Company: SLNH
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001756
Chunk: 1741

Company: Soluna Holdings, Inc
Filing Date: 2025-03-31
Form: 10-K
Item: Item 6
Chunk 1741
---
537 
  
    William Hazelip 
     20,000  
     413,537(4) 
     -  
     433,537 
  
    Edward R. Hirshfield 
     20,000  
     413,537(5) 
     -  
     433,537 
  
    Matthew E. Lipman 
     35,000  
     413,537(6) 
     -  
     448,537 
  
    Thomas J. Marusak 
     35,000  
     538,898(7) 
     -  
     573,898 
  
    David C. Michaels 
     14,583  
     538,898(8) 
     -  
     553,481 
  
    William P. Phelan 
     60,000  
     929,519(9) 
     -  
     989,519 

73

  (1)
  Represents the aggregate grant date fair value for grants made
in 2024 computed in accordance with FASB ASC Topic 718. This calculation does not give effect to any estimate of forfeitures related
to service-based vesting, but assumes that the director will perform the requisite service for the award to vest in full.

    (2)
    There
    were no stock options granted to the members of the Board for the fiscal year ended December 31, 2024. The aggregate number of shares
    of Common Stock underlying stock options outstanding as of December 31, 2024 held by each of Mr. Hirshfield and Mr. Lipman was 300,
    the aggregate number of shares of Common Stock underlying stock options outstanding as of December 31, 2024 held by Mr. Marusak was
    125, the aggregate number of shares of Common Stock underlying stock options outstanding as of December 31, 2024 held by Mr. Michaels
    was 1,200 and the aggregate number of shares of Common Stock underlying stock options outstanding as of December 31, 2024 held by
    Mr. Phelan was 250. Each of Mr. Bottomley and Mr. Hazelip did not hold any stock options as of December 31, 2024.

    (3)
    Mr.
    Bottomley was granted 35,294 restricted stock awards of common stock on April 15