Company: SLNH
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023503
Chunk: 62

Company: Soluna Holdings, Inc
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 62
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 2024. The Company may enter into additional transactions with HEL in the future

12.
Stock Based Compensation

The
Company currently issues awards under the Soluna Holdings, Inc. Third Amended and Restated 2021 Stock Incentive Plan, as amended (the
“2021 Plan”), and the Soluna Holdings, Inc. Amended and Restated 2023 Stock Incentive Plan, as amended (the “2023 Plan”).
There were no amendments to the 2021 Plan or the 2023 Plan during the three and nine months ended September 30, 2025. For further details
regarding our stock-based compensation plans and the methods and assumptions used in the determination of the fair value of stock-based
awards, refer to our Annual Report on Form 10-K filed with the SEC on March 31, 2025.

During
the three months ended September 30, 2025, the Company did not grant any awards under the 2021 Plan.

During
the three months ended September 30, 2025, the Company awarded the following under the 2023 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 
     2,751,078  
    $0.47 

1,618,805
of the restricted stock awards vest at separation from the Company and 1,132,273
of the restricted stock awards vest 33%
on September 1, 2026, 33%
on September 1, 2027 and 34%
on September 1, 2028.

During
the nine months ended September 30, 2025, the Company awarded the following under the 2021 Plan:

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

    Restricted Stock Awards –
    Common Stock 
     2,140,683  
    $0.64 
  
    Restricted Stock Units
    – Common Stock 
     32,000  
    $0.63 

     2,172,683  

During
the nine months ended September 30, 2025, the Company awarded the following under the 2023 Plan:

    Award Type 
    Number
    of Awards  
    Fair
    Value