Director Walter Blane receives 2,180-share RSU grant at Solana Co (HSDT)
Rhea-AI Filing Summary
Walter Blane reported acquisition or exercise transactions in this Form 4 filing.
Solana Co director Walter Blane received an equity award of 2,180 shares of Class A common stock, reported as a grant or award at a price of $0.00 per share. Following this grant, he directly holds 2,182 shares.
The award represents restricted stock units under Solana Co’s 2022 Equity Incentive Plan. According to the terms, 75% of the RSUs vested on March 31, 2026 and the remaining 25% will vest on June 30, 2026, subject to his continued service. The amendment also notes three prior reverse stock splits, and the share numbers have been adjusted to reflect those splits after the initial Form 4 omitted them.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 2,180 shares
Net Buy
1 txn
Insider
Walter Blane
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 2,180 | $0.00 | $0.00 |
Holdings After Transaction:
Class A Common Stock — 2,182 shares (Direct)
Footnotes (2)
- F1. Grant to the Reporting Person of restricted stock units ("RSUs") under the Issuer's 2022 Equity Incentive Plan. 75% of the RSUs vested on March 31, 2026, and the remaining 25% of RSUs will vest on June 30, 2026, subject to the Reporting Person's continued service through such vesting period.
- F2. The Issuer implemented three reverse stock splits. Effective August 16, 2023, the Issuer effected a 1-for-50 reverse stock split for the Issuer's Class A common stock, effective May 2, 2025, the Issuer effected a second 1-for-15 reverse stock split of the Issuer's Class A common stock and effective July 1, 2025, the Issuer effected a third 1-for-50 reverse stock split of the Issuer's Class A common stock. The number of securities reported herein have been adjusted to reflect the reverse stock split. The initial Form 4 did not account for the reverse stock splits.
Key Figures
RSU grant size: 2,180 shares
Grant price: $0.00 per share
Post-transaction holdings: 2,182 shares
+5 more
8 metrics
RSU grant size
2,180 shares
Class A Common Stock grant to director
Grant price
$0.00 per share
Equity award, not open-market purchase
Post-transaction holdings
2,182 shares
Director’s direct ownership after grant
Initial vesting portion
75% of RSUs
Vested on March 31, 2026
Final vesting portion
25% of RSUs
Scheduled to vest on June 30, 2026
First reverse split
1-for-50
Effective August 16, 2023 for Class A common stock
Second reverse split
1-for-15
Effective May 2, 2025 for Class A common stock
Third reverse split
1-for-50
Effective July 1, 2025 for Class A common stock
Key Terms
restricted stock units ("RSUs"), 2022 Equity Incentive Plan, reverse stock splits, Class A common stock
4 terms
restricted stock units ("RSUs") financial
"Grant to the Reporting Person of restricted stock units ("RSUs") under the Issuer's 2022 Equity Incentive Plan."
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
2022 Equity Incentive Plan financial
"Grant to the Reporting Person of restricted stock units ("RSUs") under the Issuer's 2022 Equity Incentive Plan."
reverse stock splits financial
"The Issuer implemented three reverse stock splits."
A reverse stock split is when a company combines multiple existing shares into fewer higher-priced shares—like trading four small slices of a pie for one larger slice. It doesn’t change the overall value of an investor’s holdings immediately, but it raises the per-share price and can matter to investors because it can affect market perception, stock exchange listing eligibility, and trading liquidity, and it changes share counts used in investor metrics.
Class A common stock financial
"The Issuer effected a 1-for-50 reverse stock split for the Issuer's Class A common stock."
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Solana Co (HSDT) report for Walter Blane?
Solana Co reported that director Walter Blane received a grant of 2,180 shares of Class A common stock as an equity award. The grant is compensation, not an open-market purchase, and increased his direct holdings to 2,182 shares after the transaction.
How are Walter Blane’s Solana Co (HSDT) RSUs scheduled to vest?
The RSUs granted to Walter Blane vest in two tranches. Footnotes state that 75% of the restricted stock units vested on March 31, 2026, and the remaining 25% will vest on June 30, 2026, if he continues to serve through that vesting period.
Was Walter Blane’s Solana Co (HSDT) Form 4 a market buy or a grant?
The filing shows a grant or award acquisition, not a market buy. Transaction code A and a $0.00 price per share indicate the 2,180 shares were issued as compensation, rather than purchased on the open market by the director.
Why was an amended Form 4/A filed for Solana Co (HSDT) director Walter Blane?
The amendment corrects prior reporting for reverse stock splits. Footnotes state Solana Co effected three reverse stock splits, and the number of securities reported has been adjusted to reflect those splits, because the initial Form 4 did not account for them.
What reverse stock splits of Solana Co (HSDT) are referenced in Walter Blane’s filing?
Footnotes describe three reverse stock splits of Solana Co’s Class A common stock: a 1-for-50 split effective August 16, 2023, a 1-for-15 split effective May 2, 2025, and a 1-for-50 split effective July 1, 2025, all now reflected in reported share counts.