Solana Co director receives RSU and option grants

Solana Co director Sergio Mello reported equity compensation awards from the company.

Rhea-AI Filing Summary

Solana Co director Sergio Mello reported equity compensation awards from the company. He received 6,360 shares of Class A Common Stock as restricted stock units granted at no cash cost, bringing his directly held common shares reported in this filing to 6,360.

He was also granted stock options for 18,564 shares of Class A Common Stock at an exercise price of $2.36 per share, with 18,564 derivative securities reported as held after the grant. Both the RSUs and options vest in twelve equal monthly installments over one year, conditioned on his continued service through each vesting date.

Insider Trade Summary

Grant/Award: 24,924 shares

Grant/Award 2 txns

Insider Mello Sergio

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)

1. 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.
2. 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 shares Options granted: 18,564 options Option exercise price: $2.36 per share +5 more

8 metrics

RSUs granted 6,360 shares Class A Common Stock restricted stock units granted to director

Options granted 18,564 options Stock options on Class A Common Stock granted to director

Option exercise price $2.36 per share Stock Option (Right to Buy) on Class A Common Stock

Common shares after grant 6,360 shares Total Class A Common Stock held directly after RSU grant

Derivative securities after grant 18,564 options Total stock options held directly after option grant

RSU vesting period 12 monthly installments RSUs fully vest on one-year anniversary of grant date

Option vesting period 12 monthly installments Options fully vest on one-year anniversary of grant date

Option expiration 2036-05-20 Expiration date for granted stock options

Key Terms

restricted stock units, RSUs, 2022 Equity Incentive Plan, stock option, +1 more

5 terms

restricted stock units financial

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

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

RSUs financial

"The RSUs vest in a series of twelve (12) successive equal monthly installments"

RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.

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.

exercise price financial

"Stock Option (Right to Buy) with a conversion or exercise price of 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

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

What insider transactions did Solana Co (HSDT) director Sergio Mello report?

Sergio Mello reported receiving 6,360 restricted stock units and options for 18,564 shares of Class A Common Stock. Both awards were granted as equity compensation, not open-market purchases, and are subject to a one-year monthly vesting schedule.

How many Solana Co (HSDT) shares did Sergio Mello receive directly in this Form 4?

The Form 4 shows a grant of 6,360 shares of Class A Common Stock as restricted stock units. Following this award, his directly reported common stock holdings in the filing total 6,360 shares, all tied to this equity compensation grant.

What are the terms of Sergio Mello’s Solana Co (HSDT) stock option grant?

He received a stock option covering 18,564 shares of Class A Common Stock at a $2.36 exercise price. The option vests in twelve equal monthly installments over one year and expires in 2036, subject to his continued service through each vesting period.

Are Sergio Mello’s Solana Co (HSDT) transactions open-market buys or compensation grants?

Both transactions are compensation-related grants, not open-market trades. The Form 4 labels them as awards of restricted stock units and stock options under the company’s 2022 Equity Incentive Plan, with no purchase price paid for the granted securities.

How do the Solana Co (HSDT) RSUs granted to Sergio Mello vest?

The 6,360 restricted stock units vest in twelve equal monthly installments. Vesting occurs on the last day of each month so that all RSUs become fully vested on the one-year anniversary of the grant date, assuming continued service each month.

When do Sergio Mello’s Solana Co (HSDT) stock options expire?

The stock options for 18,564 shares expire in 2036, according to the Form 4 data. They vest monthly over one year, and Mello must generally remain in service through each vesting date to earn the corresponding portion of the option.

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 05/26/2026 - 07:30 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^*

Mello Sergio

(Last) (First) (Middle)

C/O SOLANA COMPANY

1650 MARKET STREET, SUITE 3600

(Street)

PHILADELPHA 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)
05/21/2026

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	05/21/2026		A		6,360(1)	A	$0	6,360	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)	$2.36	05/21/2026		A		18,564		(2)	05/20/2036	Class A Common Stock	18,564	$0	18,564	D

Explanation of Responses:

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.

2. 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.

	/s/ John Mayberry, Attorney-in-Fact	05/26/2026
	** 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)