Soluna director granted 726,401 restricted shares

Lipman Matthew E. reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

Lipman Matthew E. reported acquisition or exercise transactions in this Form 4 filing.

Soluna Holdings director Matthew E. Lipman received a grant of 726,401 shares of common stock as restricted stock awards. The awards carry a stated price of $0.0000 per share and were approved by the Compensation Committee. These shares will vest 100% upon his separation from the company, bringing his direct holdings to 1,703,803 shares of common stock.

Insider Trade Summary

Grant/Award: 726,401 shares

Grant/Award 1 txn

Insider Lipman Matthew E.

Role Director

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

Holdings After Transaction: Common Stock — 1,703,803 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 Transaction price per share: $0.0000 per share Total shares after transaction: 1,703,803 shares +3 more

6 metrics

Restricted stock grant 726,401 shares Grant of restricted stock awards on 2026-06-01

Transaction price per share $0.0000 per share Reported for restricted stock award grant

Total shares after transaction 1,703,803 shares Direct holdings following the grant

Transaction code A Grant, award, or other acquisition of common stock

Transaction direction acquire Characterized as grant/award acquisition in Form 4 data

Vesting trigger 100% upon separation Restricted shares vest in full when Lipman separates

Key Terms

restricted stock awards, Compensation Committee, vest 100% upon the reporting person's separation, Grant, award, or other acquisition

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 regulatory

"representing shares of Common Stock ... 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 100% upon the reporting person's separation financial

"The shares of Common Stock will vest 100% upon the reporting person's separation from the issuer"

Grant, award, or other acquisition regulatory

"transaction_code_description": "Grant, award, or other acquisition""

FAQ

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

What insider transaction did Soluna Holdings (SLNH) report for Matthew E. Lipman?

Soluna Holdings reported that director Matthew E. Lipman received a grant of 726,401 restricted stock awards. These represent shares of common stock approved by the Compensation Committee, increasing his direct ownership to 1,703,803 shares following the award.

What type of shares did Matthew E. Lipman receive from Soluna Holdings (SLNH)?

Matthew E. Lipman received restricted stock awards representing 726,401 shares of Soluna Holdings common stock. These are compensation-related equity awards, not open-market purchases, and were approved by the company’s Compensation Committee according to the Form 4 disclosure.

When did Matthew E. Lipman’s Soluna Holdings (SLNH) stock grant occur?

The Form 4 shows Matthew E. Lipman’s restricted stock grant occurred on 2026-06-01. On that date, he was awarded 726,401 shares of Soluna Holdings common stock as a compensation-related equity grant approved by the Compensation Committee.

At what price were Matthew E. Lipman’s Soluna Holdings (SLNH) restricted shares granted?

The restricted stock awards to Matthew E. Lipman were reported with a transaction price of $0.0000 per share. This indicates a compensatory equity grant rather than a cash purchase in the open market, as disclosed in the Form 4.

How many Soluna Holdings (SLNH) shares does Matthew E. Lipman own after this grant?

After receiving 726,401 restricted stock awards, Matthew E. Lipman beneficially owns 1,703,803 shares of Soluna Holdings common stock directly. This total reflects his holdings immediately following the reported compensation grant on 2026-06-01.

When do Matthew E. Lipman’s Soluna Holdings (SLNH) restricted stock awards vest?

The restricted stock awards granted to Matthew E. Lipman will vest 100% upon his separation from Soluna Holdings. This means none of the 726,401 granted shares vest before he leaves the company, according to the Form 4 footnote disclosure.

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
Estimated average burden
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^*

Lipman Matthew E.

(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	1,703,803	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)