Company: SLNH
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001756
Chunk: 2572

Company: Soluna Holdings, Inc
Filing Date: 2025-03-31
Form: 10-K
Item: Item 9A
Chunk 2572
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    (1)
    Represents
    the grant date fair value in accordance with Financial Accounting Standards Board Accounting Standards Codification Topic 718 of
    the grants during each year presented. The value was determined by using the grant date fair value per award multiplied by the shares
    granted, as per the grant date.

    (2)
    Represents
    the Company’s 401K match for the executive employees named.

    (3)
    Effective
    May 1, 2023, Mr. Belizaire was appointed as Chief Executive Officer of Soluna Holdings, Inc.

    (4)
    Mr.
    Belizaire was granted 141,176 restricted stock awards of common stock on April 15, 2024, 100,000 restricted Series A preferred stock
    awards on April 15, 2024, 21,361 restricted stock awards on June 1, 2024, 170,800 restricted stock awards on September 1, 2024, and
    153,745 restricted stock awards on December 1, 2024.

    (5)
    The
    Company has appointed John Tunison to serve as the Chief Financial Officer and Treasurer of the Company, effective April 8, 2024,
    with employment commencing on March 29, 2024.

    (6)
    Mr.
    Tunison was granted 47,059 restricted stock awards of common stock on April 15, 2024, 25,000 restricted Series A preferred stock
    awards on April 15, 2024, 6,852 restricted stock awards on June 1, 2024, 52,845 restricted stock awards on September 1, 2024, and
    49,315 restricted stock awards on December 1, 2024.

    (7)
    Effective
    May 1, 2023, Mr. Toporek resigned as Chief Executive Officer of Soluna Holdings, Inc. and was appointed Executive Chairman of the
    Board.

    (8)
    Mr.
    Toporek was granted 317,647 restricted stock awards of common stock on April 15, 2024, 1,244,969 restricted Series A preferred stock
    awards on April 15, 2024, 51,464 restricted stock awards on June 1, 2024, 439,706 restricted stock awards on September 1, 2024, and