Soluna CFO granted 1.28M RSUs on Form 3
Soluna Holdings, Inc. reported an initial equity position for its Chief Financial Officer, Michael Picchi, on a Form 3.
Accepted by SEC EDGAR
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Form Type
3
Rhea-AI Filing Summary
Soluna Holdings, Inc. reported an initial equity position for its Chief Financial Officer, Michael Picchi, on a Form 3. The filing shows direct ownership of 1,281,250 shares of Common Stock, represented by a grant of restricted stock units approved by the Compensation Committee.
The 1,281,250 restricted stock units are scheduled to vest over three years: 33% on March 9, 2027, 33% on March 9, 2028, and 34% on March 9, 2029, if he remains in service with the company on each vesting date.
Insider Trade Summary
Holdings reported, no transactions
Holdings
Insider
PICCHI MICHAEL
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Holding | Common Stock | -- | -- | -- |
Holdings:
Common Stock — 1,281,250 shares (Direct)
Footnotes (1)
- F1. Transaction reported is a grant of 1,281,250 restricted stock units representing shares of Common Stock, par value $0.001 per share, of the issuer ("Common Stock"), which were approved by the Compensation Committee. The shares of Common Stock will vest 33% on March 9, 2027, 33% on March 9, 2028, and 34% on March 9, 2029, in each case subject to the reporting person remaining in the service of the issuer on each such vesting date.
Key Figures
RSU grant size: 1,281,250 restricted stock units
Shares following transaction: 1,281,250 shares
First vesting tranche: 33% of 1,281,250 RSUs
+2 more
5 metrics
RSU grant size
1,281,250 restricted stock units
Grant to CFO representing shares of Common Stock
Shares following transaction
1,281,250 shares
Total Common Stock directly owned after reported grant
First vesting tranche
33% of 1,281,250 RSUs
Scheduled to vest on March 9, 2027, subject to service
Second vesting tranche
33% of 1,281,250 RSUs
Scheduled to vest on March 9, 2028, subject to service
Final vesting tranche
34% of 1,281,250 RSUs
Scheduled to vest on March 9, 2029, subject to service
Key Terms
restricted stock units, Compensation Committee, vest
3 terms
restricted stock units financial
"Transaction reported is a grant of 1,281,250 restricted stock units representing shares of Common Stock"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Compensation Committee financial
"which were approved by the Compensation Committee"
A compensation committee is a group within a company's leadership responsible for setting and reviewing how much top executives and employees are paid, including salaries, bonuses, and benefits. It matters to investors because fair and effective pay decisions can influence a company's performance, leadership motivation, and overall governance, helping ensure that the company’s management is aligned with shareholders’ interests.
vest financial
"The shares of Common Stock will vest 33% on March 9, 2027, 33% on March 9, 2028, and 34% on March 9, 2029"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider position did Soluna Holdings (SLNH) report for its CFO on this Form 3?
Soluna Holdings reported that its Chief Financial Officer, Michael Picchi, holds 1,281,250 shares of Common Stock through a grant of restricted stock units. These units were approved by the Compensation Committee and reflect his initial reported equity position with the company.
How many restricted stock units did the Soluna Holdings (SLNH) CFO receive?
The Chief Financial Officer received a grant of 1,281,250 restricted stock units representing shares of Soluna Holdings’ Common Stock. This entire amount is shown as directly owned following the transaction, according to the Form 3 filing and accompanying footnote disclosure.
What is the vesting schedule for the Soluna Holdings (SLNH) CFO’s 1,281,250 RSUs?
The 1,281,250 restricted stock units vest in three tranches: 33% on March 9, 2027, 33% on March 9, 2028, and 34% on March 9, 2029. Each vesting date requires the CFO to remain in service with Soluna Holdings.
Who approved the Soluna Holdings (SLNH) CFO’s restricted stock unit grant?
The restricted stock unit grant to the Soluna Holdings Chief Financial Officer was approved by the company’s Compensation Committee. This committee generally oversees executive equity awards and structured the grant and vesting terms described in the Form 3 footnote.
Is the Soluna Holdings (SLNH) CFO’s Form 3 transaction an open-market trade?
No, the Form 3 describes a grant of 1,281,250 restricted stock units approved by the Compensation Committee, rather than an open-market purchase or sale. The grant represents equity compensation that vests over time while the CFO remains in service.
AI-generated analysis. How Rhea-AI works. Not financial advice.
