Company: HSDTW
Filing Date: 2025-03-14
Form Type: PRE 14A
Source: 0001558370-25-003007
Chunk: 38

Company: Solana Co
Filing Date: 2025-03-14
Form: PRE 14A
Chunk 38
---
 shares subject to the option have vested. |

22

| (13) | This option was granted on September 13, 2022 and shall vest in 12 successive equal quarterly installments on the last day of each fiscal quarter beginning on September 30, 2022. |

| (14) | This option was granted on February 14, 2023 and shall vest in 12 successive equal quarterly installments on the last day of each fiscal quarter beginning on March 31, 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:

| ​                                       
 ​                                       
 ​                                       
 ​                                       
 ​                                       | ​ 
 ​ 
 ​ 
 ​ | ​         
 ​         
 ​         
 Audit     
 Committee |      ​ 
      ​ 
      ​ | ​ 
 ​ 
 ​ 
 ​ | ​            
 ​            
 ​            
 Compensation 
 Committee    |      ​ 
      ​ 
      ​ | ​ 
 ​ 
 ​ 
 ​ | ​              
 Nominating and 
 Corporate      
 Governance     
 Committee      |     ​ |
|:----------------------------------------|:--|:----------|-------:|:--|:-------------|-------:|:--|:---------------|------:|
| 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