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

Reporting relationship: Chief Strategy Officer
Issuer ticker: DFDV
Reported as of: 27 Oct 2025
Net transaction value: +$28,980
SEC form: 4
Accepted by SEC: 25 Nov 2025, 21:13:40 UTC
Prior SEC filing: 23 Sep 2025
Next SEC filing: 19 Dec 2025
Source filing: View source filing
Reporting owner signature: /s/ Bruce S. Rosenbloom, Attorney-in-Fact

Key filing fact

Daniel Kang filed Form 4 for DeFi Development Corp. (DFDV) on 25 Nov 2025.

Key facts

This page summarizes Daniel Kang's Form 4 filing for DeFi Development Corp. (DFDV).
6 reported transactions and 5 derivative rows are listed below.
Accepted by SEC: 25 Nov 2025, 21:13.

Change

Previous filing in this sequence was filed on 23 Sep 2025.
Current net transaction value: +$28,980.

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 0002087925 Primary reporting owner

Kang Daniel

Relationship: Chief Strategy Officer
Address: C/O DEFI DEVELOPMENT CORP., 6401 CONGRESS AVENUE, SUITE 250, BOCA RATON
Signature: /s/ Bruce S. Rosenbloom, Attorney-in-Fact
Signature date: 25 Nov 2025

Reported non-derivative transactions

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

DFDV transaction

Common Stock

Other

Transaction value: $0
Shares: +2,981
Change %
Price: $0.000000
Shares after: 2,981
Date: 21 Nov 2025
Ownership: Direct
Footnotes: F1

DFDV transaction

Common Stock

Purchase

Transaction value: $28,980
Shares: +4,200
Change %: +141%
Price: $6.90
Shares after: 7,181
Date: 25 Nov 2025
Ownership: Direct

DFDV transaction

Common Stock

Other

Transaction value: $0
Shares: -2,981
Change %: -6%
Price: $0.000000
Shares after: 46,852
Date: 21 Nov 2025
Ownership: By Defi Dev LLC
Footnotes: F1, F2, F3

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: +4,983
Change %
Price: $0.000000
Shares after: 4,983
Date: 21 Nov 2025
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 4,983
Exercise price: $22.50
Footnotes: F1

DFDV transaction Derivative

Warrant (Right to buy)

Other

Transaction value: $0
Shares: +4,983
Change %
Price: $0.000000
Shares after: 4,983
Date: 27 Oct 2025
Ownership: By Defi Dev LLC
Underlying class: Common Stock
Underlying amount: 4,983
Exercise price: $22.50
Footnotes: F3, F4

DFDV transaction Derivative

Warrant (Right to buy)

Other

Transaction value: $0
Shares: -4,983
Change %: -100%
Price: $0.000000
Shares after: 0
Date: 21 Nov 2025
Ownership: By Defi Dev LLC
Underlying class: Common Stock
Underlying amount: 4,983
Exercise price: $22.50
Footnotes: F1, F3

DFDV holding Derivative

Stock Option (Right to buy)

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 122,500
Date: 27 Oct 2025
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 122,500
Exercise price: $3.91
Footnotes: F5, F6

DFDV holding Derivative

Stock Option (Right to buy)

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 57,500
Date: 27 Oct 2025
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 57,500
Exercise price: $16.93
Footnotes: F6

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

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 6 footnotes

Footnote F1

Represents a pro rata distribution from Defi Dev LLC of which the reporting person is a member.

Footnote F2

The amount shown reflects a correction of 67.17 shares of common stock inadvertently over reported on the reporting person's Form 3 filed on September 23, 2025.

Footnote F3

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

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 4,983 warrants to purchase DFDV common stock.

Footnote F5

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

Footnote F6

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.