Solana Co director granted options and RSUs

Solana Co director Paul Buckman received new equity awards as part of his compensation.

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Form Type

Rhea-AI Filing Summary

Solana Co director Paul Buckman received new equity awards as part of his compensation. He was granted a stock option covering 23,529 shares of Class A Common Stock at an exercise price of $6.881 per share, expiring on March 30, 2036.

He also received 2,180 shares of Class A Common Stock, increasing his direct holdings to 92,004 shares. Both the option and restricted stock units vest 75% on March 31, 2026, with the remaining 25% scheduled to vest on June 30, 2026, contingent on his continued service.

Insider Trade Summary

Grant/Award: 25,709 shares

Grant/Award 2 txns

Insider BUCKMAN PAUL

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Stock Option (Right to Buy)	23,529	$0.00	$0.00
Grant/Award	Class A Common Stock	2,180	$0.00	$0.00

Holdings After Transaction: Stock Option (Right to Buy) — 23,529 contracts (Direct); Class A Common Stock — 92,004 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. Grant to the Reporting Person of a stock option under the Issuer's 2022 Equity Incentive Plan. 75% of the options vested on March 31, 2026, and the remaining 25% of options will vest on June 30, 2026, subject to the Reporting Person's continued service through such vesting period.

Key Figures

Stock options granted: 23,529 options Option exercise price: $6.881 per share Option expiration: March 30, 2036 +4 more

7 metrics

Stock options granted 23,529 options Grant on March 31, 2026

Option exercise price $6.881 per share Stock option grant on March 31, 2026

Option expiration March 30, 2036 Stock option term under 2022 Equity Incentive Plan

Shares granted 2,180 shares Class A Common Stock grant on March 31, 2026

Shares held after grant 92,004 shares Class A Common Stock direct holdings after March 31, 2026 grant

Initial vesting portion 75% of awards Vested on March 31, 2026, subject to continued service

Final vesting portion 25% of awards Scheduled to vest on June 30, 2026, with continued service

Key Terms

restricted stock units ("RSUs"), 2022 Equity Incentive Plan, stock option, vesting

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."

stock option financial

"Grant to the Reporting Person of a stock option under the Issuer's 2022 Equity Incentive Plan."

A stock option is a contract that gives you the right to buy or sell a company's stock at a specific price within a certain time frame. People use them to potentially make money if the stock's price moves favorably or to protect against losses. It's like holding a coupon that can be used to buy or sell stock at a set price later on.

vesting financial

"75% of the options vested on March 31, 2026, and the remaining 25% of options will vest on June 30, 2026."

Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.

FAQ

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

What insider transactions did Solana Co (HSDT) director Paul Buckman report?

Paul Buckman reported equity compensation awards, not open-market trades. He received 23,529 stock options at a $6.881 exercise price and 2,180 shares of Class A Common Stock, all granted as part of Solana Co’s 2022 Equity Incentive Plan.

How many Solana Co (HSDT) stock options were granted to Paul Buckman?

He was granted stock options for 23,529 shares of Class A Common Stock. These options have an exercise price of $6.881 per share and an expiration date of March 30, 2036, providing long-term equity-based compensation tied to Solana Co’s performance.

What is the vesting schedule for Paul Buckman’s Solana Co (HSDT) awards?

Both his restricted stock units and stock options vest on the same schedule: 75% vested on March 31, 2026, and the remaining 25% will vest on June 30, 2026, conditioned on his continued service with Solana Co during the vesting period.

How many Solana Co (HSDT) shares does Paul Buckman hold after these grants?

After the reported grant of 2,180 shares, Paul Buckman directly holds 92,004 shares of Solana Co Class A Common Stock. These holdings reflect his equity position following the March 31, 2026 compensation-related share award disclosed in the Form 4.

Are Paul Buckman’s Solana Co (HSDT) transactions open-market purchases or sales?

They are not open-market trades. The filing shows “A” code transactions, meaning grants or awards. He acquired options and shares at a reported price of $0.00 per share as compensation, under the company’s 2022 Equity Incentive Plan, rather than buying or selling in the market.

Under which plan were Paul Buckman’s Solana Co (HSDT) equity awards granted?

The restricted stock units and stock options were granted under Solana Co’s 2022 Equity Incentive Plan. This plan provides equity-based compensation, with Buckman’s awards vesting mostly on March 31, 2026 and the remainder on June 30, 2026, subject to continued service.

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

Form 4 Insider Transactions: What Each Field Means →

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Accepted by SEC EDGAR 04/02/2026 - 05:00 PM EDT

SEC Form 4

FORM 4

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

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

BUCKMAN PAUL

(Last)

(First)

(Middle)

C/O SOLANA COMPANY

642 NEWTOWN YARDLEY ROAD, SUITE 100`

(Street)

NEWTOWN

PENNSYLVANIA

18940

(City)

(State)

(Zip)

UNITED STATES

(Country)

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

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/31/2026

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

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

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Common Stock	03/31/2026		A		2,180⁽¹⁾	A	$0	92,004	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Stock Option (Right to Buy)	$6.881	03/31/2026		A		23,529		⁽²⁾	03/30/2036	Class A Common Stock	23,529	$0	23,529	D

Explanation of Responses:

1. 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.

2. Grant to the Reporting Person of a stock option under the Issuer's 2022 Equity Incentive Plan. 75% of the options vested on March 31, 2026, and the remaining 25% of options will vest on June 30, 2026, subject to the Reporting Person's continued service through such vesting period.

	Stephanie Swan, by Power of Attorney	04/02/2026
	** 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 4 (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 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR