Soluna Holdings, Inc.
US ˙ NasdaqCM ˙ US5835433013

SecuritySLNH / Soluna Holdings, Inc.
InsiderDavid C Michaels
This page shows the track record and history of MICHAELS DAVID C insider trades in Soluna Holdings, Inc.. The SEC defines Insiders as officers, directors, or significant investors (greater than 10% ownership) in a company. It is illegal for insiders to make trades in their companies based on material, non-public information ("MNPI"). This does not mean it is illegal for them to make any trades in their own companies. However, they must report all trades to the SEC via a Form 4.
Insider Purchases - Short Term Profit Analysis

In this section, we analyze the profitability of every unplanned, open-market insider purchase made by David C Michaels in SLNH / Soluna Holdings, Inc.. This analysis helps to understand if the insider consistently generates abnormal returns, and is worth following. This analysis is for one-year following each trade, and the results are theoretical.

The following table shows the most recent open market purchases that were not part of an automatic trading plan.

Trade Date Reported
Shares		 Reported
Price		 Adjusted
Shares		 Adjusted
Price		 Cost Basis Days to
Max		 Price at
Max		 Max
Profit ($)		 Max Return (%)
2024-06-18 9,100 3.4700 9,100 3.4700 31,577 7 7.6700 38,220 121.04
2022-08-18 10,000 3.2700 400 81.7500 32,700
2016-12-15 5,000 1.5000 5,000 1.5000 7,500
2016-11-22 10,000 1.5000 10,000 1.5000 15,000
2016-11-21 412 1.4500 412 1.4500 597
2016-11-09 5,000 1.4500 5,000 1.4500 7,250
2015-12-22 2,000 0.8000 2,000 0.8000 1,600
2014-11-14 5,000 0.9200 5,000 0.9200 4,600
2014-05-28 2,000 1.1500 2,000 1.1500 2,300
2013-09-16 2,800 0.8200 2,800 0.8200 2,296
2013-09-12 7,200 0.8200 7,200 0.8200 5,904

Adjusted Price is the split-adjusted price. Adjusted Shares is the split-adjusted shares.

SLNH / Soluna Holdings, Inc. Insider Trades
Insider Sales - Short Term Loss Analysis

In this section, we analyze the short-term loss avoidance of every unplanned, open-market insider sale made by David C Michaels in SLNH / Soluna Holdings, Inc.. A consistent pattern of loss avoidance may suggest that future sale transactions may predict declines in price. This analysis is for one-year following each trade, and the results are theoretical.

The following table shows the most recent open market purchases that were not part of an automatic trading plan.

Trade Date Reported
Shares		 Reported
Price		 Adjusted
Shares		 Adjusted
Price		 Cost Basis Days to
Min		 Price at
Min		 Max Loss
Avoided ($)		 Max Loss
Avoided (%)
2025-12-12 1,017 2.1900 1,017 2.1900 2,227 108 0.6072 -1,609 -72.27
2024-12-10 400 3.1495 400 3.1495 1,260

Adjusted Price is the split-adjusted price. Adjusted Shares is the split-adjusted shares.

SLNH / Soluna Holdings, Inc. Insider Trades
Insider Transaction History
File
Date		 Trade
Date		 Form Insider Ticker Security Title Code 10b5-1 Direct Exercise
Price		 Unit
Price		 Units
Changed		 Value
Changed (1K)		 Remaining
Options		 Remaining
Shares
2026-06-03 2026-06-01 4 MICHAELS DAVID C SLNH Common Stock A - Award D 849,556 2,029,343
2025-12-15 2025-12-12 4 MICHAELS DAVID C SLNH 9.0% Series A Cumulative Perpetual Preferred Stock S - Sale D 9.2600 -5,669 -52 52,977
2025-12-15 2025-12-12 4 MICHAELS DAVID C SLNH Common Stock S - Sale D 2.1900 -1,017 -2 1,179,787
2025-12-03 2025-12-01 4 MICHAELS DAVID C SLNH Common Stock A - Award D 801,222 1,180,804
2025-09-02 2025-09-01 4 MICHAELS DAVID C SLNH Common Stock A - Award D 116,579 379,582
2025-06-03 2025-06-01 4 MICHAELS DAVID C SLNH Common Stock A - Award D 86,512 263,003
2024-12-12 2024-12-10 4 MICHAELS DAVID C SLNH Common Stock S - Sale D 3.1495 -400 -1 176,491
2024-12-03 2024-12-01 4 MICHAELS DAVID C SLNH Common Stock A - Award D 43,044 167,791
2024-09-04 2024-09-01 4 MICHAELS DAVID C SLNH Common Stock A - Award D 42,568 124,747
2024-09-04 2024-09-01 4 MICHAELS DAVID C SLNH Common Stock A - Award D 3,453 82,179
2024-06-20 2024-06-18 4 MICHAELS DAVID C SLNH Common Stock P - Purchase D 3.4700 9,100 32 87,826
2024-06-05 2024-06-01 4 MICHAELS DAVID C SLNH Common Stock A - Award D 5,981 78,726
2024-04-17 2024-04-15 4 MICHAELS DAVID C SLNH Common Stock A - Award D 41,176 72,745
2024-04-17 2024-04-15 4 MICHAELS DAVID C SLNH Common Stock A - Award D 25,309 31,569
2024-04-17 2024-04-15 4 MICHAELS DAVID C SLNH 9.0% Series A Cumulative Perpetual Preferred Stock A - Award D 52,977 58,646
2023-12-15 2023-12-15 4 MICHAELS DAVID C SLNH 9.0% Series A Cumulative Perpetual Preferred Stock P - Purchase D 3.2500 3,000 10 5,669
2023-12-15 2023-12-14 4 MICHAELS DAVID C SLNH 9.0% Series A Cumulative Perpetual Preferred Stock P - Purchase D 3.1000 369 1 2,669
2023-12-15 2023-12-13 4 MICHAELS DAVID C SLNH 9.0% Series A Cumulative Perpetual Preferred Stock P - Purchase D 3.0000 2,300 7 2,300
2022-08-22 2022-08-18 4 MICHAELS DAVID C SLNH Common Stock P - Purchase D 3.2700 10,000 33 156,477
2022-01-19 2022-01-14 4 MICHAELS DAVID C SLNH Common Stock A - Award D 41,000 146,477
2021-05-17 2021-05-13 4 MICHAELS DAVID C MKTY Stock Options (Right to Buy) A - Award D 7.52 26,600 69,600
2021-05-06 2021-03-25 4/A MICHAELS DAVID C MKTY Common Stock, $0.01 par value A - Award D 10,000 105,477
2021-03-29 2021-03-25 4 MICHAELS DAVID C MKTY Common Stock, $0.01 par value A - Award D 17,500 102,977
2021-03-03 3/A MICHAELS DAVID C MKTY Common Stock, $0.01 par value D 95,477
2021-01-15 2021-01-14 4 MICHAELS DAVID C MKTY Restricted Stock Awards M - Exercise D 0.00 -7,732 7,733
2021-01-15 2021-01-14 4 MICHAELS DAVID C MKTY Common Stock M - Exercise D 7,732 87,744
2020-11-30 3 MICHAELS DAVID C MKTY COMMON STOCK, $0.01 par value D 80,012
2016-12-16 2016-12-15 4 MICHAELS DAVID C MKTY Common Stock P - Purchase D 1.5000 5,000 8 44,412
2016-11-23 2016-11-22 4 MICHAELS DAVID C MKTY Common Stock P - Purchase D 1.5000 10,000 15 39,412
2016-11-23 2016-11-21 4 MICHAELS DAVID C MKTY Common Stock P - Purchase D 1.4500 412 1 29,412
2016-11-10 2016-11-09 4 MICHAELS DAVID C MKTY Common Stock P - Purchase D 1.4500 5,000 7 29,000
2016-01-15 2016-01-14 4 MICHAELS DAVID C MKTY Stock Options (Rights to Buy) A - Award D 0.78 18,000 18,000
2015-12-23 2015-12-22 4 MICHAELS DAVID C MKTY Common Stock P - Purchase D 0.8000 2,000 2 24,000
2015-05-01 2013-09-16 4 MICHAELS DAVID C MKTY Common Stock P - Purchase D 0.8200 2,800 2 15,000
2015-05-01 2015-03-05 4/A MICHAELS DAVID C MKTY Stock Options(Rights to Buy) A - Award D 1.20 15,000 15,000
2015-03-06 2015-03-05 4 MICHAELS DAVID C MKTY Stock Options (Rights to Buy) A - Award D 1.20 15,000 15,000
2014-11-17 2014-11-14 4 MICHAELS DAVID C MKTY Common Stock P - Purchase D 0.9200 5,000 5 19,200
2014-05-30 2014-05-28 4 MICHAELS DAVID C MKTY Common Stock P - Purchase D 1.1500 2,000 2 14,200
2014-03-13 2014-03-12 4 MICHAELS DAVID C MKTY Stock Options (Rights to Buy) A - Award D 1.08 13,000 13,000
2013-09-16 2013-09-12 4 MICHAELS DAVID C MKTY Common Stock P - Purchase D 0.8200 7,200 6 12,200
2013-08-30 2013-08-28 4 MICHAELS DAVID C MKTY Stock Options(Rights to Buy) A - Award D 0.90 12,500 12,500
2013-08-30 3 MICHAELS DAVID C MKTY Common Stock D 5,000
P
Åbent marked eller privat køb af ikke-afledte eller afledte værdipapirer
S
Åbent marked eller privat salg af ikke-afledte eller afledte værdipapirer
A
Tildeling, tildeling eller anden erhvervelse af værdipapirer fra virksomheden (såsom en option)
C
Konvertering af derivat
D
Salg eller overførsel af værdipapirer tilbage til virksomheden
F
Betaling af udnyttelseskurs eller skatteforpligtelse ved brug af en del af værdipapirer modtaget fra selskabet
G
Gave af værdipapirer af eller til insideren
K
Aktieswaps og lignende sikringstransaktioner
M
Udnyttelse eller konvertering af afledt værdipapir modtaget fra virksomheden (såsom en option)
V
En transaktion rapporteret frivilligt på formular 4
J
Andet (ledsaget af en fodnote, der beskriver transaktionen)