Lee Michel Kai Tai 4

What Happened

• Lee Michel Kai Tai, a director of Solana Co (HSDT), was granted two equity awards on 2026-05-21: 6,360 restricted stock units (RSUs) and a stock option covering 18,564 shares. Both awards were reported as acquired at $0.00 (i.e., granted rather than purchased), with no immediate cash exchanged.

Key Details

• Transaction date: 2026-05-21; Form 4 filed: 2026-05-26 (filed 5 days after the transaction).
• RSUs: 6,360 shares granted (reported price $0.00); vesting: 12 equal monthly installments, fully vested on the one-year anniversary, subject to continued service (Footnote F1).
• Options: 18,564-share option grant (reported as derivative, price $0.00 on the form); options vest in 12 equal monthly installments, fully vested on the one-year anniversary, subject to continued service (Footnote F2).
• Shares owned after the transaction: not specified in this filing.
• Filing timeliness: filed 5 days after the grant date, which exceeds the typical 2-business-day Form 4 deadline and reduces timely public visibility of the award.

Context

• These are grant-type awards (not open-market purchases or sales). RSUs convert to shares only as they vest; options give the holder the right to buy shares according to the option terms once vested. Neither award indicates an immediate sale or cashless exercise. Grants to insiders are common for compensation and do not by themselves signal a vote of confidence or lack thereof in the company’s stock price.