DeFi Development Corp.
06/10/2026 | Press release | Distributed by Public on 06/10/2026 15:27
Management Change/Compensation (Form 8-K)
Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers; Compensatory Arrangements of Certain Officers.
On June 8, 2026, Parker White, Chief Operating Officer and Chief Investment Officer of DeFi Development Corp. (the "Company"), resigned from his positions with the Company and the Company agreed to a separation agreement (the "Separation Agreement") with respect to the termination of Mr. White's employment with the Company, effective as of June 8, 2026.
Pursuant to the Separation Agreement, Mr. White will be entitled to receive cash payments totaling $250,000 over the next twelve months in exchange for, among other things, a release of claims against the Company. In addition, the Company agreed to accelerate the vesting of 213,272 of Mr. White's outstanding unvested options granted under the Company's 2023 Equity Incentive Plan. The Company also intends to engage Mr. White for certain ongoing consulting services for consideration in the amount of $8,333 per month to provide consultation regarding transition of operations of certain validators owned by the Company and related matters.
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.
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