Solana Co director files initial Form 3 for HSDT

Solana Co director Sergio Mello has filed an initial Form 3 insider ownership report for HSDT.

Rhea-AI Filing Summary

Solana Co director Sergio Mello has filed an initial Form 3 insider ownership report for HSDT. The filing lists him as a director of the company and does not report any insider transactions or derivative positions in this submission.

Key Terms

Form 3, insider ownership, derivative securities

3 terms

Form 3 regulatory

"Director Sergio Mello files initial Form 3 insider report for Solana Co (HSDT)"

Form 3 is the initial public filing that officers, directors and large shareholders must submit to report their ownership of a company’s securities when they become insiders. It acts like an opening inventory sheet that gives investors a starting point to see who holds significant stakes and to spot later trades or potential conflicts of interest, helping assess insider confidence and transparency.

insider ownership financial

"initial Form 3 insider ownership report for HSDT"

The percentage of a company’s stock held by people with access to inside information or control, typically officers, directors and large shareholders who work at or help run the business. It matters to investors because it shows how much “skin in the game” insiders have and can signal alignment of interests, potential for concentrated control, and effects on share liquidity—like neighbors owning most of a street, which changes how decisions are made and how easy it is for others to move in or out.

derivative securities financial

"no derivative securities for Sergio Mello"

Financial contracts whose value is tied to the price or performance of another asset, such as a stock, bond, commodity, index, or currency; examples include options, futures and swaps. They matter to investors because they let you protect against price swings, bet on future moves or gain larger exposure with less upfront cash—like using a lever or insurance policy on an investment—so they can amplify gains and losses and help manage portfolio risk.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does the HSDT Form 3 filing by Sergio Mello disclose?

The Form 3 filing discloses that Sergio Mello is a director of Solana Co (HSDT). It serves as his initial insider ownership report with the SEC and, in this submission, does not list any insider transactions or derivative securities.

Does the HSDT Form 3 show any insider trades by Sergio Mello?

No, this Form 3 does not show any insider trades by Sergio Mello. The transaction summary reports zero buy, sell, exercise, gift, tax withholding, or restructuring transactions associated with his initial reporting as a director.

What role does Sergio Mello hold at Solana Co (HSDT) in this Form 3?

The filing identifies Sergio Mello as a director of Solana Co, issuer of HSDT. He is not reported as an officer or ten percent owner in this Form 3, which focuses on his status as a board member.

Are there any derivative securities reported for Sergio Mello in the HSDT Form 3?

No, the Form 3 shows no derivative securities for Sergio Mello. The derivative summary is empty, and the transaction summary indicates no option exercises or other derivative-related transactions in this initial filing.

Why is a Form 3 filed for Solana Co (HSDT) director Sergio Mello?

A Form 3 is required when an individual becomes a director, officer, or significant owner. This filing records Sergio Mello’s status as a director of Solana Co (HSDT) and establishes his initial insider reporting position with the SEC.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 04/30/2026 - 04:31 PM EDT Learn about SEC filing dates

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
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

Mello Sergio

(Last) (First) (Middle)

C/O SOLANA COMPANY

642 NEWTOWN YARDLEY ROAD, SUITE 100

(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)

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)