DeFi Development Corp. Ownership and Stock Option Details

The SEC filing by DeFi Development Corp. (DFDV) details the ownership and stock options of Daniel Kang, the Chief Strategy Officer. Kang owns 49,898.17 shares of common stock through Defi Dev LLC, a manager-managed limited liability company. Additionally, Kang holds a stock option for 122,500 shares of common stock, exercisable at $3.91 per share. The stock option vests over four years, with one-fourth vesting on the first anniversary of the grant date and the remaining shares vesting monthly over the subsequent 36 months. The filing also includes a Power of Attorney and is signed by Bruce S. Rosenbloom, Attorney-in-Fact.