Company: SLNH
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001756
Chunk: 2894

Company: Soluna Holdings, Inc
Filing Date: 2025-03-31
Form: 10-K
Item: Item 9C
Chunk 2894
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 to 50% of the base salary as well as severance and other standard employment
benefits (ii) an equity award in the form of restricted common stock under incentive equity plans maintained by the Company on the Company’s
standard form award agreements with a reference percentage of 2% and (iii) an equity award in the form of restricted preferred stock
under incentive equity plans maintained by the Company on the Company’s standard form award agreements for 25,000 shares.

Long-Term
Equity Incentive Compensation

Equity
awards typically take the form of stock options, restricted stock grants, or restricted stock units under our equity compensation plans.
Authority to make equity awards to executive officers rests with the Compensation Committee. In determining the size of awards for new
or current executives, the Compensation Committee consider the competitive market, strategic plan performance, contribution to future
initiatives, benchmarking of comparative equity ownership for executives in comparable positions at similar companies, individual option
history, and recommendations of our Chief Executive Officer and Chairman.

The
timing of all equity awards for our named executive officers have coincided with either employment anniversary dates or our annual meeting
dates, or such equity awards are granted at the next scheduled meeting of the Compensation Committee following the completion or assignment
of the applicable objectives. We do not time equity grants to our executives in coordination with the release of material non-public
information, nor do we impose any equity ownership guidelines on our executives.

72

Outstanding
Equity Awards at Fiscal Year End

The
following table provides information as to equity awards granted by the Company and held by John Belizaire, John Tunison and Michael
Toporek, outstanding as of December 31, 2024.

    Option Awards  
    Stock Awards 
  
    Name 
    Number of Securities Underlying Unexercised Options (#) Exercisable  
    Number of Securities Underlying Unexercised Options (#) Unexercisable  
    Equity incentive plan awards: Number of securities underlying unexercised unearned options (#)  
    Option Exercise Price ($)  
    Option Expiration Date  
    Number of shares or units of stock that have not vested (#)  
    Market value of shares or units of stock that have not vested ($)  
    Equity incentive plan awards: Number of unearned shares, units or other rights that have not vested (#)  
    Equity incentive plan awards: Market or payout value of unearned shares, units or other