Company: HSDTW
Filing Date: 2025-10-02
Form Type: PRE 14A
Source: 0001104659-25-096093
Chunk: 35

Company: Solana Co
Filing Date: 2025-10-02
Form: PRE 14A
Chunk 35
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 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 in addition to a cash payment equal to $50,000 minus the Black Scholes calculation of the value of the stock options on the grant date. The following table shows certain information with respect to the compensation of all non-employee directors of the Company for the fiscal year ended December 31, 2024.

| Name               | ​ | ​ | Fees earned orpaid in cash($) |   |        |   | ​ | ​ | OptionAwards($)(5) |   |        |   | ​ | ​ | StockAwards($)(5) |