Company: SLNH
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001756
Chunk: 1068

Company: Soluna Holdings, Inc
Filing Date: 2025-03-31
Form: 10-K
Item: Item 2
Chunk 1068
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33 

During
the year ended December 31, 2024, the Company awarded the following under the 2023 Plan:

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

    Restricted Stock Awards – Common Stock 
     610,234  
    $1.52 
  
    Restricted Stock Awards – Common Stock 
     57,255  
    $2.41 
  
    Restricted Stock Awards – Common Stock 
     645,795  
    $3.96 
  
    Restricted Stock Awards – Common Stock 
     1,065,101  
    $3.42 

     2,378,385  

38,153
of the restricted stock awards vested immediately, 3,302,485 of the restricted stock awards vest at separation from the Company, 690,223
of the restricted stock awards vest 33% on June 1, 2024, 33% on June 1, 2025 and 34% on June 1, 2026, 334,289 of the restricted stock
awards vest 33% on June 1, 2025, 33% on June 1, 2026 and 34% on June 1, 2027, 14,505 of the restricted stock awards vest on June 1, 2025,
14,894 of the restricted stock award vest on June 1, 2026, 1,710 of the restricted stock awards vest on June 1, 2027, 462,212 of the
restricted stock awards vest 33% on September 1, 2025, 33% on September 1 , 2026 and 34% on September 1, 2027, 264,000 of the restricted
stock awards vest 33% on December 1, 2024, 33% on December 1 , 2025 and 34% on December 1, 2026, and 467,388 of the restricted stock
awards vest 33% on December 1, 2025, 33% on December 1 , 2026 and 34% on December 1, 2027.

On
April 15, 2024, a modification related to the cancellation of 48,547
underwater stock options was granted to eight board members. The options were replaced with new