Fusion Summer Ltd (HSDT) reallocates 1.45M Solana Co Class A shares in-kind

Rhea-AI Filing Summary

Fusion Summer Ltd, a ten percent owner of Solana Co (HSDT), reported an internal restructuring transaction involving its holdings of Class A Common Stock. Fusion Summer Ltd made a pro-rata distribution-in-kind of 1,453,277 shares of Class A Common Stock to one of its members for no cash consideration. After this non-market transaction, Fusion Summer Ltd continues to hold 5,377,125 shares of Class A Common Stock directly.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Fusion Summer Ltd

Role null

Type	Security	Shares	Price	Value
Other	Class A Common Stock	1,453,277	$0.00	--

Holdings After Transaction: Class A Common Stock — 5,377,125 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Shares distributed: 1,453,277 shares Shares held after transaction: 5,377,125 shares

2 metrics

Shares distributed 1,453,277 shares Pro-rata distribution-in-kind on 2026-05-11

Shares held after transaction 5,377,125 shares Class A Common Stock directly owned by Fusion Summer Ltd

Key Terms

pro-rata distribution-in-kind, Class A Common Stock, ten percent owner

3 terms

pro-rata distribution-in-kind financial

"Represents a pro-rata distribution-in-kind of Class A Common Stock"

Class A Common Stock financial

"Class A Common Stock by Fusion Summer Limited to one of its members"

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.

ten percent owner financial

"Fusion Summer Ltd is marked as a ten percent owner"

Form 4 Insider Transactions: What Each Field Means →

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^*

Fusion Summer Ltd

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/11/2026

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)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	05/11/2026		J(1)		1,453,277	D	$0.00(1)	5,377,125	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents a pro-rata distribution-in-kind of Class A Common Stock by Fusion Summer Limited to one of its members for no consideration.

	/s/ Choon Wee Chee, Director	05/22/2026
	** 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)

FAQ

What insider transaction did Fusion Summer Ltd report for Solana Co (HSDT)?

Fusion Summer Ltd reported an internal restructuring transaction involving Solana Co Class A Common Stock. It made a pro-rata distribution-in-kind of 1,453,277 shares to one of its members, with no cash consideration involved in the transfer.

How many Solana Co (HSDT) shares were distributed by Fusion Summer Ltd?

Fusion Summer Ltd distributed 1,453,277 shares of Solana Co Class A Common Stock. The transfer was a pro-rata distribution-in-kind to one of its members, meaning shares were allocated proportionally rather than sold in the open market.

How many Solana Co (HSDT) shares does Fusion Summer Ltd hold after the transaction?

After the restructuring transaction, Fusion Summer Ltd holds 5,377,125 shares of Solana Co Class A Common Stock. These shares are reported as directly owned, reflecting Fusion Summer Ltd’s remaining position following the in-kind distribution to one of its members.

Was the Fusion Summer Ltd transaction in Solana Co (HSDT) an open-market trade?

No, the transaction was not an open-market trade. It was a pro-rata distribution-in-kind of Solana Co Class A Common Stock by Fusion Summer Ltd to one of its members, completed for no consideration rather than through market buying or selling.

What does a pro-rata distribution-in-kind mean in the Solana Co (HSDT) filing?

A pro-rata distribution-in-kind means Fusion Summer Ltd transferred Solana Co shares directly to a member based on their proportional interest. Instead of selling shares for cash, it distributed 1,453,277 Class A shares as stock, leaving 5,377,125 shares still held directly.