Form 4: CFO Han Fei Reports DFDV Stock Options, Warrants
Insider Ownership Report
DeFi Development Corp. CFO Han Fei filed a Form 4 detailing indirect beneficial ownership of common and preferred stock, along with significant stock option and warrant holdings.
Summary
- Han Fei, Chief Financial Officer of DeFi Development Corp. (DFDV), reported beneficial ownership of the company's securities.
- Mr. Han indirectly owns 468,517 shares of Common Stock and 1,000 shares of Series A Preferred Stock through Defi Dev LLC.
- He holds a stock option to buy 226,703 shares of Common Stock at an exercise price of $4.97, with the first exercisable date on January 17, 2026, vesting monthly over four years until December 17, 2035.
- Another stock option allows him to buy 180,985 shares of Common Stock at an exercise price of $3.91, with the first exercisable date on April 9, 2026, vesting annually for the first year and then monthly over 36 months, expiring on April 9, 2035.
- Mr. Han also holds a warrant to buy 46,852 shares of Common Stock at an exercise price of $22.50, expiring on January 21, 2028.
Sentiment
Score: 5
Explanation: The filing is a standard compliance report detailing insider beneficial ownership and derivative holdings, providing no direct positive or negative operational or financial news.
Positives
- The grant of stock options to the CFO aligns management's long-term interests with shareholder value creation through performance-based vesting schedules.
Related Party Transactions
- Mr. Han's indirect beneficial ownership of Common Stock and Series A Preferred Stock is through Defi Dev LLC, a manager-managed limited liability company where he is a member. Parker White, serving as manager of Defi Dev LLC, votes on these securities.
Stakeholder Impact
- Shareholders gain transparency regarding the beneficial ownership and derivative holdings of a key executive, which can inform their understanding of management's vested interests in the company's performance.
Key Dates
| Date | Description |
|---|---|
| 11/16/2025 | Transaction date for warrant to buy 46,852 shares of Common Stock. |
| 12/17/2025 | Transaction date for stock option to buy 226,703 shares of Common Stock. |
| 12/19/2025 | Date of filing of the Statement of Changes in Beneficial Ownership. |
| 01/17/2026 | First exercisable date for the stock option to buy 226,703 shares, with monthly vesting over four years. |
| 04/09/2026 | First exercisable date for the stock option to buy 180,985 shares, with annual and then monthly vesting over four years. |
| 01/21/2028 | Expiration date for the warrant to buy 46,852 shares of Common Stock. |
| 04/09/2035 | Expiration date for the stock option to buy 180,985 shares of Common Stock. |
| 12/17/2035 | Expiration date for the stock option to buy 226,703 shares of Common Stock. |
Keywords
DeFi Development Corp, DFDV, Form 4, Insider Ownership, Stock Options, Warrants, Beneficial Ownership, CFO
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