Solana Co director granted RSUs and options
Solana Co director Walter Blane received new equity awards.
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Form Type
4
Rhea-AI Filing Summary
Solana Co director Walter Blane received new equity awards. He was granted 6,360 shares of Class A Common Stock in the form of restricted stock units and 18,564 stock options with an exercise price of $2.3600 per share.
The RSUs and options each vest in twelve equal monthly installments, fully vesting on the one-year anniversary of the May 21, 2026 grant date, subject to continued service. Following the RSU grant, Blane directly holds 8,542 Class A Common shares, and the options are exercisable into 18,564 shares until their expiration on May 20, 2036.
Insider Trade Summary
Grant/Award: 24,924 shares
Grant/Award
2 txns
Insider
Walter Blane
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (Right to Buy) | 18,564 | $0.00 | $0.00 |
| Grant/Award | Class A Common Stock | 6,360 | $0.00 | $0.00 |
Holdings After Transaction:
Stock Option (Right to Buy) — 18,564 contracts (Direct);
Class A Common Stock — 8,542 shares (Direct)
Footnotes (2)
- F1. Grant to the Reporting Person of restricted stock units ("RSUs") under the Issuer's 2022 Equity Incentive Plan (the "Plan"). The RSUs vest in a series of twelve (12) successive equal monthly installments on the last day of each month so that all of the RSUs 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.
- F2. Grant to the Reporting Person of a stock option under the Plan. The options vest in a series of twelve (12) successive equal monthly installments on the last day of each month 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
RSUs granted: 6,360 shares
Options granted: 18,564 options
Option exercise price: $2.3600 per share
+3 more
6 metrics
RSUs granted
6,360 shares
Class A Common Stock RSUs granted to director
Options granted
18,564 options
Stock options awarded to director
Option exercise price
$2.3600 per share
Stock option strike price
Shares held after RSU grant
8,542 shares
Director’s direct Class A Common holdings
Option expiration
May 20, 2036
Stock option term end date
Vesting schedule
12 monthly installments
RSUs and options vest over one year
Key Terms
restricted stock units ("RSUs"), 2022 Equity Incentive Plan, stock option, vest in a series of twelve (12) successive equal monthly installments, +1 more
5 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
"under the Issuer's 2022 Equity Incentive Plan (the "Plan")"
stock option financial
"Grant to the Reporting Person of a stock option under the 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.
vest in a series of twelve (12) successive equal monthly installments financial
"The RSUs vest in a series of twelve (12) successive equal monthly installments"
Class A Common Stock financial
"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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Solana Co (HSDT) director Walter Blane receive in this Form 4?
Walter Blane received equity compensation, not an open-market trade. He was granted 6,360 restricted stock units and 18,564 stock options, both tied to Solana Co Class A Common Stock as part of the company’s 2022 Equity Incentive Plan.
What are the terms of Walter Blane’s Solana Co (HSDT) stock options?
Blane received 18,564 stock options with a $2.3600 exercise price per share, expiring on May 20, 2036. Each option relates to one share of Class A Common Stock and vests in twelve equal monthly installments over one year, subject to continued service.
How do the RSUs and options for Solana Co (HSDT) vest for Walter Blane?
Both the 6,360 RSUs and 18,564 options vest in twelve equal monthly installments. Vesting occurs on the last day of each month, so all awards are fully vested on the one-year anniversary of the grant date if Blane continues his service.
Is Walter Blane’s Solana Co (HSDT) Form 4 a market purchase or sale?
The Form 4 reflects compensation-related grants, not market trades. The transactions are coded as awards: RSUs and stock options granted at no cash cost per share, rather than open-market purchases or sales, aligning with typical director equity compensation structures.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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