Company: SLNH
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001756
Chunk: 1539

Company: Soluna Holdings, Inc
Filing Date: 2025-03-31
Form: 10-K
Item: Item 5
Chunk 1539
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16(a) of the Exchange Act requires our directors, executive officers and persons who beneficially own more than 10% of our outstanding
common shares to file reports with the SEC regarding their share ownership and changes in their ownership of our common shares. Based
on our records and representations from our directors and executive officers, we believe that all Section 16(a) filing requirements applicable
to our directors and executive officers were complied with during the fiscal year ended December 31, 2024, except for the following:
due to administrative error, Mr. Lipman and Mr. Toporek failed to timely file Form 4s on October 31, 2024, to report the disposition
of 8,000 shares of Common Stock, on November 1, 2024, to report the disposition of 31,300 shares of Common Stock, and on November 4,
2024, to report the disposition of 20,600 shares of Common Stock.

69

Item
11. Executive Compensation

Compensation
Philosophy

The
primary objectives of our compensation policies are to attract, retain, motivate, develop, and reward our\ management team for executing
our strategic business plan, thereby enhancing stockholder value, while recognizing and rewarding individual and Company performance.
These compensation policies include: (i) an overall management compensation program that is competitive with companies of similar size
or within our industries and (ii) long-term incentive compensation in the form of stock-based compensation that is aimed towards encouraging
management to continue to focus on stockholder returns. Our executive compensation program ties a substantial portion of our executives’
overall compensation to key strategic, financial, and operational goals, including: establishing and maintaining customer relationships;
meeting revenue targets and profit and expense targets; growing our assets under management; evolving our AI business; and improving
operational efficiency.

We
believe that potential equity ownership in the Company is important to provide executive officers with incentives to build value for
our stockholders. We believe that equity awards provide executives with a strong link to our short-term and long-term performance while
creating an ownership culture to maintain the alignment of interests between our executives and our stockholders. When implemented responsibly,
we also believe these equity incentives can function as a powerful executive retention tool.

The
Compensation Committee of the Board, consisting entirely of independent directors, administers our compensation plans and policies, including
the establishment of policies that govern base salary as well as short-term and long-term incentives for our executive management team.