Kazley Michael John 4

What Happened

• Kazley Michael John, CEO of Stablecoin Development Corp (SDEV), was granted a total of 19,564,431 restricted stock units (RSUs) on March 31, 2026. The awards consist of 4,118,828 time-based RSUs and 15,445,603 performance-based RSUs (7,722,802 tied to share price/VWAP hurdles and 7,722,801 tied to digital-asset net asset value hurdles). The reported grant price is $0.00 per RSU; these are derivative awards (future shares if/when RSUs vest), so no immediate cash transaction or open-market purchase/sale occurred.

Key Details

• Transaction date: 2026-03-31; Form 4 filed 2026-04-02 (appears timely).
• Awards: 4,118,828 Time-Based RSUs (vest 100% on Feb 16, 2027, subject to continued employment).
• Performance awards: 7,722,802 VWAP RSUs and 7,722,801 NAV-based RSUs (15,445,603 total). These are earned only if specified performance hurdles are met over a five-year performance period; if earned, they vest in quarterly installments over two years following achievement, subject to a 13-month cliff from Jan 16, 2026, and continued employment.
• Price/value: $0.00 per RSU at grant (no immediate cash value realized).
• Shares owned after transaction: not specified in the provided filing excerpt.
• Transaction code: A = Award/Grant; these are derivative securities (RSUs).

Context

• RSUs are promises to deliver company shares in the future if vesting conditions are met; they do not indicate an immediate purchase or sale and are common executive compensation. Performance-based RSUs depend on long-term targets (VWAP and digital-asset NAV) and may never convert to shares if hurdles aren’t achieved. This filing reports grants rather than trading activity, so it’s informational about compensation rather than a direct insider bet on the stock.