Solana Co director granted stock and options

Solana Co director Edward M. Straw received equity awards as part of his compensation.

Rhea-AI Filing Summary

Solana Co director Edward M. Straw received equity awards as part of his compensation. He was granted stock options for 23,529 shares of Class A Common Stock at an exercise price of $6.881 per share, expiring on March 30, 2036. He also received 2,180 shares of Class A Common Stock via restricted stock units. Seventy-five percent of both the RSUs and options vested on March 31, 2026, with the remaining 25% scheduled to vest on June 30, 2026, conditional on his continued service. Following the stock grant, he directly holds 92,291 Class A Common shares.

Insider Trade Summary 10b5-1

Grant/Award: 25,709 shares

Grant/Award 2 txns

Insider STRAW EDWARD M

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Stock Option (Right to Buy)	23,529	$0.00	$0.00
Grant/Award	Class A Common Stock	2,180	$0.00	$0.00

Holdings After Transaction: Stock Option (Right to Buy) — 23,529 contracts (Direct); Class A Common Stock — 92,291 shares (Direct)

Footnotes (2)

1. F1. Grant to the Reporting Person of restricted stock units ("RSUs") under the Issuer's 2022 Equity Incentive Plan. 75% of the RSUs vested on March 31, 2026, and the remaining 25% of RSUs will vest on June 30, 2026, subject to the Reporting Person's continued service through such vesting period.
2. F2. Grant to the Reporting Person of a stock option under the Issuer's 2022 Equity Incentive Plan. 75% of the options vested on March 31, 2026, and the remaining 25% of options will vest on June 30, 2026, subject to the Reporting Person's continued service through such vesting period.

Key Figures

Stock options granted: 23,529 options Option exercise price: $6.881 per share Option expiration: March 30, 2036 +4 more

7 metrics

Stock options granted 23,529 options Grant on March 31, 2026 under 2022 Equity Incentive Plan

Option exercise price $6.881 per share Exercise price for 23,529 stock options

Option expiration March 30, 2036 Expiration date of granted stock options

RSU shares granted 2,180 shares Class A Common Stock delivered via RSUs on March 31, 2026

Shares owned after grant 92,291 shares Direct Class A Common holdings after RSU-related share grant

Initial vesting portion 75% Portion of RSUs and options vested on March 31, 2026

Remaining vesting portion 25% Portion scheduled to vest on June 30, 2026

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

"Grant to the Reporting Person of restricted stock units ("RSUs") under the Issuer's 2022 Equity Incentive Plan."

stock option financial

"Grant to the Reporting Person of a stock option under the Issuer's 2022 Equity Incentive 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

"75% of the RSUs vested on March 31, 2026, and the remaining 25% of RSUs will vest on June 30, 2026."

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.

Class A Common Stock financial

"underlying_security_title: "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 insider transactions did Solana Co (HSDT) director Edward M. Straw report?

Edward M. Straw reported receiving equity compensation awards, not open-market trades. He was granted 23,529 stock options and 2,180 shares of Class A Common Stock under Solana Co’s 2022 Equity Incentive Plan, reflecting routine director compensation rather than discretionary buying or selling in the market.

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

He was granted stock options covering 23,529 shares of Solana Co Class A Common Stock. These options have an exercise price of $6.881 per share and expire on March 30, 2036, providing long-term potential equity exposure tied to his continued service on the board.

What restricted stock unit (RSU) award did Edward M. Straw receive from Solana Co (HSDT)?

He received an RSU-based grant that delivered 2,180 shares of Class A Common Stock. The RSUs were issued under the company’s 2022 Equity Incentive Plan, with vesting split between March 31, 2026, and June 30, 2026, contingent on his continued service through those vesting dates.

What is the vesting schedule for Edward M. Straw’s Solana Co (HSDT) equity awards?

Both the RSUs and stock options vest in two tranches. Seventy-five percent vested on March 31, 2026, and the remaining 25% are scheduled to vest on June 30, 2026. Vesting is subject to Edward M. Straw’s continued service with Solana Co through each vesting date.

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

After the March 31, 2026 grant of 2,180 Class A Common shares, Edward M. Straw directly owns 92,291 Solana Co Class A Common shares. This figure reflects his post-transaction direct holdings as reported, separate from the 23,529 stock options awarded on the same date.

At what price can Edward M. Straw exercise his Solana Co (HSDT) stock options?

His stock options have an exercise price of $6.881 per share for Solana Co Class A Common Stock. This fixed price applies through the option term, which runs until March 30, 2036, subject to the options’ vesting conditions and his continued service.

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

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Accepted by SEC EDGAR 04/02/2026 - 05:00 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).

X

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

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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/31/2026

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	03/31/2026		A		2,180(1)	A	$0	92,291	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)	$6.881	03/31/2026		A		23,529		(2)	03/30/2036	Class A Common Stock	23,529	$0	23,529	D

Explanation of Responses:

1. Grant to the Reporting Person of restricted stock units ("RSUs") under the Issuer's 2022 Equity Incentive Plan. 75% of the RSUs vested on March 31, 2026, and the remaining 25% of RSUs will vest on June 30, 2026, subject to the Reporting Person's continued service through such vesting period.

2. Grant to the Reporting Person of a stock option under the Issuer's 2022 Equity Incentive Plan. 75% of the options vested on March 31, 2026, and the remaining 25% of options will vest on June 30, 2026, subject to the Reporting Person's continued service through such vesting period.

	Stephanie Swan, by Power of Attorney	04/02/2026
	** 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)