DFDV · DeFi Development Corp.

Represents shares of Defi Development Corp. Common Stock withheld for payment of taxes due in connection with the vesting of restricted stock units.

Mr. Kang is the sole member and manager of Riveya Technology Fund LLC.

Represents shares of Defi Development Corp. Common Stock withheld for payment of taxes due in connection with the vesting of restricted stock units.

Represents shares of Defi Development Corp. Common Stock withheld for payment of taxes due in connection with the vesting of restricted stock units.

Represents shares of Defi Development Corp. Common Stock withheld for payment of taxes due in connection with the vesting of restricted stock units.

Represents shares of Defi Development Corp. Common Stock withheld for payment of taxes due in connection with the vesting of restricted stock units.

Represents a grant of restricted stock units ("RSUs"), of which one-fourth (1/4th) of the total number of shares subject to the RSUs shall vest quarterly following the grant date, such that 100% of the shares subject to the RSUs will be vested on the one (1) year anniversary of the grant date, subject to the reporting person's continued service through each applicable vesting date.

Represents shares of Defi Development Corp. Common Stock withheld for payment of taxes due in connection with the vesting of restricted stock units.

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

In connection with a separation agreement between the reporting person and the issuer, all shares subject to the reporting person's award of restricted stock granted by the issuer on April 9, 2025 became fully vested.

This option was granted as an adjustment to outstanding equity awards in connection with the warrant dividend distributed by DeFi Development Corp. to its holders of common stock on October 27, 2025.

This option is fully vested and exercisable on the date of grant.

The option was granted as an adjustment to outstanding equity awards in connection with the warrant dividend distributed by DeFi Development Corp. to its holders of common stock on October 27, 2025.

This option is fully vested and exercisable on the date of grant.

The option was granted as an adjustment to outstanding equity awards in connection with the warrant dividend distributed by DeFi Development Corp. to its holders of common stock on October 27, 2025.

This option is fully vested and exercisable on the date of grant.

This option was granted as an adjustment to outstanding equity awards in connection with the warrant dividend distributed by DeFi Development Corp. to its holders of common stock on October 27, 2025.

This option is fully vested and exercisable on the date of grant.

This option was granted as an adjustment to outstanding equity awards in connection with the warrant dividend distributed by DeFi Development Corp. to its holders of common stock on October 27, 2025.

This option is fully vested and exercisable on the date of grant.

This option was granted as an adjustment to outstanding equity awards in connection with the warrant dividend distributed by DeFi Development Corp. to its holders of common stock on October 27, 2025.

This option is fully vested and exercisable on the date of grant.

This option was granted as an adjustment to outstanding equity awards in connection with the warrant dividend distributed by DeFi Development Corp. to its holders of common stock on October 27, 2025.

This option is fully vested and exercisable on the date of grant.

This option was granted as an adjustment to outstanding equity awards in connection with the warrant dividend distributed by DeFi Development Corp. to its holders of common stock on October 27, 2025.

This option is fully vested and exercisable on the date of grant.

Represents shares of Defi Development Corp. Common Stock withheld for payment of taxes due in connection with the vesting of restricted stock units.

Represents a grant of restricted stock units ("RSUs"), of which one-twelfth (1/12th) of the total number of shares subject to the RSUs shall vest each month following the grant date, such that 100% of the shares subject to the RSUs will be vested on the one (1) year anniversary of the grant date, subject to the reporting person's continued service through each applicable vesting date.

The date shown is the first date exercisable. One-forty-eighth (1/48th) of the total number of shares subject to the Option shall vest on the same date of the month applicable to the first vesting date, 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.

The date shown is the first date exercisable. One-forty-eighth (1/48th) of the total number of shares subject to the Option shall vest on the same date of the month applicable to the first vesting date, 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.

Represents a grant of restricted stock units ("RSUs"), of which one forty-eighth (1/48th) of the total number of shares subject to the RSUs shall vest on the same date of each month following the grant date, such that 100% of the shares subject to the RSUs 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.

Represents a grant of restricted stock units ("RSUs"), of which one-twelfth (1/12th) of the total number of shares subject to the RSUs shall vest each month following the grant date, such that 100% of the shares subject to the RSUs will be vested on the one (1) year anniversary of the grant date, subject to the reporting person's continued service through each applicable vesting date.

Includes unvested RSUs for 21,875 shares (on a 7 for 1 forward stock split basis) granted to the reporting person on April 9, 2025, and initially reported in Table II of the reporting person's Form 4 filed with the Securities and Exchange Commission on April 11, 2025.

Represents a grant of restricted stock units ("RSUs"), of which one-twelfth (1/12th) of the total number of shares subject to the RSUs shall vest each month following the grant date, such that 100% of the shares subject to the RSUs will be vested on the one (1) year anniversary of the grant date, subject to the reporting person's continued service through each applicable vesting date.

Includes unvested RSUs for 7,000 shares (on a 7 for 1 forward stock split basis) granted to the reporting person on April 4, 2025, and initially reported in Table II of the reporting person's Form 3 filed with the Securities and Exchange Commission on April 30, 2025.

The date shown is the first date exercisable. One-forty-eighth (1/48th) of the total number of shares subject to the Option shall vest on the same date of the month applicable to the first vesting date, 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.

Represents a grant of restricted stock units ("RSUs"), of which one-fourth (1/4th) of the total number of shares subject to the RSUs shall vest quarterly following the grant date, such that 100% of the shares subject to the RSUs will be vested on the one (1) year anniversary of the grant date, subject to the reporting person's continued service through each applicable vesting date.

The date shown is the first date exercisable. One forty-eighth (1/48th) of the total number of shares subject to the Option shall vest on the first date shown and on the same day of each month following the first vesting date, 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.

The date shown is the first date exercisable. One forty-eighth (1/48th) of the total number of shares subject to the Option shall vest on the first date shown and on the same day of each month following the first vesting date, 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.

The date shown is the first date exercisable. One forty-eighth (1/48th) of the total number of shares subject to the Option shall vest on the first date shown and on the same day of each month following the first vesting date, 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.

The date shown is the first date exercisable. One forty-eighth (1/48th) of the total number of shares subject to the Option shall vest on the first date shown and on the same day of each month following the first vesting date, 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.

On December 2, 2025, Mr. Onorati donated an indirectly owned warrant to purchase 221,613 shares of common stock to a charitable organization.

Mr. Onorati is the control person as director and president of 3277447 Nova Scotia Ltd and may be deemed to control 3277447 Nova Scotia Ltd.

Represents a pro rata distribution from Defi Dev LLC of which the reporting person serves as manager.

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

Represents a pro rata distribution from Defi Dev LLC to its Class A members.

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

Defi Dev LLC is a manager-managed limited liability company, with Parker White serving as manager.

Represents a pro rata distribution from Defi Dev LLC of which the reporting person serves as manager.

Represents the transfer of beneficial ownership in warrants to purchase common stock held by SolSync Solutions Partnership, an Alaska general partnership, through transfer of partnership units to Defi International Holding LLC, of which Joseph Onorati is manager, in connection with repayment of a loan.

Parker White and Joseph Onorati are partners of SolSync Solutions Partnership, an Alaska general partnership. Parker White is the general partner and maintains voting and dispositive control over the reported shares.

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

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

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.

Represents a pro rata distribution by Defi Dev LLC to its Class A members.

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

Represents the transfer of beneficial ownership in shares held by SolSync Solutions Partnership, an Alaska general partnership, through transfer of partnership units to Defi International Holding LLC, of which Joseph Onorati is manager, in connection with repayment of a loan.

Parker White and Joseph Onorati are partners of SolSync Solutions Partnership, an Alaska general partnership. Parker White is the general partner and maintains voting and dispositive control over the reported shares.

Represents the transfer of beneficial ownership in warrants to purchase common stock held by SolSync Solutions Partnership, an Alaska general partnership, through transfer of partnership units to Defi International Holding LLC, of which Joseph Onorati is manager, in connection with repayment of a loan.

Parker White and Joseph Onorati are partners of SolSync Solutions Partnership, an Alaska general partnership. Parker White is the general partner and maintains voting and dispositive control over the reported shares.

Represents a pro rata distribution from Defi Dev LLC of which the reporting person serves as manager.

Defi Dev LLC is a manager-managed limited liability company, with Parker White serving as manager.