Kazley Michael John 4

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.