STRAW EDWARD M 4/A

4/A · Solana Co · Filed May 26, 2026

AI-generated summary of this filing

Updated May 26, 2026

Solana Co (HSDT) Director Edward M. Straw Receives RSU Award

What Happened

Edward M. Straw, a director of Solana Co (HSDT), is reported to have acquired 2,180 shares as restricted stock units (RSUs) under the issuer's 2022 Equity Incentive Plan. The Form 4 shows an acquisition of 2,180 shares at $0.00 on March 31, 2026 (no cash paid). Per the filing, 75% of the RSUs (1,635 shares) vested on March 31, 2026; the remaining 25% (545 shares) will vest on June 30, 2026, subject to continued service.

Key Details

Transaction date: March 31, 2026
Transaction type/code: Grant / Award (A)
Shares reported acquired: 2,180 @ $0.00
Vesting breakdown: 75% vested Mar 31, 2026 (1,635 shares); 25% vest Jun 30, 2026 (545 shares), contingent on service
Plan: Issuer's 2022 Equity Incentive Plan
Filing: Amended Form 4 filed May 26, 2026 to correct share counts after three reverse stock splits (1-for-50 effective Aug 16, 2023; 1-for-15 effective May 2, 2025; 1-for-50 effective Jul 1, 2025). The initial Form 4 did not reflect these splits.
Shares owned after transaction: Not specified in the provided filing excerpt
Cash paid: $0.00 (typical for RSU vesting)

Context

This was a compensation/vesting event (RSUs), not an open-market purchase or sale. RSU vesting reflects compensation and service conditions rather than a direct trading signal. The amended filing corrects prior reporting to reflect reverse stock splits; investors should treat this as a disclosure/administrative correction rather than evidence of buying or selling activity.

Form 4/AAmended

Period: 2026-03-31

Director

Transactions

Footnotes (2)

[F1]Grant to the Reporting Person of restricted stock units ("RSUs") under the Issuer's 2022 Equity Incentive Plan. 75% of the RSUs vested on March 31, 2026, and the remaining 25% of RSUs will vest on June 30, 2026, subject to the Reporting Person's continued service through such vesting period.
[F2]The Issuer implemented three reverse stock splits. Effective August 16, 2023, the Issuer effected a 1-for-50 reverse stock split for the Issuer's Class A common stock, effective May 2, 2025, the Issuer effected a second 1-for-15 reverse stock split of the Issuer's Class A common stock and effective July 1, 2025, the Issuer effected a third 1-for-50 reverse stock split of the Issuer's Class A common stock. The number of securities reported herein have been adjusted to reflect the reverse stock split. The initial Form 4 did not account for the reverse stock splits.

Signature

/s/ Agustina Gani Tjandrasuwita, Attorney-in-Fact|2026-05-26

2 files