Walter Blane 4

What Happened

Walter Blane, a director of Solana Co (HSDT), was granted equity on March 31, 2026: 2,180 restricted stock units (RSUs) and a stock-option award covering 23,529 shares. Both grant items are reported as acquisitions at $0.00 on the Form 4 (i.e., awards rather than market purchases or sales). A total of 75% of each award vested on March 31, 2026, with the remaining 25% scheduled to vest on June 30, 2026, subject to continued service.

Key Details

• Transaction date: 2026-03-31; Form 4 filed 2026-04-02 (appears timely under the 2-business-day rule).
• Reported transactions: A (Award/Grant) — 2,180 RSUs at $0.00 and 23,529 option-based derivative shares at $0.00.
• Vesting: 75% vested on 2026-03-31; remaining 25% vests on 2026-06-30, contingent on continued service (Footnotes F1 and F2).
• Shares owned after transaction: Not specified in the provided filing details.
• Filing type: Grant/award — not a purchase or sale; no cashless exercise or tax-withholding noted in the provided footnotes.

Context

These entries are grants under the company's 2022 Equity Incentive Plan. Awards and option grants are standard compensation for directors and do not by themselves indicate buying or selling sentiment in the open market. The Form 4 shows the awards as acquisitions at $0.00 because they were granted, not purchased; the option grant is a derivative award (not an exercised option).