Soluna Holdings Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

NasdaqCM:SLNH Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Shares	Max Price
15 Jun 26	SellUS$8,225	Jessica Thomas	Individual	4,838	US$1.70
21 May 26	BuyUS$163,200	Michael Picchi	Individual	100,000	US$1.63
16 Dec 25	SellUS$1,833	William Phelan	Individual	1,300	US$1.41
12 Dec 25	SellUS$2,227	David Michaels	Individual	1,017	US$2.19
21 Nov 25	SellUS$13,323	John Belizaire	Individual	9,222	US$1.45

Insider Trading Volume

Insider Buying: SLNH insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

What is the ownership structure of SLNH?
Owner Type	Number of Shares	Ownership Percentage
Institutions	11,394,784	7.22%
Individual Insiders	55,962,993	35.5%
General Public	90,389,577	57.3%

Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 1046.9%.

Top Shareholders

Top 25 shareholders own 41.26% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
10.9%	Michael Toporek	17,132,816	US$27.6m	74.4%	no data
8.45%	Robert Bugbee	13,336,362	US$21.5m	45.5%	no data
4.45%	John Belizaire	7,013,105	US$11.3m	73%	no data
1.7%	Geode Capital Management, LLC	2,685,438	US$4.3m	42.1%	no data
1.45%	William Phelan	2,292,022	US$3.7m	73.8%	no data
1.29%	David Michaels	2,029,343	US$3.3m	72%	no data
1.27%	Thomas Marusak	1,998,596	US$3.2m	73.9%	no data
1.08%	Matthew Lipman	1,703,803	US$2.7m	74.3%	no data
1.08%	Mary O’Reilly	1,703,675	US$2.7m	74.3%	no data
1.08%	John Bottomley	1,703,559	US$2.7m	74.3%	no data
1.08%	William Hazelip	1,702,859	US$2.7m	77.6%	no data
1.08%	Edward Hirshfield	1,702,719	US$2.7m	74.4%	no data
0.96%	Jessica Thomas	1,516,760	US$2.4m	90.7%	no data
0.88%	Michael Picchi	1,381,250	US$2.2m	0%	no data
0.66%	Alpha Capital Anstalt	1,045,318	US$1.7m	0%	65.09%
0.56%	UBS Asset Management AG	890,303	US$1.4m	-19.3%	no data
0.53%	Renaissance Technologies LLC	835,277	US$1.3m	226%	no data
0.51%	Mirae Asset Global Investments Co., Ltd.	796,652	US$1.3m	15.2%	no data
0.5%	BlackRock, Inc.	784,988	US$1.3m	52%	no data
0.4%	Vanguard Capital Management, LLC	626,854	US$1.0m	0%	no data
0.37%	Marshall Wace LLP	587,033	US$945.1k	152%	no data
0.31%	Agnieszka Budzyn	485,000	US$780.8k	0%	no data
0.28%	Diametric Capital, LP	442,942	US$713.1k	73.1%	0.3%
0.22%	Intrinsic Edge Capital Management LLC	350,000	US$563.5k	29.6%	0.13%
0.21%	Yorkville Advisors Global LP	335,976	US$540.9k	-68.3%	0.14%

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/06/24 04:06
End of Day Share Price	2026/06/24 00:00
Earnings	2026/03/31
Annual Earnings	2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Soluna Holdings, Inc. is covered by 1 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Kevin Dede	H.C. Wainwright & Co.