DEFI DEVELOPMENT CORP. - Form 8-K Filing

DEFI DEVELOPMENT CORP. (the "Company") reported a significant event on March 31, 2026, concerning the departure of Blake Janover, Chief Commercial Officer and director. The separation agreement, effective March 31, 2026, includes a lump sum payment of $692,500 to Mr. Janover in exchange for a mutual release of claims and modification of non-competition and non-solicitation covenants. Additionally, the Company agreed to accelerate the vesting of all 70,000 of Mr. Janover's unvested restricted stock units. Mr. Janover will remain as a director. The company also announced the approval by the Board of Directors to wind down the legacy Janover Capital Markets and Janover Insurance businesses.