Company: SLNH
Filing Date: 2025-07-21
Form Type: DEF 14A
Source: 0001641172-25-020351
Chunk: 28

Company: Soluna Holdings, Inc
Filing Date: 2025-07-21
Form: DEF 14A
Chunk 28
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 |     |                                                      | - |     |                                                            | - |     |                                                                                                  | 2,424,188 |     |                                                                                                                  | 13,681,081 |

| 17 |

<div align='center'>DIRECTOR COMPENSATION</div>

On May 15, 2023, the Board’s Compensation Committee authorized non-employee directors to receive cash compensation, as follows: (i) $20,000 per annum to each non-employee director of the Board, an additional (ii) $15,000 per annum to each director then serving as a chairperson of the Audit Committee or the Compensation Committee of the Board, an additional (iii) $10,000 per annum for the Lead Independent Director of the Board, and an additional (iv) $15,000 per annum to each member of the Executive Committee. Future director compensation will be determined by the Compensation Committee. Directors who are also our employees, in particular Mr. Toporek, Mr. Belizaire, and partially Mr. Michaels for his time served as Interim CFO, are not compensated for serving on the Board. There were no changes for the fiscal year 2024.

The following table details the total compensation of the Company’s non-employee directors for the fiscal year ended December 31, 2024.

| Director      
 Name          |     | Year |      |     | Cash Compensation |        |     | Stock Awards(1) |         |    |     | Stock            
 Option Awards(2) |     | Total |         |
|:--------------|:----|:-----|-----:|:----|:------------------|-------:|:----|:----------------|--------:|---:|:----|:-----------------|:----|:------|--------:|
|               |     |      |      |     |                   |      $ |     |                 |       $ |    |     | $                |     |       |       $ |
| John          
 Bottomley     |     |      | 2024 |     |                   | 35,000 |     |                 | 413,537 | -3 |     |                  |     |       | 448,537 |
| William       
 Hazelip       |     |      | 2024 |     |                   | 20,000 |     |                 | 413,537 | -4 |     |                  |     |       | 433,537 |
| Edward        
 R. Hirshfield |     |