Sharps Technology Inc. 8-K

What Happened
Sharps Technology, Inc. (STSS) filed an 8-K on December 23, 2025, reporting that Independent Director Annemarie Tierney resigned from the Board and from the Audit and Compensation Committees effective December 19, 2025. Ms. Tierney raised concerns with management about potential conflicts of interest and related‑party transactions involving Sol Edge Limited (the Company’s Consultant) and Sol Markets (the Company’s Strategic Advisor). The filing discloses that both entities are related parties, each wholly owned and controlled by James Zhang, the brother of Alice Zhang, Sharps’ Chief Investment Officer and director. The filing also notes that Alice Zhang, Executive Chairman Paul Danner, and Chief Financial Officer Andrew Crescenzo will serve on the Company’s Treasury Oversight Committee, which oversees the Consultant and Strategic Advisor and their roles in the Company’s digital asset treasury strategy. The filing states Ms. Zhang’s husband, Jason Hu, is a senior member of the Consultant team that manages the Company’s digital assets. Ms. Tierney was provided the disclosures in this filing and may submit a letter stating whether she agrees with the statements; any such letter will be filed as an exhibit within three business days of receipt.

Key Details

• Resignation effective date: December 19, 2025; Ms. Tierney left the Board and the Audit and Compensation Committees.
• Related parties: Sol Edge Limited (Consultant) and Sol Markets (Strategic Advisor) are wholly owned and controlled by James Zhang (brother of CIO Alice Zhang).
• Governance oversight: Alice Zhang, Paul Danner (Executive Chairman), and Andrew Crescenzo (CFO) will sit on the Treasury Oversight Committee that directly oversees the Consultant and Strategic Advisor.
• Digital asset role: The Consultant and Strategic Advisor will materially influence the Company’s digital asset treasury strategy; Jason Hu (Alice Zhang’s husband) is a senior member of the Consultant team managing those assets.

Why It Matters
A director’s resignation citing concerns about related‑party transactions and conflicts of interest is a governance red flag investors watch closely. The filing confirms close family and management ties between the Company’s CIO and the third parties advising and managing its digital asset treasury, and that senior officers will sit on the committee overseeing those advisors. Investors should monitor for further disclosures (including any letter from Ms. Tierney), changes to oversight or committee membership, and any additional detail about the Company’s related‑party arrangements and controls over its digital asset holdings.