Perfumo Thomas J. 4

What Happened

• Thomas J. Perfumo, a director of DeFi Development Corp. (DFDV), was granted 700 derivative shares/options on 2026-03-31. The grant is reported as 700 shares acquired at $0.00 (derivative award) — no cash was paid for the award.
• This award was granted as an adjustment to outstanding equity awards related to a warrant dividend distributed by the company on October 27, 2025. The option award is fully vested and immediately exercisable on the grant date.

Key Details

• Transaction date: 2026-03-31; Filing date: 2026-04-02.
• Transaction reported as: Grant / award / other acquisition (code A) — 700 derivative shares at $0.00.
• Shares owned after transaction: Not disclosed in the filing excerpt provided.
• Footnotes: F1 — award granted as adjustment tied to the Oct 27, 2025 warrant dividend; F2 — award is fully vested and exercisable on grant.
• No late-filing flag is indicated in the information provided (filing covers the 2026-03-31 transaction and was submitted on 2026-04-02).

Context

• This was a derivative award (an option/award adjustment), not an open-market purchase or sale. Because it was fully vested on grant, Perfumo can exercise the options immediately, but the filing does not state an exercise price or whether he has exercised or sold any shares.
• Grants made as adjustments for corporate actions (like warrant dividends) are often administrative and do not necessarily reflect a director’s buying or selling sentiment.