Soluna (SLNH) CEO John Belizaire Receives 3.02M Restricted Shares

What Happened
John Belizaire, CEO of Soluna Holdings (SLNH), was awarded 3,018,802 restricted stock awards on 2026-06-01 (grant). At the same time 58,984 shares were disposed/withheld at $1.67 per share to satisfy a tax liability (value ≈ $98,503). The award is a grant (not an open-market purchase or sale) and will vest over three years, subject to continued service.

Key Details

• Transactions reported: 2026-06-01 (grant of 3,018,802 RSAs; tax withholding of 58,984 shares at $1.67/share for ~$98,503).
• Vesting: 33% on 6/1/2027, 33% on 6/1/2028, 34% on 6/1/2029, contingent on continued service (per footnote).
• Shares owned after transaction: not specified in the provided excerpt of the filing.
• Filing: Form 4 filed 2026-06-03 (appears timely — within the standard two-business-day reporting window).
• Transaction codes: A = Award/Grant; F = payment of exercise price or tax liability (here, shares withheld to cover taxes).

Context
Restricted stock awards are a common executive compensation tool; the large grant is subject to multi-year vesting and does not imply an immediate market purchase. The withheld/disposed shares reflect routine tax withholding and are not the same as an open-market sale that would signal a decision to liquidate holdings.