STRAW EDWARD M 4/A

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.