Han Fei 4

What Happened
Han Fei, Chief Financial Officer of DeFi Development Corp. (DFDV), had 2,862 shares of common stock withheld to satisfy tax withholding obligations related to the vesting of restricted stock units. The shares were valued at $4.78 each for a total of approximately $13,680. This disposition is recorded as tax withholding (code F) rather than an open‑market sale.

Key Details

• Transaction date: 2026-04-17; Form 4 filed 2026-04-21 (timely filed). Accession: 0001225208-26-004577.
• Price: $4.78 per share; total value ≈ $13,680.
• Transaction type: Tax withholding upon RSU vesting (F). This is a disposal for tax purposes, not an active sale.
• Shares owned after transaction: Not disclosed in the filing.
• Footnotes: F1 notes the shares were withheld to pay taxes on vested RSUs. F2 explains Mr. Han is a member of Defi Dev LLC and securities are voted by Parker White as the LLC’s manager.

Context
Tax withholding on vested restricted stock units is a routine administrative transaction and does not necessarily indicate a view on the company’s prospects. Purchases or open‑market sales by insiders typically carry more interpretive weight for investor sentiment.