SOLUNA HOLDINGS INC SEC Filings

Generate Strategic Credit Master Fund I-B, L.P. and three affiliated entities jointly filed a Schedule 13G reporting shared beneficial ownership of 3,345,829 shares of Soluna Holdings, Inc. common stock, representing 9.99% of the class on a post-exercise basis. The shares are issuable upon exercise of warrants held by Generate Master Fund; a beneficial ownership limitation of 9.99% caps additional issuance and excludes 654,171 shares from this filing. The reporting group is organized in Delaware and states the filing is not an admission of beneficial ownership under Sections 13(d)/(g).

Soluna Holdings director Matthew E. Lipman received a grant of 99,679 restricted stock awards on 09/01/2025. The awards are shares of Common Stock granted at a $0 purchase price and bring the reporting person’s total beneficial ownership to 292,328 shares. The Compensation Committee approved the grant. The restricted shares are structured to vest 100% upon the reporting person’s separation from the issuer. The Form 4 was signed on 09/02/2025 by an attorney-in-fact.

Soluna Holdings, Inc. (SLNH) reported a grant of 116,579 restricted stock awards to reporting person David C. Michaels, who is identified as both a director and the Chief Financial Officer. The awards were approved by the Compensation Committee and were granted on 09/01/2025 at a price of $0. After the grant, the reporting person beneficially owned 379,582 shares of common stock. The restricted shares are structured to vest 100% upon the reporting person’s separation from the issuer. The Form 4 was signed on behalf of the reporting person by an attorney-in-fact on 09/02/2025.

Thomas J. Marusak, a director of Soluna Holdings, Inc. (ticker SLNH), was granted 116,579 restricted shares of common stock on 09/01/2025 as approved by the Compensation Committee. The award carries a $0 per-share price and will vest in three tranches: 33% on 09/01/2026, 33% on 09/01/2027, and 34% on 09/01/2028, each tranche subject to continued service through the applicable vesting date. After the grant, the reporting person beneficially owns 347,818 shares. The Form 4 was signed on behalf of the reporting person by an attorney-in-fact on 09/02/2025.

Jessica L. Thomas, Chief Accounting Officer of Soluna Holdings, Inc. reported a grant of 32,899 restricted stock awards of Common Stock on 09/01/2025. The awards were approved by the Compensation Committee and carry a $0 per-share price. The restricted shares vest in three tranches: 33% on 09/01/2026, 33% on 09/01/2027, and 34% on 09/01/2028, each contingent on continued service through the applicable vesting date. Following the grant, the reporting person beneficially owns 112,501 shares of Common Stock, held in a direct ownership form.

Soluna Holdings, Inc. (SLNH) Form 4 shows Michael Toporek, a director, was granted 1,003,176 restricted stock awards of common stock on 09/01/2025. The awards were approved by the Compensation Committee and reported at a $0 price. After the grant, the reporting person beneficially owned 2,927,668 shares. The restricted shares will vest 100% upon the reporting person’s separation from the issuer. The form was signed by an attorney-in-fact on 09/02/2025.