SCHEDULE: R01 Fund Updates Stake in Stablecoin Development Corp

R01 Fund LP and Michael Kazley filed an amendment to their Schedule 13D, reporting a change in beneficial ownership due to the vesting of pre-funded warrants.

Summary

• R01 Fund LP, R01 Capital LLC, and R01 Capital Manager LLC now beneficially own 33,429,230 shares of Stablecoin Development Corp.
• Michael Kazley reports a total beneficial ownership of 37,548,058 shares.
• The ownership update reflects the vesting of 10,735,994 shares from pre-funded warrants issued on January 16, 2026.
• The reported ownership percentages are 47.4% for the R01 entities and 50.3% for Michael Kazley, based on 27,115,646 outstanding shares as of May 17, 2026.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral administrative filing reflecting the expected progression of previously disclosed warrant vesting.

Positives

• Increased transparency regarding the vesting schedule of pre-funded warrants.
• Clear alignment of interests between the principal investor and the issuer.

Negatives

• High concentration of ownership (over 50%) by a single individual, which may limit liquidity or influence corporate decision-making.

Risks

• Concentration risk due to the significant percentage of shares held by a single reporting person.
• Potential for future dilution as additional pre-funded warrants vest.

Future Outlook

The filing does not provide specific forward-looking business guidance, focusing instead on the mechanics of warrant vesting and ownership reporting.

Industry Context

StockSavvy.ai notes that this filing reflects typical capital structure adjustments in the fintech and blockchain infrastructure space, where pre-funded warrants are frequently used to provide long-term capital while managing immediate dilution.

Comparison to Industry Standards

• The use of pre-funded warrants is a standard mechanism in venture-backed technology companies to bridge funding rounds.
• The ownership concentration levels are consistent with early-to-mid-stage companies where institutional investors maintain significant control.

Legal Proceedings

• None disclosed.

Related Party Transactions

• The filing notes that Framework Ventures IV L.P. and associated parties may be deemed to beneficially own shares held by the Reporting Persons.

Stakeholder Impact

• Shareholders should note the high concentration of ownership which may impact voting outcomes.
• Potential for future share dilution as remaining warrants vest.

Next Steps

• Continued monitoring of further warrant vesting events.
• Potential future filings if ownership thresholds change significantly.

Key Dates

Keywords

Stablecoin Development Corp, Schedule 13D, Beneficial Ownership, Pre-funded Warrants, R01 Fund LP, Michael Kazley