Company: HSDTW
Filing Date: 2025-10-14
Form Type: DEF 14A
Source: 0001104659-25-098889
Chunk: 35

Company: Solana Co
Filing Date: 2025-10-14
Form: DEF 14A
Chunk 35
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, 2023. (15) These options were granted on July 2, 2024. 62.5% of the shares were fully vested as of the grant date and the remainder shall vest in 10 successive equal quarterly installments on the last day of each fiscal quarter beginning on September 30, 2024. Non-Employee Director Compensation The Company maintains a non-employee director compensation policy, effective as of April 1, 2021, pursuant to which all of our non-employee directors receive an annual cash retainer of $35,000 for Board service except for the Chairman of the Board who receives an annual cash retainer of $68,000. In addition, directors receive an additional cash retainer for serving as a committee chair or member as follows:

| ​                                       | ​ | ​ | AuditCommittee |   |        |   | ​ | ​ | CompensationCommittee |   |        |   | ​ | ​ | Nominatingand CorporateGovernanceCommittee |   |       |   | ​ |
|:----------------------------------------|:--|:--|:---------------|:--|-------:|:--|:--|:--|:----------------------|:--|-------:|:--|:--|:--|:-------------------------------------------|:--|------:|:--|:--|
| Committee Chair                         | ​ | ​ | ​              | $ | 16,000 | ​ | ​ | ​ | ​                     | $ | 10,000 | ​ | ​ | ​ | ​                                          | $ | 7,500 | ​ | ​ |
| Committee Member (other than the Chair) | ​ | ​ | ​              | $ |  8,000 | ​ | ​ | ​ | ​                     | $ |  5,000 | ​ | ​ | ​ | ​                                          | $ | 5,000 | ​ | ​ |

Further, each director receives an annual equity retainer with a target value of approximately $50,000. The equity retainer is paid 70% in options to purchase shares of our Common Stock, which vest in increments of 1/12 per month and 30% in restricted stock units (“ RSUs ”), which vest in increments of 1/12 per month. We also reimburse non-employee directors for reasonable expenses incurred in connection with attending Board and committee meetings. In 2024, in lieu of RSUs, our Board was granted an equivalent amount of stock options