DeFi Development expands board to seven directors, appoints Adam Townsend

Filed April 6, 2026 · Period ending April 4, 2026 · ~1 min read

Key Changes

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  Board of Directors expanded from six to seven members with the appointment of Adam Townsend on April 4, 2026. This is a routine board expansion with no departures or replacements of existing directors.

  Item 5.02 verify on EDGAR →
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  Townsend will receive standard director compensation: 28,170 restricted stock units vesting quarterly over one year, plus $7,000 quarterly cash retainer ($28,000 annually).

  Item 5.02 verify on EDGAR →
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  Company announced the board appointment via press release on April 6, 2026, filed as exhibit to this 8-K.

  Item 9.01 verify on EDGAR →