Kazley Michael John 4

4 · Stablecoin Development Corp · Filed Apr 2, 2026

AI-generated summary of this filing

Updated Apr 3, 2026

Stablecoin Development (SDEV) CEO Kazley Michael John Receives Award

What Happened

Kazley Michael John, CEO of Stablecoin Development Corp (SDEV), was granted a total of 19,564,431 restricted stock units (RSUs) on March 31, 2026. The awards consist of 4,118,828 time-based RSUs and 15,445,603 performance-based RSUs (7,722,802 tied to share price/VWAP hurdles and 7,722,801 tied to digital-asset net asset value hurdles). The reported grant price is $0.00 per RSU; these are derivative awards (future shares if/when RSUs vest), so no immediate cash transaction or open-market purchase/sale occurred.

Key Details

Transaction date: 2026-03-31; Form 4 filed 2026-04-02 (appears timely).
Awards: 4,118,828 Time-Based RSUs (vest 100% on Feb 16, 2027, subject to continued employment).
Performance awards: 7,722,802 VWAP RSUs and 7,722,801 NAV-based RSUs (15,445,603 total). These are earned only if specified performance hurdles are met over a five-year performance period; if earned, they vest in quarterly installments over two years following achievement, subject to a 13-month cliff from Jan 16, 2026, and continued employment.
Price/value: $0.00 per RSU at grant (no immediate cash value realized).
Shares owned after transaction: not specified in the provided filing excerpt.
Transaction code: A = Award/Grant; these are derivative securities (RSUs).

Context

RSUs are promises to deliver company shares in the future if vesting conditions are met; they do not indicate an immediate purchase or sale and are common executive compensation. Performance-based RSUs depend on long-term targets (VWAP and digital-asset NAV) and may never convert to shares if hurdles aren’t achieved. This filing reports grants rather than trading activity, so it’s informational about compensation rather than a direct insider bet on the stock.

Form 4

Period: 2026-03-31

DirectorChief Executive Officer10% Owner

Transactions

Award
Restricted Stock Units (Time-Based)
[F1]
2026-03-31+4,118,828→ 4,118,828 total
→ Common Stock (4,118,828 underlying)
Award
Restricted Stock Units (Performance-Based)
[F2]
2026-03-31+7,722,802→ 7,722,802 total
→ Common Stock (7,722,802 underlying)

Footnotes (2)

[F1]On March 31, 2026, the Reporting Person was granted 4,118,828 time-based restricted stock units ("Time-Based RSUs"). 100% of the Time-Based RSUs will vest on February 16, 2027, generally subject to the Reporting Person's continued employment with the Issuer through such vesting date.
[F2]On March 31, 2026, the Reporting Person was granted 7,722,802 performance-based restricted stock units ("VWAP RSUs") that will be earned based on the achievement of specified stock price hurdles over a five-year performance period. On March 31, 2026, the Reporting Person was also granted 7,722,801 performance-based restricted stock units (together with the VWAP RSUs, the "Performance-Based RSUs") that will be earned based on the achievement of specified digital asset net asset value hurdles over a five-year performance period. To the extent earned, the Performance-Based RSUs will vest in quarterly installments over two years following achievement of the applicable hurdle, subject to a thirteen-month cliff from January 16, 2026, generally subject to the Reporting Person's continued employment with the Issuer through the applicable vesting date.

Signature

/s/ Michael Kazley|2026-04-02

1 file