DeFi Development Corp.
04/06/2026 | Press release | Distributed by Public on 04/06/2026 15:09
Management Change/Compensation (Form 8-K)
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On April 1, 2026, Blake Janover, Chief Commercial Officer and director of DeFi Development Corp. (the "Company"), and the Company agreed to a separation agreement (the "Separation Agreement") with respect to Mr. Janover's employment with the Company, effective as of March 31, 2026. Mr. Janover will remain as a director of the Company.
Pursuant to the Separation Agreement, Mr. Janover will be entitled to receive a lump sum cash payment of $692,500 in exchange for, among other things, a mutual release of claims and modification of the existing non-competition and non-solicitation covenants in Mr. Janover's employment agreement. In addition, the Company agreed to accelerate the vesting of all 70,000 of Mr. Janover's outstanding unvested restricted stock units granted under the Company's 2023 Equity Incentive Plan (less any withholdings by the Company to satisfy tax withholding obligations).
The foregoing description of the Separation Agreement does not purport to be complete and is qualified in its entirety by reference to the complete text of the agreement, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by reference.
Item 8.01 Other Events.
On March 31, 2026, the Board of Directors of the Company approved the wind down of the legacy Janover Capital Markets and Janover Insurance businesses.
DeFi Development Corp. published this content on April 06, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on April 06, 2026 at 21:09 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]