Solana Co director awarded 1.01M warrant rights

Solana Co director Jiang Cosmo Yi received a warrant covering 1,005,040 shares of common stock.

Rhea-AI Filing Summary

Solana Co director Jiang Cosmo Yi received a warrant covering 1,005,040 shares of common stock. The warrant has an exercise price of $0.001 per share and expires on September 18, 2030. It vests 25% on March 18, 2026, with the remaining 75% vesting in equal monthly installments over 36 months, subject to continued service.

Insider Trade Summary

Grant/Award: 1,005,040 shares

Grant/Award 1 txn

Insider Jiang Cosmo Yi

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Warrant (Right to Buy)	1,005,040	$0.00	$0.00

Holdings After Transaction: Warrant (Right to Buy) — 1,005,040 contracts (Direct)

Footnotes (2)

1. F1. On September 18, 2025, Pantera Capital Management LP ("Pantera") transferred the warrant to the Reporting Person pursuant to that certain Warrant Transfer Agreement, dated as of September 18, 2025 (the "Warrant Transfer Agreement"), by and among the Issuer, Pantera and the Reporting Person. The warrant vests as to 25% of the shares on March 18, 2026; the remaining 75% of the shares shall vest in equal monthly installments on the last day of each month over the following thirty-six (36) calendar months, in each case subject to the Reporting Person providing continuous service to the Pantera on each such vesting date.
2. F2. Notwithstanding the foregoing, the number of vested shares on each subsequent March 31, June 30, September 30 and December 31, shall be equal to the greater of (x) the then vested amount, and (y) the Exercise-based Catch-Up Amount (as that term is defined in the Warrant Transfer Agreement), provided that in no event shall the cumulative number of vested warrant shares reported herein exceed 100% of the warrant shares reported herein.

Key Figures

Warrant size: 1,005,040 shares Exercise price: $0.001 per share Expiration date: September 18, 2030 +2 more

5 metrics

Warrant size 1,005,040 shares Underlying common stock covered by warrant

Exercise price $0.001 per share Warrant conversion or exercise price

Expiration date September 18, 2030 Warrant expiration

Initial vesting tranche 25% of shares Vests on March 18, 2026

Remaining vesting 75% over 36 months Equal monthly installments after initial vesting date

Key Terms

Warrant (Right to Buy), Exercise-based Catch-Up Amount, Warrant Transfer Agreement, vesting

4 terms

Warrant (Right to Buy) financial

"security_title: Warrant (Right to Buy)"

Exercise-based Catch-Up Amount financial

"the Exercise-based Catch-Up Amount (as that term is defined in the Warrant Transfer Agreement)"

Warrant Transfer Agreement financial

"pursuant to that certain Warrant Transfer Agreement, dated as of September 18, 2025"

vesting financial

"The warrant vests as to 25% of the shares on March 18, 2026; the remaining 75% of the shares shall vest in 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.

FAQ

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

What did Solana Co (HSDT) director Jiang Cosmo Yi receive in this Form 4?

Jiang Cosmo Yi received a warrant covering 1,005,040 shares of Solana Co common stock. This derivative award gives the director the right to buy shares in the future at a fixed, very low exercise price of $0.001 per share.

What is the exercise price of the warrant reported for Solana Co (HSDT)?

The reported warrant has an exercise price of $0.001 per share. This means the holder can acquire each underlying Solana Co common share by paying one-tenth of a cent, assuming the warrant has vested and is still unexpired when exercised.

How many Solana Co (HSDT) shares are covered by the reported warrant?

The warrant covers 1,005,040 underlying shares of Solana Co common stock. This entire amount is reported as the derivative position following the transaction, reflecting the director’s potential future share acquisition if vesting and exercise conditions are met.

When does the Solana Co (HSDT) warrant begin vesting for Jiang Cosmo Yi?

The warrant vests as to 25% of the shares on March 18, 2026. After that initial vesting date, additional portions of the award are scheduled to vest monthly, provided the director continues to provide service to Pantera as described.

What is the vesting schedule for the remaining Solana Co (HSDT) warrant shares?

The remaining 75% of the warrant shares vest in equal monthly installments over 36 months. Vesting occurs on the last day of each month, and is conditioned on the reporting person continuing to provide service to Pantera on each vesting date.

When does the reported Solana Co (HSDT) warrant expire?

The warrant expires on September 18, 2030, if not exercised earlier. After this expiration date, any unexercised portion of the warrant will lapse, and the holder will no longer have the right to buy Solana Co shares under this instrument.

How did Jiang Cosmo Yi obtain the Solana Co (HSDT) warrant reported on this Form 4?

Pantera Capital Management LP transferred the warrant to Jiang Cosmo Yi under a Warrant Transfer Agreement dated September 18, 2025. That agreement is among the issuer, Pantera and the reporting person, and sets terms including vesting and catch-up mechanics.

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 06/04/2026 - 08:10 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^*

Jiang Cosmo Yi

(Last) (First) (Middle)

C/O SOLANA COMPANY

1650 MARKET STREET, SUITE 3600

(Street)

PHILADELPHIA 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)
09/18/2025

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

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
Warrant (Right to Buy)	$0.001	09/18/2025		A		1,005,040		(1)(2)	09/18/2030	Common Stock	1,005,040	$0	1,005,040	D

Explanation of Responses:

1. On September 18, 2025, Pantera Capital Management LP ("Pantera") transferred the warrant to the Reporting Person pursuant to that certain Warrant Transfer Agreement, dated as of September 18, 2025 (the "Warrant Transfer Agreement"), by and among the Issuer, Pantera and the Reporting Person. The warrant vests as to 25% of the shares on March 18, 2026; the remaining 75% of the shares shall vest in equal monthly installments on the last day of each month over the following thirty-six (36) calendar months, in each case subject to the Reporting Person providing continuous service to the Pantera on each such vesting date.

2. Notwithstanding the foregoing, the number of vested shares on each subsequent March 31, June 30, September 30 and December 31, shall be equal to the greater of (x) the then vested amount, and (y) the Exercise-based Catch-Up Amount (as that term is defined in the Warrant Transfer Agreement), provided that in no event shall the cumulative number of vested warrant shares reported herein exceed 100% of the warrant shares reported herein.

	/s/ Cosmo Yi Jiang	06/04/2026
	** 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)