Company: SLNH
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001756
Chunk: 231

Company: Soluna Holdings, Inc
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 231
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/canceled 
    $108.13  
    $- 
  
    Shares under option, ending 
    $23.04  
    $102.86 
  
    Options exercisable, ending 
    $23.04  
    $92.53 

The
following table summarizes information for options outstanding and exercisable for the Plans as of December 31, 2024:

Summary
of Option Outstanding and Exercisable  

    Outstanding 
    Exercisable 

    Weighted Average  
    Weighted  
       
    Weighted Average  
    Weighted 

    Remaining  
    Average  
       
    Remaining  
    Average 
  
    Exercise Price Range 
    Number  
    Contractual Life  
    Exercise Price  
    Number  
    Contractual Life  
    Exercise Price 
  
    $ 17.50-$30.00 
     3,245  
     3.42  
    $23.04  
     3,245  
     3.42  
    $23.04 

The
aggregate intrinsic value (i.e., the difference between the closing stock price and the price to be paid by the option holder to exercise
the option) is $0 for the Company’s outstanding options and $0 for the exercisable options as of December 31, 2024. The amounts
are based on the Company’s closing stock price of $2.10 as of December 31, 2024.

Non-vested
restricted stock activity is as follows for the year ended December 31:

Summary
of Non Vested Restricted Stock  

    2024  
    2023 
  
    Non-vested restricted stock balance, beginning January 1 
     11,503  
     33,221 
  
    Non-vested restricted stock granted 
     5,589,859  
     20,000 
  
    Vested restricted stock 
     —  
     — 
  
    Non-vested restricted stock exercised 
     (361,069) 
     (35,336)
  
    Non-vested restricted stock forfeited/expired 
     (40) 
     (6,382 
  
    Non-vested restricted stock balance, ending December 31 
     5,240,253  
     11,503 

The