Solana Co (HSDT) awards CFO 88,817-share option grant
Rhea-AI Filing Summary
Solana Co (HSDT) reported that officer Tjandrasuwita Agustina Gani, who serves as Chief Financial Officer, Chief Operating Officer, Treasurer and Secretary, received a grant of stock options. The award covers 88,817 Stock Options (Right to Buy) shares of Class A common stock at an exercise price of $2.10 per share, with no cash paid at grant. The options vest in four equal annual installments of 25% each, beginning one year after the vesting commencement date of July 6, 2026, and will be fully vested on the four-year anniversary of that date, subject to continued service. Following this grant, the reporting person holds 88,817 stock options directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Tjandrasuwita Agustina Gani
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (Right to Buy) F1 | 88,817 | $0.00 | $0.00 |
Holdings After Transaction:
Stock Option (Right to Buy) — 88,817 shares (Direct)
Footnotes (1)
- F1. Grant to the Reporting Person of a stock option under the 2022 Equity Incentive Plan, as amended (the "Plan"). The options vest 25% in a series of four (4) successive equal annual installments beginning on the one (1) year anniversary of the vesting commencement date of July 6, 2026 (the "Vesting Commencement Date), so that all of the options will be fully vested on the four-year anniversary of the Vesting Commencement Date, subject to the Reporting Person's continued service through each applicable vesting period.
Key Figures
Stock options granted: 88,817 shares
Exercise price: $2.10 per share
Shares underlying options: 88,817 shares
+4 more
7 metrics
Stock options granted
88,817 shares
Grant of Stock Option (Right to Buy) to reporting person
Exercise price
$2.10 per share
Conversion or exercise price of the stock options
Shares underlying options
88,817 shares
Underlying Class A Common Stock for the option grant
Exercise date
July 6, 2027
Exercise date reported for the stock options
Expiration date
August 20, 2031
Expiration of the stock options if not exercised
Vesting commencement date
July 6, 2026
Vesting Commencement Date used for the four-year vesting schedule
Post-transaction option holdings
88,817 options
Total stock options held directly after the grant
Key Terms
Stock Option (Right to Buy), 2022 Equity Incentive Plan, vesting commencement date, Vesting Commencement Date
4 terms
Stock Option (Right to Buy) financial
"security_title: "Stock Option (Right to Buy)""
2022 Equity Incentive Plan financial
"Grant to the Reporting Person of a stock option under the 2022 Equity Incentive Plan"
vesting commencement date financial
"beginning on the one (1) year anniversary of the vesting commencement date of July 6, 2026"
The vesting commencement date is the starting point when an employee begins earning ownership rights to their promised benefits, such as stock options or retirement contributions. Think of it like the day a savings account is opened—only after this date do the benefits start to grow and become fully available over time. It matters to investors because it marks when the clock begins ticking toward full ownership, affecting the timing and value of these benefits.
Vesting Commencement Date financial
"so that all of the options will be fully vested on the four-year anniversary of the Vesting Commencement Date"
The vesting commencement date is the starting point when an employee begins earning ownership rights to their promised benefits, such as stock options or retirement contributions. Think of it like the day a savings account is opened—only after this date do the benefits start to grow and become fully available over time. It matters to investors because it marks when the clock begins ticking toward full ownership, affecting the timing and value of these benefits.
FAQ
What equity award did HSDT grant to Tjandrasuwita Agustina Gani?
Solana Co (HSDT) granted Tjandrasuwita Agustina Gani 88,817 stock options to purchase Class A common stock at an exercise price of $2.10 per share, with no cash consideration at grant.
What is the vesting schedule for the new HSDT stock options?
The options vest 25% in each of four equal annual installments, beginning on the one-year anniversary of the July 6, 2026 vesting commencement date, and will be fully vested on the four-year anniversary, subject to continued service.
What is the expiration date of the new HSDT stock options?
The stock options granted to Tjandrasuwita Agustina Gani expire on August 20, 2031, if not earlier exercised or forfeited under the terms of the 2022 Equity Incentive Plan, as amended.
What is Tjandrasuwita Agustina Gani’s role at Solana Co (HSDT)?
Tjandrasuwita Agustina Gani serves as Chief Financial Officer, Chief Operating Officer, Treasurer and Secretary of Solana Co, according to the filing remarks.
How many HSDT options does the reporting person hold after this grant?
After this grant, the reporting person directly holds 88,817 stock options linked to Class A common stock, as reported in the post-transaction holdings field.
Were the HSDT transactions made under a Rule 10b5-1 trading plan?
No. The filing’s Rule 10b5-1 checkbox is not checked, and there is no footnote indicating that this stock option grant was made pursuant to a Rule 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
