DeFi Development Corp. filed a Free Writing Prospectus on October 21, 2026, disclosing that Chief Financial Officer Fei (John) Han posted on his personal X account about the availability of the company's Variable Rate Series C Perpetual Preferred Stock, known as CHAD Stock, on the Robinhood platform.

Key Highlights

  • Filing type: Free Writing Prospectus filed pursuant to Rule 433 of the Securities Act of 1933, dated October 21, 2026, relating to a Prospectus Supplement dated September 11, 2026.
  • Source of posts: Fei (John) Han, Chief Financial Officer, made the disclosures on his personal X account (@SumBasis).
  • Security described: The posts relate to the company's Variable Rate Series C Perpetual Preferred Stock, referred to in the posts as "CHAD Stock," listed on Nasdaq.
  • Platform availability: According to the posts, CHAD Stock became available on the Robinhood platform as of October 21, 2026.
  • Stated dividend rate: The posts reference a 14% annual dividend rate effective from November 2, as described in a prior filing, with dividends paid every business day when declared.
  • Projected payment frequency: The posts state that in 2027, the structure would produce 251 payment days rather than the four quarterly payments that the CFO described as the historical norm for preferred stock.

CFO's X Posts Disclose CHAD Stock Availability and Dividend Structure

According to the filing, the Free Writing Prospectus reproduces two posts made by Fei (John) Han, CFO of DeFi Development Corp. (NASDAQ:DFDV), on his personal X account under the handle @SumBasis. The filing was submitted pursuant to Rule 433 of the Securities Act of 1933 and relates to the company's Registration No. 333-295142. The disclosure centers on CHAD Stock, the company's Variable Rate Series C Perpetual Preferred Stock, which is listed on Nasdaq.

In the first post, Han stated that CHAD Stock had become accessible through the Robinhood application and described the preferred stock as one that "pays a dividend every business day." He noted a 14% annual dividend rate beginning November 2, as described in a prior company filing, and observed that the structure would yield 251 payment days in 2027 compared with four quarterly payments. Han characterized the daily payment rhythm as aligned with how "money moves now," citing stablecoin settlement and Federal Reserve work on weekend dollar processing as context for the company's approach to preferred stock distribution. The second post provided a direct Robinhood listing link for the ticker $CHAD and reiterated that the security is Nasdaq-listed and pays each business day when declared.

The filing notes that a registration statement, including a base prospectus and the Prospectus Supplement dated September 11, 2026, has been filed with the SEC and that investors are directed to those documents for complete information about the company and the offering. The filing incorporates the images and text of both posts as Exhibit A.

What Was Disclosed

DeFi Development Corp. filed a Free Writing Prospectus reproducing two X posts by its CFO about the Robinhood listing of its CHAD preferred stock. The posts described the security's daily dividend payment structure and referenced a 14% annual dividend rate effective November 2.