Stablecoin Development (SDEV) Director Zheng Yenyou Receives Award

What Happened
Zheng Yenyou, a director of Stablecoin Development Corp (SDEV), was granted 140,000 restricted stock units (RSUs) on 2026-03-31. The RSUs are recorded with an acquisition price of $0 (derivative award); they represent a contingent right to receive common shares if and when they vest.

Key Details

• Transaction date: 2026-03-31 (Form 4 filed 2026-04-09). The April 9 filing appears later than the standard two-business-day Form 4 deadline.
• Transaction type/code: Award/Grant (A) — restricted stock units (derivative).
• Amount: 140,000 RSUs granted; acquisition price reported as $0 (no cash paid).
• Shares owned after transaction: Not disclosed in this filing.
• Footnote: F1 — Each RSU converts to one share upon vesting. Vesting occurs in three equal installments: 1/3 on 2027-02-16, 1/3 on 2028-01-16, and 1/3 on 2029-01-16.
• Exhibit: Exhibit 24 (Power of Attorney) included in filing.

Context
RSUs are a form of compensation that give the holder a contingent right to receive company shares in the future; they are not an immediate purchase or sale of stock. Because vesting is spread over multiple future dates, these awards typically tie the insider’s eventual economic interest to future company performance and continued service. The filing shows the grant but not the market value at grant or the insider’s total post-grant holdings.