Company: SLNH
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001756
Chunk: 1654

Company: Soluna Holdings, Inc
Filing Date: 2025-03-31
Form: 10-K
Item: Item 5
Chunk 1654
---
-up, recapitalization, reclassification, reorganization, combination or exchange of shares, merger,
consolidation, liquidation, business combination, exchange of shares or the like. Under the 2014 Plan, the Board-appointed administrator
of the 2014 Plan is authorized to issue stock options (incentive and nonqualified), stock appreciation rights, restricted stock, restricted
stock units, phantom stock, performance awards and other stock-based awards to employees, officers and directors of, and other individuals
providing bona fide services to or for, the Company or any affiliate of the Company. Incentive stock options may only be granted to employees
of the Company and its subsidiaries.

2012
Plan

The
2012 Plan was adopted by the Company’s Board of Directors on April 14, 2012, and approved by its stockholders on June 14, 2012.
The 2012 Plan was amended and restated by the Board of Directors effective October 20, 2016. The October 2016 amendment allowed for the
award agreement, or another agreement entered into between the Company and the award grantee to vary the method of exercise of options
issued under the 2012 Plan and an agreement entered into between the Company and the award grantee to vary the provisions governing expiration
of options or other awards under the 2012 Plan following termination of the award recipient. The 2012 Plan provides an initial aggregate
number of 600,000 shares of common stock that may be awarded or issued. The number of shares that may be awarded under the 2012 Plan
and awards outstanding may be subject to adjustment on account of any recapitalization, reclassification, stock split, reverse stock
split and other dilutive changes in our common stock. Under the 2012 Plan, the Board of Directors is authorized to issue stock options
(incentive and nonqualified), stock appreciation rights, restricted stock, restricted stock units and other stock-based awards to employees,
officers, directors, consultants and advisors of the Company and its subsidiaries. Incentive stock options may only be granted to employees
of the Company and its subsidiaries.

During
the year ended December 31, 2024, the Company awarded the following under the 2021 Plan:

Schedule
of Restricted Stock Share Based Compensation 

    Award Type 
    Number of Awards  
    Fair Value/Closing
 Market Price at Grant 

    Restricted Stock Awards – Common Stock 
     391