Business Context and Reporting Period
This Form 8-K was filed by DeFi Development Corp. on February 17, 2026. The report details the Board of Directors' approval of equity grants under the Company's 2023 Equity Incentive Plan to directors and executive officers. The grants were intended to align compensation with market practices, recognize fiscal year 2025 performance, and ensure retention.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. The document focuses exclusively on equity compensation arrangements.
Material Changes and Equity Grants
The Board approved the following grants on February 17, 2026:
Option Grants
| Participant | Position | Shares Subject to Option |
|---|---|---|
| Joseph Onorati | Director and Named Executive Officer | 828,236 |
| Parker White | Named Executive Officer | 524,410 |
| Daniel (DK) Kang | Named Executive Officer | 265,256 |
| Bruce Rosenbloom | Named Executive Officer | 9,600 |
Restricted Stock Unit (RSU) Grants
| Participant | Position | Number of RSUs |
|---|---|---|
| Fei (John) Han | Named Executive Officer | 374,922 |
| Zach Tai | Director | 5,000 |
| Thomas Perfumo | Director | 7,000 |
| Bill Caragol | Director | 2,000 |
Vesting Terms and Management Commentary
- Executive Officers: Options and RSUs vest monthly at a rate of 1/48th of the total grant. Full vesting occurs on the four-year anniversary of the grant date, contingent on continued employment.
- Independent Directors: RSUs vest monthly at a rate of 1/12th of the total grant. Full vesting occurs on the one-year anniversary of the grant date, contingent on continued service.
- Acceleration: All grants are subject to applicable acceleration provisions in the Plan or other agreements.
The filing does not contain forward-looking guidance, risk factors, or contingencies beyond the standard vesting conditions.
Investor Verification Checklist
- Verify the total number of shares authorized under the 2023 Equity Incentive Plan to assess remaining capacity for future grants.
- Review the specific acceleration provisions mentioned in the Plan to understand potential dilution scenarios in the event of a change in control.
- Confirm the fair value of the granted options and RSUs to estimate the associated non-cash compensation expense impact on future earnings.
- Check subsequent filings for any changes in the employment status of the named recipients, which would affect vesting.