Form 4: DFDV CEO Onorati Reports Warrant Donation, Holdings

DeFi Development Corp. CEO Joseph Mario Onorati reported a donation of indirectly owned warrants to a charitable organization and detailed his beneficial ownership of common stock, preferred stock, and stock options.

Summary

• Joseph Mario Onorati, CEO & Chairman, Director, and 10% Owner of DeFi Development Corp. (DFDV), filed a Form 4 detailing changes in beneficial ownership.
• On December 2, 2025, Mr. Onorati donated an indirectly owned warrant to purchase 221,613 shares of common stock to a charitable organization.
• He beneficially owns 2,216,137 shares of Common Stock indirectly through 3277447 Nova Scotia Ltd.
• He beneficially owns 4,500 shares of Series A Preferred Stock indirectly through 3277447 Nova Scotia Ltd.
• He beneficially owns 271,043 shares of Common Stock indirectly through SolSync Solutions Partnership.
• He directly owns stock options to purchase 301,980 shares of Common Stock, exercisable from April 9, 2026, with a vesting schedule over four years.
• He indirectly owns a warrant to purchase 27,104 shares of Common Stock through SolSync Solutions Partnership, exercisable from November 16, 2025, and expiring on January 21, 2028.

Sentiment

Score: 5

Explanation: The filing is a routine disclosure of an insider's beneficial ownership and a personal charitable donation of warrants. It does not contain information that directly impacts the company's operational or financial performance, thus maintaining a neutral sentiment.

Future Outlook

Stock options for 301,980 shares of Common Stock will vest over a four-year period, with one-fourth vesting on the first anniversary of the grant date (April 9, 2026), and one-thirty-sixth vesting monthly thereafter, contingent on continued service.

Industry Context

This Form 4 filing is a routine disclosure of an insider's beneficial ownership and a personal transaction. It does not provide information on broader industry trends or the company's competitive position within the DeFi sector.

Related Party Transactions

• Joseph Mario Onorati is the control person, director, and president of 3277447 Nova Scotia Ltd, through which he indirectly holds Common Stock and Series A Preferred Stock.
• Joseph Mario Onorati is a partner of SolSync Solutions Partnership, an Alaska general partnership, through which he indirectly holds Common Stock and warrants. Parker White, the general partner, maintains voting and dispositive control over these shares.

Stakeholder Impact

• Shareholders: The donation of warrants by the CEO is a personal transaction and does not directly impact the company's operations or financial health. It slightly reduces the CEO's potential future ownership stake.
• Employees: The vesting schedule for stock options is tied to the reporting person's continued service, which is a standard incentive mechanism.

Next Steps

• Continued vesting of stock options for Joseph Mario Onorati based on his continued service to the company.

Key Dates

Keywords

DeFi Development Corp, DFDV, Joseph Mario Onorati, Form 4, beneficial ownership, stock options, warrants, common stock, preferred stock, charitable donation