Soluna Holdings, Inc.
US ˙ NasdaqCM ˙ US5835433013

SecuritySLNH / Soluna Holdings, Inc.
InsiderMichael Toporek
This page shows the track record and history of TOPOREK MICHAEL 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 Michael Toporek 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 (%)
2022-08-22 600 3.2700 24 81.7500 1,962 2 86.75 120 6.12
2022-08-22 1,000 3.2400 40 81.0000 3,240
2022-08-22 100 3.2500 4 81.2500 325
2022-08-22 1,000 3.2300 40 80.7500 3,230
2022-08-22 1,000 3.1800 40 79.5000 3,180
2022-08-22 1,000 3.2000 40 80.0000 3,200
2022-08-22 1,000 3.1600 40 79.0000 3,160
2022-08-22 1,000 3.1500 40 78.7500 3,150
2022-08-22 1,000 3.1000 40 77.5000 3,100
2022-08-19 100 3.2500 4 81.2500 325
2022-08-19 500 3.1500 20 78.7500 1,575
2022-08-19 100 3.1700 4 79.2500 317
2022-08-19 100 3.1800 4 79.5000 318
2022-08-19 1,000 3.1990 40 79.9750 3,199
2022-08-19 1,445 3.2000 58 80.0000 4,624
2022-08-19 100 3.2600 4 81.5000 326
2022-08-19 220 3.3100 9 82.7500 728
2022-08-19 268 3.3200 11 83.0000 890
2022-08-19 100 3.3350 4 83.3750 334
2022-08-19 100 3.3700 4 84.2500 337
2022-08-19 100 3.3600 4 84.0000 336
2022-08-19 100 3.3500 4 83.7500 335
2022-08-18 400 3.3800 16 84.5000 1,352
2022-08-18 300 3.3700 12 84.2500 1,011
2022-08-18 200 3.3500 8 83.7500 670
2022-08-18 300 3.3400 12 83.5000 1,002
2022-08-18 300 3.2000 12 80.0000 960
2022-08-18 300 3.1900 12 79.7500 957
2022-08-18 300 3.1700 12 79.2500 951
2022-08-18 400 3.1500 16 78.7500 1,260
2022-08-18 300 3.1000 12 77.5000 930
2022-08-18 300 2.9900 12 74.7500 897
2022-08-18 300 2.6900 12 67.2500 807
2022-08-18 500 2.6300 20 65.7500 1,315
2022-08-18 400 2.6000 16 65.0000 1,040
2022-08-18 100 2.8300 4 70.7500 283

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 Michael Toporek 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 (%)
There are no known unplanned open-market trades for this insider

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 TOPOREK MICHAEL SLNH Common Stock A - Award D 7,310,534 17,132,816
2025-12-03 2025-12-01 4 TOPOREK MICHAEL SLNH Common Stock A - Award D 6,894,614 9,822,282
2025-09-02 2025-09-01 4 TOPOREK MICHAEL SLNH Common Stock A - Award D 1,003,176 2,927,668
2025-06-03 2025-06-01 4 TOPOREK MICHAEL SLNH Common Stock A - Award D 744,454 1,924,492
2025-03-28 2024-11-04 4 TOPOREK MICHAEL SLNH Common Stock S - Sale I 3.1100 -20,600 -64 90,100
2025-03-28 2024-11-01 4 TOPOREK MICHAEL SLNH Common Stock S - Sale I 3.3900 -31,300 -106 110,700
2025-03-28 2024-10-31 4 TOPOREK MICHAEL SLNH Common Stock S - Sale I 3.4400 -8,000 -28 142,000
2024-12-12 2024-12-11 4 TOPOREK MICHAEL SLNH 9.0% Series A Cumulative Perpetual Preferred Stock S - Sale D 10.0000 -574 -6 1,246,188
2024-12-12 2024-12-10 4 TOPOREK MICHAEL SLNH 9.0% Series A Cumulative Perpetual Preferred Stock S - Sale D 10.4000 -100 -1 1,246,762
2024-12-09 2024-12-09 4 TOPOREK MICHAEL SLNH 9.0% Series A Cumulative Perpetual Preferred Stock S - Sale D 10.6000 -208 -2 1,246,862
2024-12-09 2024-12-05 4 TOPOREK MICHAEL SLNH 9.0% Series A Cumulative Perpetual Preferred Stock S - Sale D 11.5000 -12 -0 1,247,070
2024-12-03 2024-12-01 4 TOPOREK MICHAEL SLNH Common Stock A - Award D 370,402 1,180,038
2024-11-12 2024-11-11 4 TOPOREK MICHAEL SLNH Common Stock S - Sale I 4.0000 -9,080 -36 0
2024-11-12 2024-11-08 4 TOPOREK MICHAEL SLNH Common Stock S - Sale I 3.4200 -21,900 -75 9,080
2024-11-07 2024-11-07 4 TOPOREK MICHAEL SLNH Common Stock S - Sale I 3.5900 -24,420 -88 30,980
2024-11-07 2024-11-06 4 TOPOREK MICHAEL SLNH Common Stock S - Sale I 3.5600 -23,700 -84 55,400
2024-11-07 2024-11-05 4 TOPOREK MICHAEL SLNH Common Stock S - Sale I 3.2300 -11,000 -36 79,100
2024-09-04 2024-09-01 4 TOPOREK MICHAEL SLNH Common Stock A - Award D 366,302 809,636
2024-09-04 2024-09-01 4 TOPOREK MICHAEL SLNH Common Stock A - Award D 73,404 443,334
2024-06-05 2024-06-01 4 TOPOREK MICHAEL SLNH Common Stock A - Award D 51,464 369,930
2024-04-17 2024-04-15 4 TOPOREK MICHAEL SLNH Common Stock A - Award D 317,647 318,466
2024-04-17 2024-04-15 4 TOPOREK MICHAEL SLNH 9.0% Series A Cumulative Perpetual Preferred Stock A - Award D 1,244,969 1,247,082
2022-08-22 2022-08-18 4 TOPOREK MICHAEL SLNH 9.0% Series A Cumulative Perpetual Preferred Stock P - Purchase D 8.9900 300 3 1,200
2022-08-22 2022-08-18 4 TOPOREK MICHAEL SLNH 9.0% Series A Cumulative Perpetual Preferred Stock P - Purchase D 9.1200 200 2 900
2022-08-22 2022-08-18 4 TOPOREK MICHAEL SLNH 9.0% Series A Cumulative Perpetual Preferred Stock P - Purchase D 9.2000 200 2 700
2022-08-22 2022-08-18 4 TOPOREK MICHAEL SLNH 9.0% Series A Cumulative Perpetual Preferred Stock P - Purchase D 9.4000 500 5 500
2022-08-22 2022-08-18 4 TOPOREK MICHAEL SLNH Common Stock P - Purchase D 2.8300 100 0 8,877
2022-08-22 2022-08-18 4 TOPOREK MICHAEL SLNH Common Stock P - Purchase D 2.6000 400 1 8,777
2022-08-22 2022-08-18 4 TOPOREK MICHAEL SLNH Common Stock P - Purchase D 2.6300 500 1 8,377
2022-08-22 2022-08-18 4 TOPOREK MICHAEL SLNH Common Stock P - Purchase D 2.6900 300 1 7,877
2022-08-22 2022-08-18 4 TOPOREK MICHAEL SLNH Common Stock P - Purchase D 2.9900 300 1 7,577
2022-08-22 2022-08-18 4 TOPOREK MICHAEL SLNH Common Stock P - Purchase D 3.1000 300 1 7,277
2022-08-22 2022-08-18 4 TOPOREK MICHAEL SLNH Common Stock P - Purchase D 3.1500 400 1 6,977
2022-08-22 2022-08-18 4 TOPOREK MICHAEL SLNH Common Stock P - Purchase D 3.1700 300 1 6,577
2022-08-22 2022-08-18 4 TOPOREK MICHAEL SLNH Common Stock P - Purchase D 3.1900 300 1 6,277
2022-08-22 2022-08-18 4 TOPOREK MICHAEL SLNH Common Stock P - Purchase D 3.2000 300 1 5,977
2022-08-22 2022-08-18 4 TOPOREK MICHAEL SLNH Common Stock P - Purchase D 3.3400 300 1 5,677
2022-08-22 2022-08-18 4 TOPOREK MICHAEL SLNH Common Stock P - Purchase D 3.3500 200 1 5,377
2022-08-22 2022-08-18 4 TOPOREK MICHAEL SLNH Common Stock P - Purchase D 3.3700 300 1 5,177
2022-08-22 2022-08-18 4 TOPOREK MICHAEL SLNH Common Stock P - Purchase D 3.3800 400 1 4,877
2022-08-22 2022-08-22 4 TOPOREK MICHAEL SLNH Common Stock P - Purchase D 3.1000 1,000 3 20,810
2022-08-22 2022-08-22 4 TOPOREK MICHAEL SLNH Common Stock P - Purchase D 3.1500 1,000 3 19,810
2022-08-22 2022-08-22 4 TOPOREK MICHAEL SLNH Common Stock P - Purchase D 3.1600 1,000 3 18,810
2022-08-22 2022-08-22 4 TOPOREK MICHAEL SLNH Common Stock P - Purchase D 3.2000 1,000 3 17,810
2022-08-22 2022-08-22 4 TOPOREK MICHAEL SLNH Common Stock P - Purchase D 3.1800 1,000 3 16,810
2022-08-22 2022-08-22 4 TOPOREK MICHAEL SLNH Common Stock P - Purchase D 3.2300 1,000 3 15,810
2022-08-22 2022-08-22 4 TOPOREK MICHAEL SLNH Common Stock P - Purchase D 3.2500 100 0 14,810
2022-08-22 2022-08-22 4 TOPOREK MICHAEL SLNH Common Stock P - Purchase D 3.2400 1,000 3 14,710
2022-08-22 2022-08-22 4 TOPOREK MICHAEL SLNH Common Stock P - Purchase D 3.2700 600 2 13,710
2022-08-22 2022-08-19 4 TOPOREK MICHAEL SLNH 9.0% Series A Cumulative Perpetual Preferred Stock P - Purchase D 9.8000 10 0 2,113
2022-08-22 2022-08-19 4 TOPOREK MICHAEL SLNH 9.0% Series A Cumulative Perpetual Preferred Stock P - Purchase D 9.7500 500 5 2,103
2022-08-22 2022-08-19 4 TOPOREK MICHAEL SLNH 9.0% Series A Cumulative Perpetual Preferred Stock P - Purchase D 9.7400 100 1 1,603
2022-08-22 2022-08-19 4 TOPOREK MICHAEL SLNH 9.0% Series A Cumulative Perpetual Preferred Stock P - Purchase D 9.6500 203 2 1,503
2022-08-22 2022-08-19 4 TOPOREK MICHAEL SLNH 9.0% Series A Cumulative Perpetual Preferred Stock P - Purchase D 9.6800 100 1 1,300
2022-08-22 2022-08-19 4 TOPOREK MICHAEL SLNH Common Stock P - Purchase D 3.3500 100 0 13,110
2022-08-22 2022-08-19 4 TOPOREK MICHAEL SLNH Common Stock P - Purchase D 3.3600 100 0 13,010
2022-08-22 2022-08-19 4 TOPOREK MICHAEL SLNH Common Stock P - Purchase D 3.3700 100 0 12,910
2022-08-22 2022-08-19 4 TOPOREK MICHAEL SLNH Common Stock P - Purchase D 3.3350 100 0 12,810
2022-08-22 2022-08-19 4 TOPOREK MICHAEL SLNH Common Stock P - Purchase D 3.3200 268 1 12,710
2022-08-22 2022-08-19 4 TOPOREK MICHAEL SLNH Common Stock P - Purchase D 3.3100 220 1 12,442
2022-08-22 2022-08-19 4 TOPOREK MICHAEL SLNH Common Stock P - Purchase D 3.2600 100 0 12,222
2022-08-22 2022-08-19 4 TOPOREK MICHAEL SLNH Common Stock P - Purchase D 3.2000 1,445 5 12,122
2022-08-22 2022-08-19 4 TOPOREK MICHAEL SLNH Common Stock P - Purchase D 3.1990 1,000 3 10,677
2022-08-22 2022-08-19 4 TOPOREK MICHAEL SLNH Common Stock P - Purchase D 3.1800 100 0 9,677
2022-08-22 2022-08-19 4 TOPOREK MICHAEL SLNH Common Stock P - Purchase D 3.1700 100 0 9,577
2022-08-22 2022-08-19 4 TOPOREK MICHAEL SLNH Common Stock P - Purchase D 3.1500 500 2 9,477
2022-08-22 2022-08-19 4 TOPOREK MICHAEL SLNH Common Stock P - Purchase D 3.2500 100 0 8,977
2022-04-18 2022-03-25 4/A TOPOREK MICHAEL SLNH Common Stock, $0.01 par value D - Sale to Issuer D 11.3000 -3,023 -34 4,477
2022-03-30 2022-03-25 4/A TOPOREK MICHAEL SLNH Common Stock, $0.01 par value D - Sale to Issuer D 11.3000 -3,366 -38 4,134
2022-03-29 2022-03-25 4 TOPOREK MICHAEL SLNH Common Stock, $0.01 par value D - Sale to Issuer D 11.3000 -3,048 -34 4,452
2021-05-17 2021-05-13 4 TOPOREK MICHAEL MKTY Stock Options (Right to Buy) A - Award D 6.84 500,000 507,500
2021-03-29 2021-03-25 4 TOPOREK MICHAEL MKTY Common Stock, $0.01 par value A - Award D 7,500 7,500
2020-11-30 3 TOPOREK MICHAEL MKTY COMMON STOCK, $0.01 par value D 0
2016-10-27 3 TOPOREK MICHAEL MKTY Common Stock, $0.01 par value D 0
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)