Soluna director granted 726,401 restricted shares

Hirshfield Edward R reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

Hirshfield Edward R reported acquisition or exercise transactions in this Form 4 filing.

Soluna Holdings director Edward R. Hirshfield received a large equity grant. He was awarded 726,401 restricted stock awards of Soluna Holdings common stock at a price of $0.0000 per share as compensation, not through an open-market purchase.

According to the disclosure, these shares will vest 100% when he separates from the company. After this grant, Hirshfield directly holds a total of 1,702,719 shares of Soluna Holdings common stock, increasing his personal equity stake and further aligning his interests with shareholders.

Insider Trade Summary

Grant/Award: 726,401 shares

Grant/Award 1 txn

Insider Hirshfield Edward R

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	726,401	$0.00	$0.00

Holdings After Transaction: Common Stock — 1,702,719 shares (Direct)

Footnotes (1)

1. F1. Transaction reported is a grant of 726,401 restricted stock awards 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 100% upon the reporting person's separation from the issuer.

Key Figures

Restricted stock grant: 726,401 shares Grant price per share: $0.0000 per share Post-transaction holdings: 1,702,719 shares +1 more

4 metrics

Restricted stock grant 726,401 shares Restricted stock awards of common stock granted to director

Grant price per share $0.0000 per share Reported transaction price for the restricted stock awards

Post-transaction holdings 1,702,719 shares Edward R. Hirshfield’s direct common stock ownership after grant

Vesting condition 100% upon separation Restricted stock awards vest fully when the director separates from issuer

Key Terms

restricted stock awards, Compensation Committee, par value, Common Stock

4 terms

restricted stock awards financial

"Transaction reported is a grant of 726,401 restricted stock awards representing shares of Common Stock"

Restricted stock awards are company shares given to employees or executives that cannot be sold or transferred until certain conditions — like staying with the company for a set time or meeting performance targets — are met, like a gift that is locked in a safe until rules are satisfied. Investors care because these awards tie management’s pay to company performance, can increase the number of shares outstanding when they become tradable (dilution), and may signal expected future selling pressure or commitment to long-term growth.

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.

par value financial

"shares of Common Stock, par value $0.001 per share, of the issuer"

Par value is the fixed amount printed on a bond or stock that represents its original value when issued. It’s like the face value of a coin or bill—what the issuer promises to pay back or the starting price of a stock—though it often doesn’t change with market prices. It matters because it helps determine certain financial details, like how much the company will pay back at maturity.

Common Stock financial

"representing shares of Common Stock, par value $0.001 per share, of the issuer"

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Soluna Holdings (SLNH) director Edward R. Hirshfield report on this Form 4?

Edward R. Hirshfield reported receiving 726,401 restricted stock awards of Soluna Holdings common stock. These were granted as compensation at an effective price of $0.0000 per share, increasing his direct ownership stake to 1,702,719 shares after the transaction.

Is the Soluna Holdings (SLNH) Form 4 transaction an open-market stock purchase?

No, the Form 4 shows a grant of restricted stock awards, not an open-market purchase. The 726,401 shares were awarded at a reported price of $0.0000 per share as compensation approved by the Compensation Committee, rather than bought on the market.

How many Soluna Holdings (SLNH) shares does Edward R. Hirshfield own after this grant?

After receiving 726,401 restricted stock awards, Edward R. Hirshfield directly owns 1,702,719 shares of Soluna Holdings common stock. This figure reflects his updated post-transaction holdings as reported in the Form 4 filing.

What are the vesting conditions for Edward R. Hirshfield’s Soluna Holdings (SLNH) restricted stock awards?

The 726,401 restricted stock awards will vest 100% upon Edward R. Hirshfield’s separation from Soluna Holdings. This means none of the shares are currently vested; they become fully his only when he leaves the company, according to the filing footnote.

Who approved the restricted stock grant reported in the Soluna Holdings (SLNH) Form 4?

The restricted stock grant to Edward R. Hirshfield was approved by the Compensation Committee. The grant covers 726,401 restricted stock awards representing shares of Soluna Holdings common stock, as described in the footnote to the Form 4 filing.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 06/03/2026 - 04:30 PM EDT Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Hirshfield Edward R

(Last) (First) (Middle)

C/O SOLUNA HOLDINGS, INC

325 WASHINGTON AVENUE EXTENSION

(Street)

ALBANY NEW YORK 12205

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Soluna Holdings, Inc [ SLNH ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/01/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	06/01/2026		A		726,401(1)	A	$0	1,702,719	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Transaction reported is a grant of 726,401 restricted stock awards 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 100% upon the reporting person's separation from the issuer.

	/s/ Christopher Gandolfo, Attorney in Fact	06/03/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)