DeFi Development (DFDV) CFO Han Fei Withholds 2,803 Shares for Taxes

What Happened Han Fei, CFO of DeFi Development Corp. (DFDV), had 2,803 shares of common stock withheld to satisfy tax withholding obligations related to the vesting of restricted stock units. The withheld shares were valued at $5.00 each, totaling $14,015. This was a tax-withholding disposition (transaction code F), not an open-market sale.

Key Details

• Transaction date: 2026-09-17; Form 4 filed: 2026-09-18 (timely filing).
• Shares withheld/disposed: 2,803 shares at $5.00 per share; total value $14,015.
• Transaction code: F — shares withheld to pay taxes due upon RSU vesting.
• Footnote F1: Confirms shares were withheld to pay taxes on vested restricted stock units.
• Footnote F2: Notes Mr. Han is a member of Defi Dev LLC; securities held via that entity are voted by Parker White as manager.
• Shares owned after the transaction: not specified in the provided excerpt of the filing.

Context Tax-withholding dispositions are routine when restricted stock units vest; shares are withheld (or sold) to cover the employee’s tax liability and do not necessarily indicate a decision to sell shares for investment reasons. This filing documents the tax withholding event rather than an active sell order on the market.