Kazley Michael John 4
4 · Stablecoin Development Corp · Filed May 19, 2026
Research Summary
AI-generated summary of this filing
Stablecoin Development CEO Kazley M. John Buys 53.7M Pre-Funded Warrants
What Happened
Kazley Michael John, CEO of Stablecoin Development Corp (SDEV), acquired 53,679,974 pre-funded warrants on January 16, 2026 at $0.85 each, for a total purchase value of $45,627,978. The transaction is reported as a purchase (derivative) — the instruments are pre-funded warrants (not immediate common shares).
Key Details
- Transaction date and price: Jan 16, 2026 — 53,679,974 pre-funded warrants at $0.85 each; total $45,627,978.
- Security type: Pre-funded warrants (derivative), reported as a Purchase (code P).
- Exercisability: Tiered schedule — 20% exercisable 7/16/2026, 30% exercisable 10/16/2026, remaining 50% exercisable 1/16/2027. Warrants have no expiration date.
- Reverse split: All figures reflect a 1-for-5 reverse stock split effective Feb 20, 2026 (per footnote).
- Beneficial ownership note: The filing states the securities may be deemed beneficially owned by R01 LP, R01 Capital and R01 Capital Manager; the reporting person is the managing member of R01 Capital Manager (these entities disclaim beneficial ownership except to the extent of pecuniary interest).
- Filing timeliness: The Form 4 was filed on May 19, 2026 for a Jan 16, 2026 transaction — the filing appears late relative to the usual 2-business-day reporting requirement.
Context
Pre-funded warrants are derivatives that give the holder the right to receive common stock when exercised; these were purchased, not exercised. Purchases by insiders can be interpreted as a positive signal, but filings that involve affiliated investment entities (R01 entities) and a late filing are important context for retail investors. The filing does not state the reporting person’s total common shares owned after this transaction.
Insider Transaction Report
- Purchase
Pre-Funded Warrants (Right to Buy)
[F1][F2]2026-01-16$0.85/sh+53,679,974$45,627,978→ 53,679,974 total(indirect: By R01 Entities)Exercise: $0.05→ Common Stock (53,679,974 underlying)
Footnotes (2)
- [F1]On January 16, 2026, the Issuer issued and sold to R01 LP pre-funded warrants (the "Pre-Funded Warrants") to purchase an aggregate 53,679,974 shares of the Issuer's Common Stock. The purchase price was $0.85 per warrant. The Pre-Funded Warrants have no expiration date and are exercisable for shares of Common Stock on a tiered basis, with 20% of the Pre-Funded Warrants becoming exercisable on July 16, 2026, 30% of the Pre-Funded Warrants becoming exercisable on October 16, 2026 and the remaining 50% of the Pre-Funded Warrants becoming exercisable on January 16, 2027. All figures presented reflect the Issuer's 1-for-5 reverse stock split that became effective on February 20, 2026.
- [F2]The reported securities may also be deemed to be beneficially owned by R01 Fund LP ("R01 LP"), R01 Capital LLC ("R01 Capital") and R01 Capital Manager LLC ("R01 Capital Manager" and together with R01 LP, R01 Capital and the Reporting Person, the "R01 Entities"), each of which or whom disclaim beneficial ownership of these shares, except to the extent of its or his pecuniary interest in such shares, if any. R01 Capital is the general partner of R01 LP. R01 Capital Manager is the investment manager for R01 Capital. The Reporting Person is the managing member of R01 Capital Manager.