Company: SLNH
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001756
Chunk: 1464

Company: Soluna Holdings, Inc
Filing Date: 2025-03-31
Form: 10-K
Item: Item 4
Chunk 1464
---
 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 

     F-35 

As
of December 31, 2024 and 2023, there was approximately $10.9 million and $1.4 million, respectively of unrecognized compensation cost
related to restricted stock plans. This cost is expected to be recognized over a weighted-average remaining period of 1.44 years and
0.60 years, respectively.

Stock
Warrants:

The
following is a summary of common stock warrant activity during the year ended December 31, 2024.

Summary
of Common Stock Warrant Activity 

    Number of  Warrant  Shares  
    Weighted  Average  Exercise Price ($) 
  
    Balance, December 31, 2023 
     1,148,269  
    $24.21 
  
    Granted 
     3,402,972  
     2.47 
  
    Exercised 
     (1,721,443) 
     1.36