Solana Co director granted RSUs and stock options
Solana Co director Lee Michel Kai Tai received new equity awards as part of compensation.
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Form Type
4
Rhea-AI Filing Summary
Solana Co director Lee Michel Kai Tai received new equity awards as part of compensation. He was granted 6,360 restricted stock units of Class A Common Stock and a stock option for 18,564 shares at an exercise price of $2.3600 per share.
The RSUs and options both vest in twelve equal monthly installments on the last day of each month, fully vesting one year after the grant date, subject to continued service. After these awards, he holds 6,360 Class A shares and 18,564 options directly.
Insider Trade Summary
Grant/Award: 24,924 shares
Grant/Award
2 txns
Insider
Lee Michel Kai Tai
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 — 6,360 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 units
Options granted: 18,564 options
Option exercise price: $2.3600 per share
+4 more
7 metrics
RSUs granted
6,360 units
Class A Common Stock RSUs granted to director on grant date
Options granted
18,564 options
Stock Option (Right to Buy) for Class A Common Stock
Option exercise price
$2.3600 per share
Exercise price for 18,564 stock options
Shares held after RSU grant
6,360 shares
Total Class A Common Stock directly held after RSU award
Options held after grant
18,564 options
Total stock options directly held after award
Option expiration
May 20, 2036
Expiration date for granted stock options
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, vest, +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 financial
"The RSUs vest in a series of twelve (12) successive equal monthly installments"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
Stock Option (Right to Buy) financial
"security_title: "Stock Option (Right to Buy)""
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What equity awards did Solana Co (HSDT) director Lee Michel Kai Tai receive?
He received 6,360 restricted stock units and a stock option for 18,564 shares of Class A Common Stock. Both awards were granted at no cash cost as part of his compensation package under Solana Co’s 2022 Equity Incentive Plan.
What is the exercise price of Lee Michel Kai Tai’s new Solana Co (HSDT) stock options?
The granted stock options have an exercise price of $2.3600 per share. This means he can buy Class A Common Stock at that price once options vest, subject to the plan’s terms and his continued service with Solana Co.
How do the new Solana Co (HSDT) RSUs and options vest for Lee Michel Kai Tai?
Both the 6,360 RSUs and 18,564 options vest in twelve equal monthly installments. Vesting occurs on the last day of each month and completes on the one-year anniversary of the grant date, contingent on his continued service with Solana Co.
Are Lee Michel Kai Tai’s Solana Co (HSDT) awards part of an equity incentive plan?
Yes, both the RSUs and the stock options were granted under Solana Co’s 2022 Equity Incentive Plan. That plan governs terms such as vesting, exercise price, and service requirements tied to these director compensation awards.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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