TOPOREK MICHAEL 4
4 · Soluna Holdings, Inc · Filed Jun 3, 2026
Research Summary
AI-generated summary of this filing
Soluna (SLNH) Director Michael Toporek Receives Award of 7.31M Shares
What Happened
Michael Toporek, a director of Soluna Holdings, was granted 7,310,534 restricted stock awards on 2026-06-01. The award price is reported as $0.00 per share (transaction code A), so no cash changed hands in this grant. The Compensation Committee approved the award.
Key Details
- Filing: Form 4 filed 2026-06-03 reporting the 2026-06-01 grant.
- Transaction: Grant/award of 7,310,534 shares at $0.00 (total reported value $0).
- Vesting: Per the filing footnote, the shares "will vest 100% upon the reporting person's separation from the issuer."
- Shares owned after the transaction: Not specified in the provided filing excerpt.
- No purchase/sale occurred; this is a compensation/award transaction (code A).
- No indication the filing was late in the provided data.
Context
Restricted stock awards are compensation, not open-market purchases or sales; they represent potential future ownership subject to conditions. The unusual vesting condition (vesting upon separation) is specified in the footnote—readers should review the full proxy/award documents or subsequent disclosures for details on the rationale and any forfeiture conditions. Such grants do not necessarily signal near-term buying or selling by the insider.
Insider Transaction Report
- Award
Common Stock
[F1]2026-06-01+7,310,534→ 17,132,816 total
Footnotes (1)
- [F1]Transaction reported is a grant of 7,310,534 restricted stock awards 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 100% upon the reporting person's separation from the issuer.