The grain refinement mechanism in the adiabatic shear band (ASB) of solution treated Ti–10V–2Fe–3Al alloy was investigated under high strain rates using a split Hopkinson pressure bar and hat-shaped specimens. The TEM results show that elongated and parallel grains are the major characteristics of the transition region between the matrix and the centre of the ASB. The central region of the ASB consists of ultrafine and equiaxed recrystallized grains with a typical size of 100 nm. According to the classical one-dimensional Fourier heat conduction equation and recrystallization theory calculations, it is proved that ultrafine and equiaxed recrystallized grains did not undergo significant growth during the cooling stage after deformation. The thermodynamics and kinetics calculated results indicate that instant grain refinement within the ASB is due to the rotational dynamic recrystallization (RDR) that occurs during the deformation process.