Soluna Holdings (SLNH) CFO receives 1.28M restricted stock units vesting through 2029

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

1 transaction reported

Mixed 1 txn

Insider PICCHI MICHAEL

Role Chief Financial Officer

Type	Security	Shares	Price	Value
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 1,281,250 shares (Direct)

Footnotes (1)

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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.

Understanding Insider Trading Forms →

SEC Form 3

FORM 3

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

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

PICCHI MICHAEL

(Last) (First) (Middle)

325 WASHINGTON AVENUE EXTENSION

(Street)

ALBANY NEW YORK 12205

(City) (State) (Zip)

UNITED STATES

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
04/01/2026

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

3a. Foreign Trading Symbol

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

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

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

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

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

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	1,281,250(1)	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. 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.

Remarks:

Exhibit 24 - Power of Attorney

	/s/ Christopher Gandolfo, Attorney in Fact	04/01/2026
	** 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 5 (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 3: SEC 1473 (03-26)

FAQ

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.