MICHAEL TOPOREK - 25 Mar 2022 Form 4/A - Amendment Insider Report for Soluna Holdings, Inc (SLNH)

Role: Chief Executive Officer, Director, 10%+ Owner
Signature: /s/ Christopher Gandolfo, Attorney in Fact
Issuer symbol: SLNH
Transactions as of: 25 Mar 2022
Transactions value $: -$34,160
Form type: 4/A - Amendment
Filing time: 18 Apr 2022, 19:50:57 UTC
Date Of Original Report: 29 Mar 2022
Previous filing: 17 May 2021
Next filing: 22 Aug 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SLNH	Common Stock, $0.01 par value	Disposed to Issuer	-$34.2K	-3.02K	-40.31%	$11.30^*	4.48K	25 Mar 2022	Direct	F1
holding	SLNH	Common Stock, $0.01 par value						3.75M	25 Mar 2022	See Footnote	F2

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

Explanation of Responses:

Id	Content
F1	Represents shares of common stock withheld by the Issuer to satisfy Mr. Toporek's tax obligations upon the vesting of 7,500 restricted stock units previously granted to Mr. Toporek. This corrects Mr. Toporek's Form 4 filed on March 29, 2022, as amended on March 30, 2022, which inadvertently reported the incorrect number of shares of common stock withheld to satisfy his tax obligations. The original Form 4 also mistakenly did not indicate Mr. Toporek as a director of the Issuer in addition to being an officer and 10% holder.
F2	Represents shares of common stock 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.

Content

Represents shares of common stock withheld by the Issuer to satisfy Mr. Toporek's tax obligations upon the vesting of 7,500 restricted stock units previously granted to Mr. Toporek. This corrects Mr. Toporek's Form 4 filed on March 29, 2022, as amended on March 30, 2022, which inadvertently reported the incorrect number of shares of common stock withheld to satisfy his tax obligations. The original Form 4 also mistakenly did not indicate Mr. Toporek as a director of the Issuer in addition to being an officer and 10% holder.

Represents shares of common stock 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.