Michael Toporek - Oct 31, 2024 Form 4 Insider Report for Soluna Holdings, Inc (SLNH)

Role: Director
Signature: /s/ Christopher Gandolfo, Attorney in Fact
Stock symbol: SLNH
Transactions as of: Oct 31, 2024
Transactions value $: -$197,693
Form type: 4
Date filed: 3/28/2025, 05:45 PM
Previous filing: Sep 4, 2024
Next filing: Nov 7, 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SLNH	Common Stock	Sale	-$27.5K	-8K	-5.33%	$3.44	142K	Oct 31, 2024	See Footnote	F1, F2
transaction	SLNH	Common Stock	Sale	-$106K	-31.3K	-22.04%	$3.39	111K	Nov 1, 2024	See Footnote	F1, F2
transaction	SLNH	Common Stock	Sale	-$64.1K	-20.6K	-18.61%	$3.11	90.1K	Nov 4, 2024	See Footnote	F1, F2
holding	SLNH	Common Stock						810K	Oct 31, 2024	Direct

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id	Content
F1	These dispositions occurred on October 31, 2024, November 1, 2024, and November 4, 2024 (each, a "Sale" and collectively, the "Sales"), but the reporting person inadvertently failed to file a Form 4 related to these transactions prior to filing the Form 4 filed on November 7, 2024.
F2	These shares of common stock of Soluna Holdings, Inc., par value $0.001 per share ("Common Stock"), were held by Brookstone Partners Acquisition XXIV, LLC ("Brookstone XXIV") and the Sales occurred automatically pursuant to a Rule 10b5-1 trading plan adopted by Brookstone XXIV on May 29, 2024. Brookstone Partners I.A.C ("Brookstone Partners").is the Manager of Brookstone XXIV and as such may be deemed to beneficially own the shares of Common Stock held by Brookstone XXIV. The reporting person is a Managing General Partner of Brookstone Partners and shares voting and dispositive power over the shares of Common Stock held by Brookstone XXIV and therefore may also be deemed to beneficially own these shares. The reporting person disclaims such beneficial ownership except to the extent of his pecuniary interest therein.

Content

These dispositions occurred on October 31, 2024, November 1, 2024, and November 4, 2024 (each, a "Sale" and collectively, the "Sales"), but the reporting person inadvertently failed to file a Form 4 related to these transactions prior to filing the Form 4 filed on November 7, 2024.

These shares of common stock of Soluna Holdings, Inc., par value $0.001 per share ("Common Stock"), were held by Brookstone Partners Acquisition XXIV, LLC ("Brookstone XXIV") and the Sales occurred automatically pursuant to a Rule 10b5-1 trading plan adopted by Brookstone XXIV on May 29, 2024. Brookstone Partners I.A.C ("Brookstone Partners").is the Manager of Brookstone XXIV and as such may be deemed to beneficially own the shares of Common Stock held by Brookstone XXIV. The reporting person is a Managing General Partner of Brookstone Partners and shares voting and dispositive power over the shares of Common Stock held by Brookstone XXIV and therefore may also be deemed to beneficially own these shares. The reporting person disclaims such beneficial ownership except to the extent of his pecuniary interest therein.