Han Fei 4

What Happened Han Fei, Chief Financial Officer of DeFi Development Corp. (DFDV), had 2,803 shares of common stock withheld to satisfy tax withholding obligations in connection with the vesting of restricted stock units (RSUs). The shares were withheld at a per-share value of $3.09, resulting in a disposition value of approximately $8,661. This was a tax-withholding disposition (routine) rather than an open-market sale.

Key Details

• Transaction date: 2026-06-17
• Transaction type/code: Tax withholding for taxes due on RSU vesting (code F)
• Shares withheld/disposed: 2,803 shares at $3.09/share — total value ~$8,661
• Shares owned after transaction: Not stated in the materials provided
• Filing: Report filed on 2026-06-22 for the 2026-06-17 transaction (filed late relative to the 2-business-day Form 4 filing rule)
• Footnotes:
  • F1: Shares withheld represent common stock withheld to pay taxes on vested RSUs.
  • F2: Mr. Han is a member of Defi Dev LLC (manager-managed); securities are voted by Parker White as manager of Defi Dev LLC.

Context Tax-withholding dispositions are common when RSUs vest and typically reflect tax mechanics, not a deliberate sale for investment reasons. The late filing reduces short-term transparency but does not change the routine nature of a tax-withholding transaction.