TOPOREK MICHAEL 4
4 · Soluna Holdings, Inc · Filed Apr 17, 2024
Insider Transaction Report
Form 4
TOPOREK MICHAEL
Director
Transactions
- Award
9.0% Series A Cumulative Perpetual Preferred Stock
2024-04-15+1,244,969→ 1,247,082 total - Award
Common Stock
2024-04-15+317,647→ 318,466 total - Disposition to Issuer
Stock Options (Right to Buy)
2024-04-15−20,000→ 0 totalExercise: $171.00→ Common Stock (20,000 underlying)
Holdings
- 150,000(indirect: See Footnote)
Common Stock
Footnotes (5)
- [F1]Transaction reported is a grant of 1,244,969 restricted stock awards representing shares of Series A Cumulative Perpetual Preferred Stock, par value $0.001 per share, of the issuer ("Preferred Stock"), which were approved by the Compensation Committee. The shares of Preferred Stock will vest 100% upon the reporting person's separation from the issuer.
- [F2]Transaction reported is a grant of 317,647 restricted stock awards representing shares of 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.
- [F3]The option is durational based. 13,333 shares of Common Stock subject to this option were vested and exercisable on the date of cancellation. 6,667 shares of Common Stock subject to this option were scheduled to vest and become exercisable on May 13, 2024, provided that the reporting person remained in the service of the issuer on such vesting date. The shares of Common Stock subject to this option expire five years after each applicable vesting date.
- [F4]On April 15, 2024, the stock options were cancelled by mutual agreement of the reporting person and the issuer.
- [F5]These shares of Common Stock are held by Brookstone Partners Acquisition XXIV, LLC ("Brookstone XXIV"). As the Manager of Brookstone XXIV, Brookstone Partners I.A.C. may be deemed to beneficially own the shares of Common Stock owned directly by Brookstone XXIV. Mr. Toporek is a Managing General Partner of Brookstone Partners I.A.C. and shares voting and dispositive power over the shares of Common Stock owned by Brookstone XXIV and therefore may be deemed to beneficially own these shares. Mr. Toporek disclaims such beneficial ownership except to the extent of his pecuniary interest therein.