Fei Han - 27 Oct 2025 Form 4 Insider Report for DeFi Development Corp. (DFDV)

Reporting relationship: Chief Financial Officer
Issuer ticker: DFDV
Reported as of: 27 Oct 2025
Net transaction value: $0
SEC form: 4
Accepted by SEC: 25 Nov 2025, 21:13:39 UTC
Prior SEC filing: 23 Apr 2025
Next SEC filing: 19 Dec 2025
Source filing: View source filing
Reporting owner signature: /s/ Fei Han

Key filing fact

Fei Han filed Form 4 for DeFi Development Corp. (DFDV) on 25 Nov 2025.

Key facts

This page summarizes Fei Han's Form 4 filing for DeFi Development Corp. (DFDV).
3 reported transactions and 4 derivative rows are listed below.
Accepted by SEC: 25 Nov 2025, 21:13.

Change

Previous filing in this sequence was filed on 23 Apr 2025.
Current net transaction value: $0.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reporting Owners (1)

CIK 0002062017 Primary reporting owner

Han Fei

Relationship: Chief Financial Officer
Address: 6401 CONGRESS AVENUE, SUITE 250, BOCA RATON
Signature: /s/ Fei Han
Signature date: 25 Nov 2025

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

DFDV holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 468,517
Date: 27 Oct 2025
Ownership: By Defi Dev LLC
Footnotes: F1, F2

DFDV holding

Series A Preferred Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 1,000
Date: 27 Oct 2025
Ownership: By Defi Dev LLC
Footnotes: F2

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

DFDV transaction Derivative

Warrant (Right to buy)

Other

Transaction value: $0
Shares: +46,852
Change %
Price: $0.000000
Shares after: 46,852
Date: 21 Nov 2025
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 46,852
Exercise price: $22.50
Footnotes: F3

DFDV transaction Derivative

Warrant (Right to buy)

Other

Transaction value: $0
Shares: +46,852
Change %
Price: $0.000000
Shares after: 46,852
Date: 27 Oct 2025
Ownership: By Defi Dev LLC
Underlying class: Common Stock
Underlying amount: 46,852
Exercise price: $22.50
Footnotes: F2, F4

DFDV transaction Derivative

Warrant (Right to buy)

Other

Transaction value: $0
Shares: -46,852
Change %: -100%
Price: $0.000000
Shares after: 0
Date: 21 Nov 2025
Ownership: By Defi Dev LLC
Underlying class: Common Stock
Underlying amount: 46,852
Exercise price: $22.50
Footnotes: F2, F3

DFDV holding Derivative

Stock Option (Right to buy)

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 180,985
Date: 27 Oct 2025
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 180,985
Exercise price: $3.91
Footnotes: F5

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 5 footnotes

Footnote F1

Reflects a 7-for-1 forward stock split effective on May 21, 2025.

Footnote F2

Mr. Han is a member of Defi Dev LLC, a manager-managed limited liability company. The securities herein are voted on by Parker White serving as manager of Defi Dev LLC.

Footnote F3

Represents a pro rata distribution by Defi Dev LLC to its Class A members.

Footnote F4

On October 8, 2025, DFDV declared a warrant dividend of warrants to purchase common stock in the amount of 1 warrant for each 10 shares of common stock held by each shareholder of record on October 23, 2025. The warrants were distributed on or around October 27, 2025. As a result, the reporting person received 46,852 warrants to purchase DFDV common stock.

Footnote F5

The date shown is the first date exercisable. One-fourth (1/4th) of the total number of shares subject to the Option shall vest on the first anniversary of the grant date, and thereafter one-thirty-sixth (1/36th) shall vest on the same date of the month applicable to the first vesting date on each of the thirty-six (36) months that occur after the date shown, such that 100% of the shares subject to the Option will be vested on the four (4) year anniversary of the grant date, subject to the reporting person's continued service through each applicable vesting date.