SEC Form 4 · accession 0002086128-26-000005
Solana Co · HSDT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Cosmo Yi Jiang
Director
Period of report
Jun 2, 2026
Accepted (ET)
Jun 4, 2026 · 8:12 pm EDT
Rule 10b5-1 plan
box not checked
Issuer CIK
0001610853
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Jun 2, 2026 | M | 1,005,040 | $0.001 | A | 1,005,040 | D | |
| Common Stock | Jun 2, 2026 | F | 610 | $1.65 | D | 1,004,430 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Warrant (Right to Buy)F2 | $0.001 | Jun 2, 2026 | M | 1,005,040 | D | — | Sep 18, 2030 | Common Stock | 1,005,040 | 1,005,040 | D |
Explanation of responses
- F1This transaction reported represents the withholding of shares by the Issuer to satisfy the cashless exercise by the Reporting Person in connection with the exercise of the warrant reported on Table II herein.
- F2The warrant initially contained a vesting schedule as was more fully described in the Reporting Person's Form 4 filed with the Securities and Exchange Commission on June 4, 2026 (the "Original Vesting Schedule"). Notwithstanding the Original Vesting Schedule reported therein, such Original Vesting Schedule was accelerated in full at the election of the Reporting Person, such that the shares underlying the warrant became fully vested and the warrant immediately exercisable as of May 3, 2026.