Solana Co (HSDT) CEO awarded 923,000 stock options with $1.65 strike price
Rhea-AI Filing Summary
Solana Co granted CEO and President Chee Choon Wee a stock option covering 923,000 shares of Class A Common Stock at an exercise price of $1.65 per share. The option vests 50% immediately and 50% in four equal quarterly installments through the first anniversary of the grant and expires on July 30, 2036.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Chee Choon Wee
Role
CEO and President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (Right to Buy) F1 | 923,000 | $0.00 | $0.00 |
Holdings After Transaction:
Stock Option (Right to Buy) — 923,000 shares (Direct)
Footnotes (1)
- F1. Grant to the Reporting Person of a stock option under the 2022 Equity Incentive Plan, as amended (the "Plan"). The options vest 50% immediately upon grant with the remaining 50% to vest in a series of four (4) successive equal quarterly installments on the last day of each quarter starting on October 31, 2026, so that all of the options will be fully vested on the one-year anniversary of the grant date, subject to the Reporting Person's continued service through each applicable vesting period.
Key Figures
Options granted: 923000.0000 shares
Exercise price: $1.6500 per share
Underlying shares: 923000.0000 shares
+4 more
7 metrics
Options granted
923000.0000 shares
Stock option grant to CEO and President Chee Choon Wee on 2026-07-31
Exercise price
$1.6500 per share
Exercise price of the granted stock option
Underlying shares
923000.0000 shares
Class A Common Stock underlying the stock option
Expiration date
2036-07-30
Expiration date of the CEO’s stock option
Immediate vesting portion
50%
Portion of the option that vests immediately upon grant
Quarterly installments
4
Number of equal quarterly installments for remaining vesting starting 2026-10-31
Shares following transaction
923000.0000 derivative securities
Total derivative securities held directly after the grant
Key Terms
Stock Option (Right to Buy), 2022 Equity Incentive Plan, vesting, quarterly installments, +1 more
5 terms
Stock Option (Right to Buy) financial
"Security title reported as "Stock Option (Right to Buy)" for the grant"
2022 Equity Incentive Plan financial
"Grant made under the 2022 Equity Incentive Plan, as amended"
vesting financial
"The options vest 50% immediately upon grant with the remaining 50%"
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.
quarterly installments financial
"Remaining 50% to vest in a series of four successive equal quarterly installments"
Class A Common Stock financial
"Underlying security title identified as 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 stock option grant did Solana Co (HSDT) CEO Chee Choon Wee receive?
Chee Choon Wee received a stock option for 923,000 shares of Solana Co Class A Common Stock at an exercise price of $1.65 per share, reported as a direct holding following the grant.
How does the new HSDT stock option for Solana Co’s CEO vest?
The option vests 50% immediately on grant, with the remaining 50% vesting in four equal quarterly installments starting October 31, 2026, fully vesting on the one-year anniversary of the grant, subject to continued service.
What is the expiration date of the Solana Co (HSDT) CEO’s new option grant?
The granted stock option expires on July 30, 2036. After this date, any unexercised portion of the 923,000-share option can no longer be exercised for Solana Co Class A Common Stock.
Under which plan was the Solana Co (HSDT) CEO’s option grant made?
The option was granted under Solana Co’s 2022 Equity Incentive Plan, as amended. This plan governs equity awards such as stock options granted to executives and other eligible participants at the company.
Was the Solana Co (HSDT) CEO’s Form 4 option grant under a Rule 10b5-1 plan?
No. The Form 4’s Rule 10b5-1 checkbox was not marked as affirmed, indicating the reported option grant was not designated as being made pursuant to a Rule 10b5-1 trading plan.