Solana Co (HSDT) director Lee Michel Kai Tai updates insider filing

Rhea-AI Filing Summary

Solana Co director Lee Michel Kai Tai filed an amended initial insider report for the company, which trades under ticker HSDT. This Form 3/A identifies his status as a director but shows no reported purchases, sales, or other transactions in the company’s securities.

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SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0104
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hours per response:			0.5

1. Name and Address of Reporting Person^*

Lee Michel Kai Tai

(Last) (First) (Middle)

C/O SOLANA COMPANY

642 NEWTOWN YARDLEY ROAD

(Street)

NEWTOWN PENNSYLVANIA 18940

(City) (State) (Zip)

UNITED STATES

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
04/23/2026

3. Issuer Name and Ticker or Trading Symbol
Solana Co [ HSDT ]

3a. Foreign Trading Symbol

5. If Amendment, Date of Original Filed (Month/Day/Year)
04/24/2026

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

No securities are beneficially owned.

	/s/ Jeffrey Mathiesen, Attorney-in-Fact	04/30/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 3: SEC 1473 (03-26)

FAQ

What does the Solana Co (HSDT) Form 3/A filing show?

The Form 3/A shows that Lee Michel Kai Tai is a director of Solana Co. It is an amended initial insider report and does not disclose any stock purchases, sales, or other transactions in HSDT shares.

Did Lee Michel Kai Tai trade Solana Co (HSDT) shares in this Form 3/A?

No. The Form 3/A lists no transactions. The transaction summary shows zero buys, zero sells, and zero derivative exercises, indicating only an update to insider status, not trading activity.

What role does Lee Michel Kai Tai have at Solana Co (HSDT)?

The filing identifies Lee Michel Kai Tai as a director of Solana Co. He is not reported as an officer or a ten percent owner in this Form 3/A, which focuses on his status rather than any trades.

Does the Solana Co (HSDT) Form 3/A indicate option or derivative positions?

No. The derivative summary in the Form 3/A is empty, and derivativeTransactionCount is zero. This means the amendment does not list any options, warrants, or other derivative securities held or exercised.

Is Lee Michel Kai Tai a ten percent owner of Solana Co (HSDT)?

According to the Form 3/A, he is not a ten percent owner. The filing flags him as a director only, with the ten percent owner field set to zero, clarifying the scope of his reported insider status.