David C. Michaels - Nov 22, 2022 Form 4 Insider Report for Soluna Holdings, Inc (SLNH)

Role: Director
Signature: /s/ Christopher Gandolfo, Attorney in Fact
Stock symbol: SLNH
Transactions as of: Nov 22, 2022
Transactions value $: $0
Form type: 4
Date filed: 11/23/2022, 04:28 PM
Previous filing: Aug 22, 2022
Next filing: Dec 15, 2023

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	SLNH	Stock Options (Right to Buy)	Award	$0	+78.1K	+112.25%	$0.00	148K	Nov 22, 2022	Common Stock	78.1K	$0.95	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The stock options were received as compensation for their services on the Board of Directors in lieu of quarterly cash payments for September 30, 2022 and December 31, 2022. The options become exercisable in two equal installments, 50% immediately and 50% on December 31, 2022. The stock options expire five years from the grant date. The exercise price is based on a 25% premium on the closing price of SLNH common stock as of 11/22/2022.

Content

The stock options were received as compensation for their services on the Board of Directors in lieu of quarterly cash payments for September 30, 2022 and December 31, 2022. The options become exercisable in two equal installments, 50% immediately and 50% on December 31, 2022. The stock options expire five years from the grant date. The exercise price is based on a 25% premium on the closing price of SLNH common stock as of 11/22/2022.