Vault-13

DEFI DEVELOPMENT CORP DFDVW

*W EXP 01/21/202 · Equity WRT · CUSIP 47100L111

B2B fintech marketplace

24 institutional holders +4 vs Q1 2026
1,380,2601.4m shares reported held*
$273.4kreported value*
6 new 3 added 6 reduced 1 sold out net bought ≈ $122 (+449 shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once. Holder counts are more reliable. Implied quarter-end price ≈ $0.20. Options: 2 managers hold calls ($5.5k notional), 0 hold puts (—).

Trends to Q2 2026

Institutional holders

Managers reporting a position, each quarter

0102030Q4 25: 22Q1 26: 20Q2 26: 2424Q4 25Q1 26Q2 26
Numbers
QuarterHolders
Q4 202522
Q1 202620
Q2 202624

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
20020Q1 26: 6 bought or addedQ1 26: 13 cut or sold outQ1 26Q2 26: 9 bought or addedQ2 26: 7 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q1 2026613
Q2 202697

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$20k$40k$60k$80kQ3 25 calls: $0Q3 25 puts: $0Q3 25P/C —Q4 25 calls: $74.6kQ4 25 puts: $17.7kQ4 25P/C 0.24Q1 26 calls: $11.0kQ1 26 puts: $0Q1 26P/C 0.00Q2 26 calls: $5.5kQ2 26 puts: $0Q2 26P/C 0.00
Numbers
QuarterCallsPutsP/C
Q3 2025$0$0—
Q4 2025$74.6k$17.7k0.24
Q1 2026$11.0k$00.00
Q2 2026$5.5k$00.00

Biggest buyers

ParaFi Capital LP New +21,634+21.6k
IMC-Chicago, LLC New +18,241+18.2k
GROUP ONE TRADING LLC Added +11,130+11.1k
JANE STREET GROUP, LLC Added +4,745+4.7k
Altshuler Shaham Ltd New +1,347+1.3k
WOLVERINE ASSET MANAGEMENT LLC New +1,018+1.0k
Integrated Wealth Concepts LLC New +210+210
Arax Advisory Partners New +102+102
Pantera Capital Partners LP Added +1+1

Biggest sellers

NOMURA HOLDINGS INC Reduced -47,166-47.2k
Weiss Asset Management LP Reduced -6,626-6.6k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced -3,170-3.2k
UBS Group AG Reduced -606-606
MORGAN STANLEY Reduced -369-369
WELLS FARGO & COMPANY/MN Reduced -29-29
ROYAL BANK OF CANADA Sold out -13-13

Biggest calls

MILLENNIUM MANAGEMENT LLC Added $5.4k19.9k shares
CITIGROUP INC Unchanged $117460 shares

Biggest puts

None

Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.

Insider purchases and sales since 1 Apr 2026

Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.

Officers and directors buying vs selling

Number of people, by quarter (10% owners not included)

BuyingSelling
202Q4 24: 0 buyingQ4 24: 0 sellingQ1 25: 0 buyingQ1 25: 0 sellingQ1 25Q2 25: 0 buyingQ2 25: 1 sellingQ3 25: 0 buyingQ3 25: 0 sellingQ3 25Q4 25: 2 buyingQ4 25: 0 sellingQ1 26: 0 buyingQ1 26: 0 sellingQ1 26Q2 26: 0 buyingQ2 26: 0 sellingQ3 26: 1 buyingQ3 26: 0 sellingQ3 26
Numbers
QuarterBuyingBoughtSellingSoldSold under a plan
Q4 20240—0——
Q1 20250—0——
Q2 20250—1$4.0m—
Q3 20250—0——
Q4 20252$200.7k0——
Q1 20260—0——
Q2 20260—0——
Q3 20261$172.7k0——
DateInsiderTradeSharesPrice ValueTheir holding
2026-09-25 White Parker 10% owner · Variable Rate Series C Perpetual Preferred Stock Bought 538 $8.90 $4.8k538 shares +6%
2026-09-24 White Parker 10% owner · Variable Rate Series C Perpetual Preferred Stock Bought 9,462 $8.96 $84.8k9.5k shares new
2026-09-22 Kang Daniel Chief Strategy Officer · Variable Rate Series C Perpetual Preferred Stock Bought 6,900 $8.84 $61.0k6.9k shares new
2026-09-22 Kang Daniel Chief Strategy Officer · Variable Rate Series C Perpetual Preferred Stock Bought 3,540 $8.81 $31.2k3.5k shares new
2026-08-21 White Parker 10% owner Bought 10,069 $3.91 $39.3k10.1k shares +4%
2026-08-20 Kang Daniel Chief Strategy Officer Bought 11,000 $3.88 $42.7k11.0k shares +153%
2026-08-14 Kang Daniel Chief Strategy Officer · By Riveya Technology Fund LLC Bought 13,000 $2.91 $37.8k13.0k shares new

Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).

Holders, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Arrington Capital Management, LLC 0.00% of their portfolio MIAMI, FL 534,400534.4k $0 $0 0.00% Unchanged
2 NOMURA HOLDINGS INC 0.00% of their portfolio TOKYO, M0 383,364383.4k $97.8k $97.8k 0.00% Reduced -47.2k -47,166
3 Pantera Capital Partners LP 0.06% of their portfolio SAN FRANCISCO, CA 210,248210.2k $56.8k $56.8k 0.06% Added +1 +1
4 Weiss Asset Management LP 0.00% of their portfolio BOSTON, MA 53,37253.4k $13.6k $13.6k 0.00% Reduced -6.6k -6,626
5 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 47,05447.1k $12.7k $12.7k 0.00% Unchanged
6 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 39,20339.2k $10.0k $10.0k 0.00% Reduced -3.2k -3,170
7 GROUP ONE TRADING LLC 0.00% of their portfolio CHICAGO, IL 35,90635.9k $9.7k $9.7k 0.00% Added +11.1k +11,130
8 ParaFi Capital LP 0.00% of their portfolio NEW YORK, NY 21,63421.6k $5.8k $5.8k 0.00% New
9 IMC-Chicago, LLC 0.00% of their portfolio CHICAGO, IL 18,24118.2k $53.6k $53.6k 0.00% New
10 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 15,65515.7k $4.2k $4.2k 0.00% Added +4.7k +4,745
11 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 14,48614.5k $3.5k $3.5k 0.00% Unchanged
12 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 11,65611.7k $3.1k $3.1k 0.00% Reduced -369 -369
13 UBS Group AG 0.00% of their portfolio ZURICH, V8 6,5586.6k $1.8k $1.8k 0.00% Reduced -606 -606
14 Altshuler Shaham Ltd 0.00% of their portfolio Tel Aviv, L3 1,3471.3k $364 $364 0.00% New
15 WOLVERINE ASSET MANAGEMENT LLC 0.00% of their portfolio CHICAGO, IL 1,0181.0k $275 $275 0.00% New
16 Integrated Wealth Concepts LLC 0.00% of their portfolio WALTHAM, MA 210210 $57 $57 0.00% New
17 Farther Finance Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 202202 $55 $55 0.00% Unchanged
18 Arax Advisory Partners 0.00% of their portfolio NEW YORK, NY 102102 $28 $28 0.00% New
19 Purpose Unlimited Inc. 0.00% of their portfolio TORONTO, A6 5555 $15 $15 0.00% Unchanged
20 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 1414 $4 $4 0.00% Unchanged
21 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 1111 $3 $3 0.00% Reduced -29 -29
22 Vanguard Global Advisers, LLC 0.00% of their portfolio MALVERN, PA 66 $2 $2 0.00% Unchanged
23 DANSKE BANK A/S 0.00% of their portfolio COPENHAGEN V, G7 22 $1 $1 0.00% Unchanged
24 HOLLENCREST CAPITAL MANAGEMENT 0.00% of their portfolio NEWPORT BEACH, CA 22 $1 $1 0.00% Unchanged