Freiman Paul E. 4

What Happened

• Paul E. Freiman, a director of Stablecoin Development Corp (SDEV), received an award of 140,000 restricted stock units (RSUs) on 2026-03-31. The filing lists the transaction as an award (code A) with a reported price of $0.00. These RSUs are a derivative grant — no cash was exchanged at grant.

Key Details

• Transaction date: 2026-03-31 (Form 4 filed 2026-04-21, roughly three weeks later; this is later than the typical two-business-day Form 4 filing requirement).
• Award: 140,000 restricted stock units (RSUs) at $0.00 per unit.
• Vesting: RSUs vest in three equal one-third installments — 1st on Feb 16, 2027; 2nd on Jan 16, 2028; 3rd on Jan 16, 2029 (footnote F1).
• Shares owned after transaction: not disclosed in the filing.
• Filing exhibits/remarks: Exhibit 24 — Power of Attorney included.

Context

• RSUs are a contingent right to receive common shares upon vesting; they are not an immediate purchase and do not necessarily indicate a near-term sale. The economic value of the grant will depend on SDEV’s share price at the time(s) of vesting. The late filing may reduce the immediacy of disclosure for investors tracking insider activity.