Solana Co director receives RSU and option grants

Solana Co director Edward M. Straw reported equity awards in the company’s Class A Common Stock.

Rhea-AI Filing Summary

Solana Co director Edward M. Straw reported equity awards in the company’s Class A Common Stock. He received 6,360 restricted stock units that vest in twelve equal monthly installments over one year, subject to continued service. He was also granted options on 18,564 shares at an exercise price of $2.36 per share, vesting monthly over the same one-year period and expiring in 2036. Following the RSU grant, his direct common stock holdings total 8,542 shares.

Insider Trade Summary

Grant/Award: 24,924 shares

Grant/Award 2 txns

Insider STRAW EDWARD M

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)

1. 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.
2. 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 units Options granted: 18,564 shares Option exercise price: $2.36 per share +3 more

6 metrics

RSUs granted 6,360 units Restricted stock units granted to director on May 21, 2026

Options granted 18,564 shares Stock options on Class A Common Stock granted to director

Option exercise price $2.36 per share Conversion or exercise price for 18,564 stock options

Option expiration May 20, 2036 Expiration date of granted stock options

Shares held after grant 8,542 shares Total direct Class A Common Stock after RSU grant

Vesting schedule length 12 monthly installments RSUs and options vest over one year, monthly

Key Terms

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

"RSUs 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.

vesting financial

"The RSUs vest in a series of twelve (12) successive equal monthly installments"

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.

exercise price financial

"conversion_or_exercise_price": "2.3600""

The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.

FAQ

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

What insider transaction did Solana Co (HSDT) report for Edward M. Straw?

Solana Co reported that director Edward M. Straw received equity compensation. He was granted 6,360 restricted stock units and stock options covering 18,564 shares of Class A Common Stock as awards, rather than open-market purchases or sales, according to the Form 4 filing details.

How many Solana Co (HSDT) RSUs were granted to Edward M. Straw?

Edward M. Straw was granted 6,360 restricted stock units in Solana Co. These RSUs were issued under the company’s 2022 Equity Incentive Plan and vest in twelve equal monthly installments over one year, conditioned on his continued service through each applicable vesting date.

What stock options did Edward M. Straw receive from Solana Co (HSDT)?

Edward M. Straw received stock options to acquire 18,564 shares of Solana Co Class A Common Stock. The options have a $2.36 exercise price, vest in twelve equal monthly installments over one year, and are scheduled to expire on May 20, 2036, if not exercised.

How do Edward M. Straw’s Solana Co (HSDT) RSUs vest over time?

The 6,360 Solana Co RSUs granted to Edward M. Straw vest monthly. They vest in twelve successive equal installments on the last day of each month, so all RSUs become fully vested one year after the grant date, subject to his continued service throughout the vesting schedule.

What is Edward M. Straw’s Solana Co (HSDT) share ownership after the Form 4 grants?

After the reported RSU grant, Edward M. Straw directly holds 8,542 shares of Solana Co Class A Common Stock. This figure reflects his total direct non-derivative common stock holdings as of the Form 4 reporting date, separate from the newly granted but unexercised stock options.

Under which plan were Edward M. Straw’s Solana Co (HSDT) awards granted?

Both the RSUs and stock options for Edward M. Straw were granted under Solana Co’s 2022 Equity Incentive Plan. This plan provides for equity-based compensation, and the grants vest in twelve equal monthly installments over one year, conditioned on his continued service with the company.

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

Form 4 Insider Transactions: What Each Field Means →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Accepted by SEC EDGAR 05/26/2026 - 07:30 PM EDT Learn about SEC filing dates

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^*

STRAW EDWARD M

(Last) (First) (Middle)

C/O SOLANA COMPANY

1650 MARKET STREET

(Street)

PHILADELPHA PENNSYLVANIA 19103

(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)
05/21/2026

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	05/21/2026		A		6,360(1)	A	$0	8,542	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
Stock Option (Right to Buy)	$2.36	05/21/2026		A		18,564		(2)	05/20/2036	Class A Common Stock	18,564	$0	18,564	D

Explanation of Responses:

1. 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.

2. 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.

	/s/ Agustina Gani Tjandrasuwita, Attorney-in-Fact	05/26/2026
	** 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)