R01 Capital LLC 4/A

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.