Company: SLNH
Filing Date: 2025-02-03
Form Type: S-1/A
Source: 0001493152-25-004555
Chunk: 237

Company: Soluna Holdings, Inc
Filing Date: 2025-02-03
Form: S-1/A
Chunk 237
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:----|:---------|-------:|
| $17.50-$30.00  |     |        | 25,409 |     |                  | 3.88 |     | $              |  23.72 |     |             | 25,159 |     |                  | 3.85 |     | $        |  23.78 |
| $30.01-188.00  |     |        | 26,384 |     |                  | 4.64 |     | $              | 175.11 |     |             | 19,717 |     |                  | 4.39 |     | $        | 176.50 |
| $188.01-277.50 |     |        |    600 |     |                  | 7.23 |     | $              | 277.50 |     |             |    400 |     |                  | 7.23 |     | $        | 277.50 |
|                |     |        | 52,393 |     |                  | 4.30 |     | $              | 102.86 |     |             | 45,276 |     |                  | 4.12 |     | $        |  92.53 |

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 $ 0for the Company’s outstanding options and $ 0for the exercisable options as of December 31, 2023. The amounts are based on the Company’s closing stock price of $ 4.00as of December 29, 2023.

| F-38 |

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

Summary of Non Vested Restricted Stock

|                                                          |     | 2023 |         |   |     | 2022 |        |   |
| Non-vested restricted stock balance, beginning January 1 |     |      |  33,221 |   |     |      | 16,213 |   |
| Non-vested restricted stock granted                      |     |      |  20,000 |   |     |      | 29,017 |   |
| Vested restricted stock                                  |     |      |       — |   |     |      |      — |   |
| Non-vested restricted stock exercised