DeFi development CSO Daniel Kang buys $92,183 in preferred stock

DeFi Development Corp.'s Chief Strategy Officer, Daniel Kang, purchased $92,183 worth of Variable Rate Series C Perpetual Preferred Stock on September 22, 2026. The shares were bought at prices between $8.81 and $8.84 per share. This insider purchase occurred as the company's common stock experienced a 15.4% surge in the past week, currently trading at $5.77 with high volatility.

Mr. Kang directly acquired 6,900 shares of the preferred stock (NASDAQ:CHAD), while 3,540 additional shares were purchased indirectly through Riveya Technology Fund LLC, where he holds the sole managerial position. As a result, his beneficial ownership now includes 6,900 shares directly and 3,540 shares indirectly. Beyond his preferred stock holdings, Kang also owns 18,181 shares of common stock directly, 13,000 shares indirectly through Riveya Technology Fund LLC, and 46,852 shares indirectly through Defi Dev LLC.

Notably, Mr. Kang is a member of Defi Dev LLC, with Parker White as the manager who votes on behalf of the securities. Analysts from InvestingPro suggest that DFDV is currently undervalued. For further insights, readers can access 10 additional ProTips and a comprehensive Pro Research Report. Additionally, DeFi Development Corp. recently announced cash dividends for its preferred stock – $0.07944 per share for the period of September 8 to October 1, 2026, and $0.00516 per share daily for the period of October 1 to October 30, 2026, with an annual rate of 13.00%.

In other news, leadership of DisclaimerCoin was transferred to Daniel Reis-Faria, CEO of ZeroStack Holdings Inc., who will focus on the token's ecosystem development and community growth. Analysts at Cantor Fitzgerald recently lowered their price target for DeFi Development to $4.70 from $7.00, while maintaining an Overweight rating.