{"url_path":"/sec/dfdv/10-q/2026/item-2","section_key":"item-2","section_title":"Item 2 UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS","topic":"sec","document":{"doc_type":"10-Q","doc_date":"2026-05-19","source_url":"https://www.sec.gov/Archives/edgar/data/1805526/0001805526-26-000040-index.html","accession_number":"0001805526-26-000040","cik":"0001805526","ticker":"DFDV","issuer_name":"DeFi Development Corp.","edgar_url":"https://www.sec.gov/Archives/edgar/data/1805526/0001805526-26-000040-index.html","primary_entity_key":"0001805526","primary_entity_name":"DeFi Development Corp."},"word_count":343,"has_tables":true,"body_markdown":"ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS\n\nSTOCK REPURCHASE ACTIVITY\n\nThe table below summarizes the stock repurchase activity under our stock repurchase program during the three months ended March 31, 2026:\n\n(in thousands, except per share amounts)\nTotal Number of Shares Purchased(a)\n\nAverage Price Paid Per Share(b)\nTotal Number of Shares Purchased as Part of Publicly Announced Plans or ProgramsApproximate Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs\n\nBalance as of December 31, 20252,049 $5.62 2,049 $88,474 \n\nJanuary 1, 2026 through January 31, 20261,503 6.68 1,503 78,443 \n\nFebruary 1, 2026 through February 28, 202699 4.75 99 77,973 \n\nMarch 1, 2026 through March 31, 2026— — — — \n\nBalance as of March 31, 20263,651 $6.03 3,651 $77,973 \n\n(a) On November 16, 2023, our Board of Directors announced that they had authorized a stock repurchase program that provides for the repurchase of up to $1.0 million of our common stock, with no expiration from the date of authorization. In September 2025, our Board of Directors authorized an increase to the current stock repurchase program to provide for the repurchase of up to $100.0 million of our common stock. Under this authorization, an initial $10.0 million threshold has been established, and management must obtain Board approval before making any additional repurchases. Subsequently, on January 8, 2026, the Board of Directors increased the previously mentioned threshold by $15.0 million to $25.0 million. Share repurchases under our stock repurchase program may be made through open market transactions or pursuant to a Rule 10b5-1 trading plan, subject to market conditions. Repurchases will be funded from our working capital or other financing alternatives.\n\n(b) Average price paid per share for open market purchases includes broker commissions.\n\nEMPLOYEE EQUITY INCENTIVE PROGRAM SHARE WITHHOLDING\n\nWe withhold shares of our common stock associated with net share settlements to cover tax withholding obligations of awards under our employee equity incentive program. During the first quarter of 2026, we withheld approximately 3.2 thousand shares for a total value of $16.4 thousand, through net share settlements."}