Solana Co (HSDT) director awarded RSUs and stock options vesting over one year
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
STRAW EDWARD M
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (Right to Buy) | 18,564 | $0.00 | -- |
| Grant/Award | Class A Common Stock | 6,360 | $0.00 | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 18,564 shares (Direct, null);
Class A Common Stock — 8,542 shares (Direct, null)
Footnotes (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. 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
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.
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.