Company: SLNH
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001756
Chunk: 673

Company: Soluna Holdings, Inc
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1B
Chunk 673
---
 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
weighted average fair value price for the Company’s restricted stock activity for the Plans is as follows for each of the years
ended December 31:

Summary
of Weighted Average Fair Value Price Restricted Stock Activity  

    2024  
    2023 
  
    Restricted stock, beginning 
    $222.39  
    $208.83 
  
    Granted 
    $2.86  
    $7.47 
  
    Exercised 
    $6.90  
    $107.84 
  
    Forfeited/ expired 
    $28.00  
    $112.55 
  
    Restricted stock, ending 
    $3.06  
    $222.39