X0306 4 2022-11-22 0 0000064463 Soluna Holdings, Inc SLNH 0001183209 MICHAELS DAVID C C/O SOLUNA HOLDINGS, INC. 325 WASHINGTON AVENUE EXTENSION ALBANY NY 12205 1 0 0 0 Stock Options (Right to Buy) 0.9512 2022-11-22 4 A 0 78125 0 A 2027-11-22 Common Stock 78125 147725 D The stock options were received as compensation for their services on the Board of Directors in lieu of quarterly cash payments for September 30, 2022 and December 31, 2022. The options become exercisable in two equal installments, 50% immediately and 50% on December 31, 2022. The stock options expire five years from the grant date. The exercise price is based on a 25% premium on the closing price of SLNH common stock as of 11/22/2022. /s/ Christopher Gandolfo, Attorney in Fact 2022-11-23