Soluna (SLNH) CDO Carver Ryan Receives 3.2M RSU Award

What Happened

• Carver Ryan, Chief Development Officer of Soluna Holdings, was granted 3,200,000 restricted stock units (RSUs) on 2026-08-01, reported on a Form 4 filed 2026-08-04. The transaction is reported as an award/grant (code A); the reported acquisition price is $0.
• The RSUs represent potential shares of common stock and will vest 33% on July 13, 2027, 33% on July 13, 2028, and the remaining 34% on July 13, 2029, each tranche contingent on the reporting person remaining in service on the vesting date.

Key Details

• Transaction date: 2026-08-01; Form 4 filed: 2026-08-04 (Accession: 0001493152-26-036036).
• Transaction type/code: Grant/Award (A); amount: 3,200,000 RSUs; reported acquisition price: $0.
• Vesting: 33% 7/13/2027, 33% 7/13/2028, 34% 7/13/2029, subject to continued service (per filing footnote).
• Shares owned after transaction: Not specified in this filing.
• This is a compensation award (not an open-market purchase or sale) and does not indicate an immediate change in share ownership or a sale.

Context

• RSUs convert into actual shares only upon vesting; they are commonly used for executive compensation and can dilute existing shareholders when they vest and shares are issued.
• Because this is a grant rather than a purchase or sale, it signals compensation policy rather than a direct insider market trade.