Company: SLNH
Filing Date: 2025-01-15
Form Type: S-1/A
Source: 0001493152-25-002391
Chunk: 115

Company: Soluna Holdings, Inc
Filing Date: 2025-01-15
Form: S-1/A
Chunk 115
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 the issuer on each such vesting date. Also includes 48,769 restricted stock awards representing shares         
 of Common Stock, which will vest 33% on September 1, 2025, 33% on September 1, 2026, and 34% on September 1, 2027, in each case subject    
 to the reporting person remaining in the service of the Company on each such vesting date. Also includes 49,315 restricted stock           
 awards representing shares of Common Stock, which will vest 33% on December 1, 2025, 33% on December 1, 2026, and 34% on December          
 1, 2027, in each case subject to the reporting person remaining in the service of the Company on each such vesting date                    |

| 70 |

| (6)  | Includes                                                                                                                                   
 246 restricted stock units representing shares of Common Stock, which shall vest on January 14, 2025, which is within 60 days of           
 December 31, 2024, subject to Mr. Lipman remaining in the service of the Company on such vesting date. Includes 246 restricted stock       
 units representing shares of Common Stock, which shall vest on January 26, 2025, which is within 60 days of December 31, 2024, subject     
 to Mr. Lipman remaining in the service of the Company on such vesting date. Includes 300 shares of Common Stock issuable to Mr. Lipman     
 upon exercise of stock options exercisable within 60 days of December 31, 2024. Includes 116,473 restricted stock awards representing      
 shares of Common Stock, which will vest 100% upon the reporting person’s separation from the Company.                                      |
| (7)  | Includes                                                                                                                                   
 726 restricted stock units representing shares of Common Stock, which shall vest on January 14, 2025, which is within 60 days of           
 December 31, 2024, subject to Mr. Phelan remaining in the service of the Company on each such vesting date. Includes 246 restricted        
 stock units representing shares of Common Stock, which shall vest on January 26, 2025, which is within 60 days of December 31, 2024,       
 subject to Mr. Phelan remaining in the service of the Company on each such vesting date. Includes 250 shares of Common Stock issuable      
 to Mr. Ph