Solana Co insider distributes 1.45M shares

Summer Wisdom Holdings Ltd, a ten percent owner of Solana Co, reported an internal restructuring of its indirect holdings of Class A Common Stock.

Rhea-AI Filing Summary

Summer Wisdom Holdings Ltd, a ten percent owner of Solana Co, reported an internal restructuring of its indirect holdings of Class A Common Stock. On May 11, 2026, an affiliate, Fusion Summer Limited, made a pro‑rata distribution-in-kind of 1,453,277 shares of Class A Common Stock to one of its members for no consideration. Following this transaction, Summer Wisdom is reported as beneficially owning 5,377,125 Class A Common shares indirectly through Fusion Summer.

Filing Explained

The filing records a no-consideration share distribution, with 5,377,125 shares reported under indirect beneficial ownership afterward.

The July 13, 2026 Form 4 reports a May 11, 2026 transaction involving 1,453,277 Class A Common Stock shares under transaction code J.

The filing describes the transaction as a pro-rata distribution in kind by Fusion Summer Limited to one of its members for no consideration, so it does not disclose a cash payment or issuer proceeds.

After the reported transaction, 5,377,125 shares are reported as indirectly beneficially owned through Fusion Summer Limited.

The filing states that Summer Wisdom Holdings Limited owns Fusion Summer's sole Ordinary Share and sole Class B Participating Share and may therefore be deemed to beneficially own Fusion Summer's securities.

Insider Trade Summary

Other: 1,453,277 shares

Other 1 txn

Insider Summer Wisdom Holdings Ltd

Role 10% Owner

Type	Security	Shares	Price	Value
Other	Class A Common Stock F1, F2	1,453,277	$0.00	$0.00

Holdings After Transaction: Class A Common Stock — 5,377,125 shares (Indirect, By Fusion Summer Limited)

Footnotes (2)

1. F1. Represents a pro-rata distribution-in-kind of Class A Common Stock by Fusion Summer Limited to one of its members for no consideration.
2. F2. Summer Wisdom Holdings Limited ("Summer Wisdom") holds the sole Ordinary Share and the sole Class B Participating Share of Fusion Summer Limited ("Fusion Summer"). As the sole owner of Fusion Summer, Summer Wisdom may be deemed to beneficially own the securities held directly by Fusion Summer.

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Available on EDGAR 07/13/2026 - 06:16 AM Accepted by SEC EDGAR 07/13/2026 - 06:08 AM 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^*

Summer Wisdom Holdings Ltd

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/11/2026

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	05/11/2026		J(1)		1,453,277	D	$0.00(1)	5,377,125	I	By Fusion Summer Limited(2)

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

Explanation of Responses:

1. Represents a pro-rata distribution-in-kind of Class A Common Stock by Fusion Summer Limited to one of its members for no consideration.

2. Summer Wisdom Holdings Limited ("Summer Wisdom") holds the sole Ordinary Share and the sole Class B Participating Share of Fusion Summer Limited ("Fusion Summer"). As the sole owner of Fusion Summer, Summer Wisdom may be deemed to beneficially own the securities held directly by Fusion Summer.

	/s/ Choon Wee Chee, Director	07/13/2026
	** 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)