Companies DeFi Development Corp.
DeFi Development (DFDV): executive pay, fiscal 2025
Free brief. Every figure links to the company’s own filing.
Velarion Intel: free for 3 days, no card →Email me DeFi Development Corp.’s executive pay brief as a PDF
You get it on this page the moment you ask, and a copy by email. Every figure is cited to its filing.
After the PDF, up to three short notes on the deeper reports for this company. Reply “unsubscribe” to any of them, any time.
CEO pay, last three years
- $1,477,354FY2025
CEO total pay was $1,477,354 in fiscal 2025; the brief holds no earlier figure for this CEO.
FY2025: salary $439,596 · bonus $0 · stock awards $0 · option awards $1,037,758
Executives and directors
Frequently asked questions
Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.
Full detail
Every table from the filing. Open any section.
Summary compensation table
| Named executive officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension / NQDC | All other | Total |
|---|---|---|---|---|---|---|---|---|
| Bruce Rosenbloom | $310,000 | $0 | $1,225,700 | $86,476 | $0 | $0 | $642,608 | $2,264,784 |
| Former Chief Financial Officer (7) | ||||||||
| Joseph Onorati | 439,596 | 0 | 0 | 1,037,758 | 0 | 0 | 0 | 1,477,354 |
| Chief Executive Officer and President (Principal Executive Officer) | ||||||||
| Daniel Kang | 229,615 | 0 | 0 | 1,087,655 | 0 | 0 | 6,492 | 1,323,762 |
| Chief Strategy Officer | ||||||||
| Fei Han | 321,923 | 0 | 0 | 844,705 | 0 | 0 | 1,385 | 1,168,013 |
| Chief Financial Officer (Principal Financial Officer) | ||||||||
| Parker White | 320,995 | 0 | 0 | 660,259 | 0 | 0 | 0 | 981,254 |
| Former Chief Operating Officer and Chief Investment Officer | ||||||||
| Blake Janover | 475,000 | 0 | 273,700 | 0 | 0 | 0 | 19,069 | 767,769 |
| Former Chief Executive Officer and President and Chief Commercial Officer (6) | ||||||||
A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.
Three-year trend — total compensation per named executive
| Named executive officer | FY2025 total | FY2024 total | FY2023 total | Δ FY2024→2025 |
|---|---|---|---|---|
| Bruce Rosenbloom | $2,264,784 | $281,923 | $379,577 | ↑ +1,982,861 |
| Joseph Onorati | 1,477,354 | — | — | — |
| Daniel Kang | 1,323,762 | — | — | — |
| Fei Han | 1,168,013 | — | — | — |
| Parker White | 981,254 | — | — | — |
| Blake Janover | 767,769 | 498,654 | 552,058 | ↑ +269,115 |
Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.
Incentive-plan design — the Compensation Discussion & Analysis
Our equity -based incentive awards are designed to align our interests and those of our stockholders with those of our employees and consultants, including our executive officers.
| CEO STI target (% of salary) | 65% |
|---|---|
| CEO LTI target (% of salary) | — |
| Independent consultant | — |
| Clawback policy | true |
| Anti-hedging | — |
| Anti-pledging | — |
Equity grants and outstanding awards
Grants of plan-based awards — fiscal year 2025
| Executive | Award | Grant date | Threshold | Target | Granted | Maximum | Grant-date fair value |
|---|---|---|---|---|---|---|---|
| Bruce Rosenbloom | RSU | — | — | — | 196,875 | — | — |
| Bruce Rosenbloom | RSU | 2025-05-30 | — | — | 70,000 | — | — |
Vehicle mix — grant-date fair value by award type
Grant-level vehicle detail not disclosed.
% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.
Outstanding equity awards at fiscal year-end 2025
| Executive | Award | Shares unvested | Exercise price | Market value unvested |
|---|---|---|---|---|
| Bruce Rosenbloom | Option | 10,000 | 4.97 | — |
| Bruce Rosenbloom | Option | 35,000 | 3.91 | — |
| Daniel Kang | Option | 57,500 | 16.93 | — |
| Blake Janover | RSU | 70,000 | — | 353,500 |
| Bruce Rosenbloom | RSU | 70,000 | — | 353,500 |
| Daniel Kang | Option | 122,500 | 3.91 | — |
| Parker White | Option | 136,687 | 4.97 | — |
| Fei Han | Option | 180,985 | 3.91 | — |
| Daniel Kang | Option | 182,616 | 4.97 | — |
| Parker White | Option | 191,989 | 3.91 | — |
| Joseph Onorati | Option | 214,659 | 4.97 | — |
| Fei Han | Option | 226,703 | 4.97 | — |
| Joseph Onorati | Option | 301,980 | 3.91 | — |
Director compensation
| Director | Cash fees | Stock awards | Option awards | Non-equity incentive | All other | Total |
|---|---|---|---|---|---|---|
| Marco SantoriIndependent · Departed during FY · Partial-year service | $0 | $273,700 | $0 | $0 | $0 | $273,700 |
| William CaragolIndependent · Audit (Chair) · Compensation · Nominating and Corporate Governance (Chair) | 68,000 | 85,531 | 30,946 | 0 | 0 | 184,477 |
| Thomas PerfumoIndependent · Departed during FY | 0 | 101,150 | 0 | 0 | 0 | 101,150 |
| Zachary TaiIndependent · Audit · Compensation (Chair) · Nominating and Corporate Governance | 24,000 | 63,270 | 0 | 0 | 0 | 87,270 |
| Marcelo LemosIndependent · Departed during FY | 23,000 | 0 | 24,633 | 0 | 0 | 47,633 |
| Ned SiegelIndependent · Departed during FY | 19,000 | 0 | 6,189 | 0 | 0 | 25,189 |
| Samuel HaskellIndependent · Departed during FY | 16,000 | 0 | 3,714 | 0 | 0 | 19,714 |
| Hadley SternIndependent · Audit · Compensation · Nominating and Corporate Governance · Partial-year service · Newly elected | 0 | 0 | 0 | 0 | 0 | — |
Board fee structure and ownership guideline
| Annual cash retainer | — |
|---|---|
| Annual equity retainer | — |
| Per board meeting fee | — |
| Committee chair fees (audit / comp / nom-gov) | — |
| Stock ownership guideline | — |
Total cost of the board
| Component | FY2025 |
|---|---|
| Cash retainers and fees | $150,000 |
| Equity awards (grant-date value) | $523,651 |
| All other compensation | $0 |
| Total cost of the board | $673,651 |
Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.
Peer group, and who names DeFi Development as a peer
Companies that benchmark against DFDV
1 company names DFDV as a compensation peer
- Sharplink, Inc.SBETFY2025
Each company listed discloses DFDV in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named DFDV in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.
Chief executive pay against the peer group
Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company’s own proxy statement.
| Rank | Company | FY | Chief executive | Salary | Stock awards | Option awards | Non-equity incentive | Total |
|---|---|---|---|---|---|---|---|---|
| 1 | DeFi Development Corp. | 2025 | Joseph Onorati | $439,596 | $0 | $1,037,758 | $0 | $1,477,354 |
Each peer’s compensation is from its most recently filed proxy; fiscal years differ by company. Each peer’s figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.
Say-on-pay history and pay ratio
| Meeting year | Meeting date | For | Against | Abstain | Support | Outcome |
|---|---|---|---|---|---|---|
| 2025 | 2025-12-18 | — | — | — | — | — |
Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year’s compensation.
Say-on-pay — history, company’s computation
| Meeting year | Meeting date | Approval — company’s computation |
|---|---|---|
| 2025 | 2025-12-18 | —a |
a. Voting standard not stated in the filing.
Approval percentages are the company’s own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.
Insider trades since the proxy
No insider equity transactions reported since the proxy statement.
Sources (20 citations)
Each figure is listed with the filing it comes from, where it appears in that filing, and the value as printed. Any figure can be independently confirmed against the source.
- Section 01, Bruce Rosenbloom. DEF 14A, filed 2026-11-04. Section “Executive Compensation”. As printed: 2,264,784. View filing ↗
- Section 01, Joseph Onorati. DEF 14A, filed 2026-11-04. Section “Executive Compensation”. As printed: 1,477,354. View filing ↗
- Section 01, Daniel Kang. DEF 14A, filed 2026-11-04. Section “Executive Compensation”. As printed: 1,323,762. View filing ↗
- Section 01, Fei Han. DEF 14A, filed 2026-11-04. Section “Executive Compensation”. As printed: 1,168,013. View filing ↗
- Section 01, Parker White. DEF 14A, filed 2026-11-04. Section “Executive Compensation”. As printed: 981,254. View filing ↗
- Section 01, Blake Janover. DEF 14A, filed 2026-11-04. Section “Executive Compensation”. As printed: 767,769. View filing ↗
- Section 03, Bruce Rosenbloom RSU. DEF 14A, filed 2026-11-04. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 03, Bruce Rosenbloom RSU. DEF 14A, filed 2026-11-04. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 08, Marco Santori. DEF 14A, filed 2026-11-04. Section “Director Compensation”. As printed: 273,700. View filing ↗
- Section 08, William Caragol. DEF 14A, filed 2026-11-04. Section “Director Compensation”. As printed: 184,477. View filing ↗
- Section 08, Thomas Perfumo. DEF 14A, filed 2026-11-04. Section “Director Compensation”. As printed: 101,150. View filing ↗
- Section 08, Zachary Tai. DEF 14A, filed 2026-11-04. Section “Director Compensation”. As printed: 87,270. View filing ↗
- Section 08, Marcelo Lemos. DEF 14A, filed 2026-11-04. Section “Director Compensation”. As printed: 47,633. View filing ↗
- Section 08, Ned Siegel. DEF 14A, filed 2026-11-04. Section “Director Compensation”. As printed: 25,189. View filing ↗
- Section 08, Samuel Haskell. DEF 14A, filed 2026-11-04. Section “Director Compensation”. As printed: 19,714. View filing ↗
- Section 08, Hadley Stern. DEF 14A, filed 2026-11-04. Section “Director Compensation”. As printed: —. View filing ↗
- Section 06, 2025 vote. Form 8-K, filed 2025-12-23. Item 5.07 · say-on-pay result. As reported: —. View filing ↗
- Section 01 trend, Δ column (computed). Computed. Δ = current-FY total − prior-FY total per named officer.
- Section 09b board cost (computed). Computed. Cash 150,000 + equity 523,651 + all other 0 = 673,651, summed across the director compensation table rows.
- DeFi Development Corp. (subject), Section 10b CEO total. DEF 14A, filed 2026-11-04. CEO total compensation as printed in DeFi Development Corp.'s own proxy. As printed: 1,477,354. View filing ↗