Solana Co CEO Chee Choon Wee Receives 923,000-Share Option Award

What Happened
Chee Choon Wee, CEO, President and a director of Solana Co (HSDT), was granted a derivative award of 923,000 stock options on 2026-07-31. The transaction is reported as an award/grant (code A) with an acquisition price of $0.00 (derivative). This is a grant of options under the company's 2022 Equity Incentive Plan rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-07-31 (Filed with the SEC 2026-08-04). Filing appears later than the typical 2-business-day Form 4 deadline.
• Transaction type: Grant / Award of stock options (Form 4 code A).
• Amount: 923,000 options; reported acquisition price $0.00 (derivative).
• Vesting: 50% of options vest immediately; remaining 50% vest in four equal quarterly installments on the last day of each quarter starting Oct 31, 2026, fully vesting on the one-year anniversary of the grant, subject to continued service (see footnote).
• Shares owned after transaction: not specified in the provided filing summary.

Context
These are stock option awards (not an outright stock purchase). Because half of the options vest immediately, a portion may be exercisable right away; the remainder vests over the next year if the CEO remains employed. Option grants are a common form of executive compensation and do not by themselves indicate buying or selling of stock.