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

Role
Chief Accounting Officer
Signature
/s/ Christopher Gandolfo, Attorney in Fact
Issuer symbol
SLNH
Transactions as of
15 Apr 2024
Net transactions value
$0
Form type
4
Filing time
17 Apr 2024, 20:31:01 UTC
Previous filing
13 Dec 2023
Next filing
05 Jun 2024
SEC
View on sec.gov

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 +10,000 $0.000000 10,000 15 Apr 2024 Direct F1
transaction SLNH Common Stock Award $0 +11,765 +452% $0.000000 14,365 15 Apr 2024 Direct F2
* 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 10,000 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 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.
F2 Transaction reported is a grant of 11,765 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.

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.