DeFi Development (DFDV) CFO Han Fei Sells 2,803 Shares

What Happened

• Han Fei, Chief Financial Officer of DeFi Development Corp., had 2,803 shares of common stock withheld to satisfy tax withholding obligations related to the vesting of restricted stock units. The shares were valued at $3.16 each, for a total of $8,857. This was a withholding disposition (tax payment), not an open-market sale.

Key Details

• Transaction date and price: 2026-08-17 — 2,803 shares at $3.16 each.
• Total value: approximately $8,857 (shares withheld to cover taxes).
• Shares owned after transaction: not disclosed in the provided filing details.
• Footnotes:
  • F1: Shares withheld for payment of taxes due in connection with RSU vesting.
  • F2: Mr. Han is a member of Defi Dev LLC; securities are voted by Parker White as manager of Defi Dev LLC.
• Filing timeliness: Form filed 2026-08-18 for the 2026-08-17 transaction — appears to be timely.

Context

• Withholding of shares for taxes is a routine corporate action when restricted stock units vest; it is effectively a cashless tax payment rather than a market sale and typically does not signal a change in insider sentiment.
• Because the securities were withheld (not sold on the open market), this transaction reduces share count but does not reflect active selling by the insider.