[Form 4] Soluna Holdings, Inc 9.0% Series A Cumulative Perpetual Preferred Stock Insider Trading Activity
Edward R. Hirshfield, a director of Soluna Holdings, Inc., reported two grants of restricted common stock on 09/01/2025. One grant totaled 66,453 shares that, per the filing, will vest 100% upon the reporting person’s separation from the company. A second grant totaled 33,226 shares with time-based vesting of 33% on 09/01/2026, 33% on 09/01/2027, and 34% on 09/01/2028, contingent on continued service. Both awards were approved by the Compensation Committee and reported with a transaction price of $0. Following the reported transactions, the filing shows the reporting person beneficially owned 258,018 shares after the first grant line and 291,244 shares after the second line.
Edward R. Hirshfield, amministratore di Soluna Holdings, Inc., ha segnalato due assegnazioni di azioni ordinarie vincolate in data 09/01/2025. Una prima assegnazione ammonta a 66.453 azioni che, secondo il documento, verranno interamente maturate (100%) al momento della separazione del soggetto segnalante dall’azienda. Una seconda assegnazione riguarda 33.226 azioni con maturazione basata sul tempo: 33% il 09/01/2026, 33% il 09/01/2027 e 34% il 09/01/2028, subordinata alla continuità del servizio. Entrambi i premi sono stati approvati dal Compensation Committee e riportati con prezzo di transazione di $0. Dopo le operazioni segnalate, il documento indica che il soggetto deteneva beneficiariamente 258.018 azioni dopo la prima voce e 291.244 azioni dopo la seconda.
Edward R. Hirshfield, director de Soluna Holdings, Inc., informó dos concesiones de acciones ordinarias restringidas el 01/09/2025. Una concesión ascendió a 66.453 acciones que, según la presentación, se devengarán al 100% al separarse la persona informante de la compañía. Una segunda concesión fue de 33.226 acciones con adquisición por tiempo: 33% el 01/09/2026, 33% el 01/09/2027 y 34% el 01/09/2028, condicionada a la continuidad del servicio. Ambos premios fueron aprobados por el Compensation Committee y reportados con un precio de transacción de $0. Tras las operaciones notificadas, la presentación muestra que la persona informante poseía de forma beneficiaria 258.018 acciones después de la primera línea y 291.244 acciones después de la segunda.
Edward R. Hirshfield는 Soluna Holdings, Inc.의 이사로서 2025-09-01에 제한된 보통주 두 건을 신고했습니다. 첫 번째 부여는 총 66,453주로, 제출서류에 따르면 해당 보고인의 회사로부터의 분리 시점에 100% 완전히 귀속(vest)됩니다. 두 번째 부여는 총 33,226주로, 계속 근무를 전제로 한 시간 기반 베스팅으로 2026-09-01에 33%, 2027-09-01에 33%, 2028-09-01에 34%가 귀속됩니다. 두 보상 모두 보상위원회(Compensation Committee)의 승인을 받았으며 거래 가격은 $0로 신고되었습니다. 신고된 거래 후 제출서류에는 첫 번째 항목 이후 보고인이 실질적으로 보유한 주식이 258,018주, 두 번째 항목 이후에는 291,244주로 기재되어 있습니다.
Edward R. Hirshfield, administrateur de Soluna Holdings, Inc., a déclaré deux attributions d’actions ordinaires restreintes le 01/09/2025. La première attribution portait sur 66 453 actions qui, d’après le dossier, seront acquises à 100 % lors de la séparation de la personne déclarant de la société. La seconde attribution portait sur 33 226 actions avec acquisition échelonnée dans le temps : 33 % le 01/09/2026, 33 % le 01/09/2027 et 34 % le 01/09/2028, sous réserve de la poursuite du service. Les deux attributions ont été approuvées par le Compensation Committee et déclarées avec un prix de transaction de 0 $. Après les opérations signalées, le dossier indique que la personne déclarante détenait bénéficiairement 258 018 actions après la première ligne et 291 244 actions après la seconde.
Edward R. Hirshfield, ein Direktor von Soluna Holdings, Inc., meldete am 01.09.2025 zwei Zuwendungen von eingeschränkten Stammaktien. Eine Zuwendung belief sich auf 66.453 Aktien, die laut Einreichung zu 100 % bei der Trennung der berichtenden Person vom Unternehmen vesten. Eine zweite Zuwendung umfasste 33.226 Aktien mit zeitlicher Vestedauer von 33 % am 01.09.2026, 33 % am 01.09.2027 und 34 % am 01.09.2028, vorbehaltlich fortgesetzter Tätigkeit. Beide Zuwendungen wurden vom Compensation Committee genehmigt und mit einem Transaktionspreis von $0 gemeldet. Nach den gemeldeten Transaktionen weist die Einreichung aus, dass die berichtende Person nach der ersten Zeile wirtschaftlich 258.018 Aktien und nach der zweiten Zeile 291.244 Aktien hielt.
- Compensation Committee approval for both restricted stock awards indicates governance oversight of these grants
- Clear vesting schedule provided for the 33,226-share award: 33% on 09/01/2026, 33% on 09/01/2027, and 34% on 09/01/2028
- 66,453-share award vests 100% upon separation, an atypical provision that may merit additional disclosure or scrutiny
- Transaction price reported as $0 for both awards, indicating issuance of restricted shares rather than purchases which increases potential dilution
Insights
TL;DR: Two restricted stock awards granted to a director, one with immediate vest-on-separation and one time-vested over three years; both approved by the Compensation Committee.
The filing documents routine equity compensation steps by the issuer's compensation committee. The first award of 66,453 shares is unusual in that it vests 100% upon the reporting person’s separation, which departs from typical service-vesting schedules and could reflect a specific contractual arrangement or retention/termination provision. The second award follows a standard multi-year time-vesting schedule (33%/33%/34%). Both grants were recorded at a transaction price of $0, consistent with restricted stock awards rather than open-market purchases. These disclosures are material for shareholder governance review because they detail director compensation mechanics and immediate vesting triggers.
TL;DR: Compensation committee-approved restricted stock awards increase director equity stake with mixed vesting terms.
The Compensation Committee approved two awards totaling 99,679 restricted shares for the reporting director. The staggered vesting on the 33,226-share award aligns with common retention practices, while the 66,453-share award's full vest-on-separation condition warrants review for potential accounting or policy implications. The filing provides post-transaction beneficial ownership counts (258,018 and 291,244), enabling stakeholders to measure the director's equity position before and after these awards. No exercise prices or derivative instruments are reported.
Edward R. Hirshfield, amministratore di Soluna Holdings, Inc., ha segnalato due assegnazioni di azioni ordinarie vincolate in data 09/01/2025. Una prima assegnazione ammonta a 66.453 azioni che, secondo il documento, verranno interamente maturate (100%) al momento della separazione del soggetto segnalante dall’azienda. Una seconda assegnazione riguarda 33.226 azioni con maturazione basata sul tempo: 33% il 09/01/2026, 33% il 09/01/2027 e 34% il 09/01/2028, subordinata alla continuità del servizio. Entrambi i premi sono stati approvati dal Compensation Committee e riportati con prezzo di transazione di $0. Dopo le operazioni segnalate, il documento indica che il soggetto deteneva beneficiariamente 258.018 azioni dopo la prima voce e 291.244 azioni dopo la seconda.
Edward R. Hirshfield, director de Soluna Holdings, Inc., informó dos concesiones de acciones ordinarias restringidas el 01/09/2025. Una concesión ascendió a 66.453 acciones que, según la presentación, se devengarán al 100% al separarse la persona informante de la compañía. Una segunda concesión fue de 33.226 acciones con adquisición por tiempo: 33% el 01/09/2026, 33% el 01/09/2027 y 34% el 01/09/2028, condicionada a la continuidad del servicio. Ambos premios fueron aprobados por el Compensation Committee y reportados con un precio de transacción de $0. Tras las operaciones notificadas, la presentación muestra que la persona informante poseía de forma beneficiaria 258.018 acciones después de la primera línea y 291.244 acciones después de la segunda.
Edward R. Hirshfield는 Soluna Holdings, Inc.의 이사로서 2025-09-01에 제한된 보통주 두 건을 신고했습니다. 첫 번째 부여는 총 66,453주로, 제출서류에 따르면 해당 보고인의 회사로부터의 분리 시점에 100% 완전히 귀속(vest)됩니다. 두 번째 부여는 총 33,226주로, 계속 근무를 전제로 한 시간 기반 베스팅으로 2026-09-01에 33%, 2027-09-01에 33%, 2028-09-01에 34%가 귀속됩니다. 두 보상 모두 보상위원회(Compensation Committee)의 승인을 받았으며 거래 가격은 $0로 신고되었습니다. 신고된 거래 후 제출서류에는 첫 번째 항목 이후 보고인이 실질적으로 보유한 주식이 258,018주, 두 번째 항목 이후에는 291,244주로 기재되어 있습니다.
Edward R. Hirshfield, administrateur de Soluna Holdings, Inc., a déclaré deux attributions d’actions ordinaires restreintes le 01/09/2025. La première attribution portait sur 66 453 actions qui, d’après le dossier, seront acquises à 100 % lors de la séparation de la personne déclarant de la société. La seconde attribution portait sur 33 226 actions avec acquisition échelonnée dans le temps : 33 % le 01/09/2026, 33 % le 01/09/2027 et 34 % le 01/09/2028, sous réserve de la poursuite du service. Les deux attributions ont été approuvées par le Compensation Committee et déclarées avec un prix de transaction de 0 $. Après les opérations signalées, le dossier indique que la personne déclarante détenait bénéficiairement 258 018 actions après la première ligne et 291 244 actions après la seconde.
Edward R. Hirshfield, ein Direktor von Soluna Holdings, Inc., meldete am 01.09.2025 zwei Zuwendungen von eingeschränkten Stammaktien. Eine Zuwendung belief sich auf 66.453 Aktien, die laut Einreichung zu 100 % bei der Trennung der berichtenden Person vom Unternehmen vesten. Eine zweite Zuwendung umfasste 33.226 Aktien mit zeitlicher Vestedauer von 33 % am 01.09.2026, 33 % am 01.09.2027 und 34 % am 01.09.2028, vorbehaltlich fortgesetzter Tätigkeit. Beide Zuwendungen wurden vom Compensation Committee genehmigt und mit einem Transaktionspreis von $0 gemeldet. Nach den gemeldeten Transaktionen weist die Einreichung aus, dass die berichtende Person nach der ersten Zeile wirtschaftlich 258.018 Aktien und nach der zweiten Zeile 291.244 Aktien hielt.
FAQ
What did Edward R. Hirshfield report on the Form 4 for Soluna Holdings (SLNH)?
How many shares did the reporting person beneficially own after the transactions?
Were any cash payments recorded for these transactions?
Who approved the restricted stock awards?
When was the Form 4 signed and filed?
