.

Key Details

• Transaction date and terms: 2025-02-10 — 69,650 derivative shares granted at $0.00 (Form 4 reports acquisition).
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnotes: F1 — counts reflect a 7-for-1 forward stock split effective May 19, 2025. F2 — the options became fully vested on April 4, 2025 due to a change in control.
• Filing timeliness: Form 4 was filed on 2026-02-26 for a 2025-02-10 transaction (late filing). Late reporting reduces the timely usefulness of the disclosure for investors.

Context
This was a derivative award (options/award) rather than an open-market purchase or sale. Awards are commonly used for compensation and do not by themselves indicate the insider is buying or selling stock in the market. The F2 note says the options vested on April 4, 2025 after a change in control; the filing does not show any immediate sale or exercise proceeds. The F1 split note means the reported share count reflects the post-split amount.