Recent Updates — CHAD

Adam Townsend and Thomas Perfumo resigned from the Board of Directors effective October 21, 2026. The company stated the departures were not due to disagreements regarding operations or policies. DeFi Development Corp operates in the blockchain and digital asset sector.

DeFi Development Corp. increased the annual dividend rate on its Variable Rate Series C Perpetual Preferred Stock (CHAD) from 13.00% to 14.00%, effective November 2, 2026. The new rate represents an annualized payout of $1.40 per share based on CHAD's $10.00 stated amount. Additionally, the company reported that its treasury holdings of Solana (SOL) and SOL equivalents grew by approximately 3,983 units during the week ending October 16, bringing total holdings to roughly 2,590,266 SOL. The accumulation occurs ahead of Solana's Alpenglow protocol upgrade scheduled for October 21, 2026. DeFi Development Corp. operates a treasury strategy focused on accumulating and compounding Solana while providing investors with economic exposure to the asset through its preferred stock and common equity.

DeFi Development Corp. increased the annual dividend rate on its Variable Rate Series C Perpetual Preferred Stock (CHAD) from 13.00% to 14.00%, effective for periods commencing November 1, 2026. The board declared daily cash dividends of $0.00614 per share for each business day in November 2026, totaling approximately $184,469 for the month. This adjustment raises the annualized dividend income to $1.40 per share based on CHAD's $10.00 stated amount. DeFi Development Corp. operates a treasury strategy focused on accumulating and compounding Solana (SOL) while providing software-as-a-service solutions to the commercial real estate industry.

DeFi Development Corp. announced it added approximately 101,381 SOL to its treasury between September 14 and 18, 2026, bringing total holdings to 2,490,304 SOL and equivalents, a 4% increase. The company also reported the closing of R.F. Lafferty & Co.'s over-allotment option for its Variable Rate Series C Perpetual Preferred Stock (CHAD), generating $1.65 million in gross proceeds from 206,250 additional shares. DeFi Development Corp. operates as a publicly traded company with a treasury strategy focused on accumulating and compounding Solana assets while providing investors with economic exposure to the cryptocurrency ecosystem.