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

Role
Chief Accounting Officer
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, 08:31 PM
Previous filing
Dec 13, 2023
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 +10K $0.00 10K Apr 15, 2024 Direct F1
transaction SLNH Common Stock Award $0 +11.8K +452.5% $0.00 14.4K Apr 15, 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.