Framework Ventures IV L.P. bought SDEV

January 16, 2026 · Form 4 insider transaction

Framework Ventures IV L.P. bought 50,109,253 shares of Stablecoin Development Corporat at $0.85 per share, a transaction worth $42.59M. The trade was recorded as open-market purchase and disclosed on an SEC Form 4, filed 123 days after the transaction.

Direction
Acquired (buy-side)
Shares
50,109,253
Price
$0.85
Total value
$42.59M
Role
SecurityPre-Funded Warrants (Right to Buy)
Transaction codeP: Open-market purchase
Transaction dateJanuary 16, 2026
Filing dateMay 19, 2026
Shares owned after50,109,253
OwnershipDirect
10b5-1 planNo
AmendedNo

Footnotes

On January 16, 2026, the Issuer issued and sold to Framework Ventures IV L.P. pre-funded warrants(the "Pre-Funded Warrants") to purchase an aggregate 50,109,253 shares of the Issuer's Common Stock. The purchase price was $0.85 per warrant. The Pre-Funded Warrants have no expiration date and are exercisable for shares of Common Stock on a tiered basis, with 20% of the Pre-Funded Warrants becoming exercisable on July 16, 2026, 30% of the Pre-Funded Warrants becoming exercisable on October 16, 2026 and the remaining 50% of the Pre-Funded Warrants becoming exercisable on January 16, 2027. All figures presented reflect the Issuer's 1-for-5 reverse stock split that became effective on February 20, 2026.; The reported securities may also be deemed to be beneficially owned by Framework Ventures GP IV LLC("Framework GP"), Framework Ventures Management LLC ("Framework Management"), Vance Spencer ("Mr. Spencer") and Michael Ernest Anderson ("Mr. Anderson" and together with Framework GP, Framework Management, Mr. Spencer and the Reporting Person, the "Framework Entities"), each of which or whom disclaim beneficial ownership of these shares, except to the extent of its or his pecuniary interest in such shares, if any. Framework GP is the general partner of the Reporting Person. Framework Management is the investment manager for Framework GP. Mr. Spencer and Mr. Anderson are members and the managers of Framework GP and the managing members of Framework Management.

View the original Form 4 on SEC EDGAR