R01 Capital LLC 4/A

4/A · Stablecoin Development Corp · Filed Apr 30, 2026

AI-generated summary of this filing

Updated May 1, 2026

Stablecoin Development (SDEV) 10% Owner R01 Fund LP Acquires Shares

What Happened

R01 Fund LP, reported as a 10% owner of Stablecoin Development Corp (SDEV), recorded acquisitions of common stock through derivative conversions and adjustments to pre‑funded warrants. The filing shows:
- 10/21/2025 — Conversion of a derivative security into 11,361,216 shares at $0.00 (acquired).
- 10/16/2025 — Open market/private purchase (reported as a derivative event related to pre‑funded warrants) of 11,332,020 shares at $0.00 (acquired).
Both entries show $0.00 per-share cost (no cash paid in the reported transactions); these reflect conversions/exercises/adjustments rather than typical cash purchases.

Key Details

Transaction dates/prices: 10/16/2025 (11,332,020 sh, $0.00) and 10/21/2025 (11,361,216 sh, $0.00).
Shares reported after these events (post‑reverse‑split reporting): 11,361,216 (from the conversion) and 11,332,020 (from the pre‑funded warrant adjustments). These figures represent post‑reverse‑split counts as disclosed in the amendment.
Notable footnotes:
- Amendment updates reflect a 1-for-5 reverse stock split effective Feb 20, 2026 (original pre‑split amounts were larger).
- Anti‑dilution adjustments increased the number of shares issuable under the pre‑funded warrants; the pre‑funded warrants have no expiration and are exercisable at any time.
Filing status: This is an AMENDED Form 4 filed 2026-04-30 to update ownership/reporting after the reverse split and warrant adjustments; the reported transactions occurred in October 2025, so the amendment was filed months later.

Context

These entries are derivative conversions/adjustments (not typical open‑market buys) — effectively converting or recognizing shares issuable under prior instruments rather than paying cash for new shares.
R01 Fund LP is a 10% institutional owner, not an individual executive; such institutional filings describe ownership shifts and anti‑dilution mechanics rather than personal trading decisions.
The amendment clarifies post‑reverse‑split holdings; retail investors should note the form updates and timing when assessing insider/owner activity.

Form 4/AAmended

Period: 2025-10-16

10% Owner

Transactions

Conversion
Common Stock
[F1]
2025-10-21+11,361,216→ 11,361,216 total
Purchase
Pre-Funded Warrants (Right to Buy)
[F2][F3]
2025-10-16+11,332,020→ 11,332,020 total
Exercise: $0.01From: 2026-01-01→ Common Stock (11,332,020 underlying)

Footnotes (3)

[F1]This amendment updates the beneficial ownership of the Reporting Persons to reflect the Issuer's 1-for-5 reverse stock split (the "Reverse Stock Split") that became effective on February 20, 2026, pursuant to which the number of shares of Common Stock held by the Reporting Persons was adjusted from 56,806,080 to 11,361,216.
[F2]This amendment updates the beneficial ownership of the Reporting Persons to reflect anti-dilution adjustments under the pre-funded warrants issued by the Issuer to R01 Fund LP and other investors on October 16, 2025 (the "Pre-Funded Warrants"). As a result of dilutive issuances of the Issuer's Common Stock during the fourth quarter of 2025, the anti-dilution adjustments of the Pre-Funded Warrants increased the Reporting Person's aggregate number of shares of Common Stock issuable upon exercise of the Pre-Funded Warrants to 56,660,098 on a pre-Reverse Stock Split basis, which was adjusted to 11,332,020 on a post-Reverse Stock Split basis.
[F3]The Pre-Funded Warrants have no expiration date and are exercisable for shares of Common Stock at any time.

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