Thomas J. Marusak - Apr 15, 2024 Form 4 Insider Report for Soluna Holdings, Inc (SLNH)

Role
Director
Signature
/s/ Christopher Gandolfo, Attorney in Fact
Stock symbol
SLNH
Transactions as of
Apr 15, 2024
Transactions value $
$0
Form type
4
Date filed
4/17/2024, 08:30 PM
Previous filing
Nov 23, 2022
Next filing
Jun 5, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SLNH 9.0% Series A Cumulative Perpetual Preferred Stock Award $0 +53K $0.00 53K Apr 15, 2024 Direct F1
transaction SLNH Common Stock Award $0 +41.2K +392.3% $0.00 51.7K Apr 15, 2024 Direct F2

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) Disposed to Issuer -1.06K -100% 0 Apr 15, 2024 Common Stock 1.06K $188.00 Direct F3, F4
transaction SLNH Stock Options (Right to Buy) Disposed to Issuer -3.13K -100% 0 Apr 15, 2024 Common Stock 3.13K $23.75 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Transaction reported is a grant of 52,977 restricted stock awards representing shares of Series A Cumulative Perpetual Preferred Stock, par value $0.001 per share, of the issuer ("Preferred Stock"), which were approved by the Compensation Committee. The shares of Preferred Stock will vest 100% upon the reporting person's separation from the issuer.
F2 Transaction reported is a grant of 41,176 restricted stock awards representing shares of Common Stock, which were approved by the Compensation Committee. The shares of Common Stock will vest 33% on June 1, 2024, 33% on June 1, 2025, and 34% on June 1, 2026, in each case subject to the reporting person remaining in the service of the issuer on each such vesting date.
F3 All shares of Common Stock subject to this stock option were vested and exercisable on the date of cancellation.
F4 On April 15, 2024, the stock options were cancelled by mutual agreement of the reporting person and the issuer.

Remarks:

On October 13, 2023, the issuer effected a reverse stock split (the "Reverse Stock Split") of outstanding shares of its common stock, par value $0.001 per share ("Common Stock"), pursuant to which every 25 shares of Common Stock were automatically reclassified into one new share of Common Stock. Proportionate adjustments were made to the issuer's outstanding equity awards as well as the exercise, grant and acquisition prices of such equity awards, as applicable. Accordingly, all amounts of securities reported on this Form 4 have been adjusted to reflect the Reverse Stock Split.