SLNH Soluna Holdings, Inc Insider Trading

CFO Michael Picchi purchases 100,000 shares of SLNH at $1.63; holds 1.38M shares post-transaction

Michael Picchi, Chief Financial Officer, purchased 100,000 shares at $1.63 on 2026-05-21, increasing his holdings to 1,381,250 shares, a net increase of 7.8% versus pre-transaction holdings. The purchase occurred when the current price stands at $1.67, -67.5% from the 52-week high of $5.14, and the stock has risen 91.5% over the prior 90 days. The company reported net income of -$17,466,000.00 in its most recent full fiscal year and revenue of $9,394,000.00 in the latest quarter, with annual revenue growth of -21.8% versus the prior fiscal year. The CFO's insider acquisition represents a material increase in personal shareholding during a period of negative profitability and declining revenues.

Director Michaels buys 9.1K shares of SLNH at $3.47; 11.6% position increase with 100% 90-day win rate on same ticker

Director David C Michaels purchased 9,100 shares at $3.47 on 2024-06-18, expanding his holdings from 78,726 to 87,826 shares (+11.6%). This represents a discretionary open-market buy at a price -35.0% from the 52-week high of $8.98. The transaction is notable for his prior trading history at SLNH: all 3 prior buys at this ticker (2023-12-13, 2023-12-14, 2023-12-15) posted positive 90-day returns, including a +25.3% 90-day gain on the oldest prior purchase. However, this must be weighed against deteriorating fundamentals: the company reported -26.2% annual revenue decline and a net loss of $-5,254,000.00 in the latest quarter, with $12,549,000.00 quarterly revenue and negative full-year net income. The purchase occurs in a stock that is up +120.4% over the past 30 days and +102.8% over 90 days, suggesting the buy follows sharp recent appreciation rather than initiation at depressed levels.

CEO Belizaire John purchased 9,123 shares (+5.5% of holdings) on 2024-06-18; stock +120.4% in 30 days but company unprofitable with -26.2% annual revenue decline.

CEO John Belizaire acquired 9,123 shares to bring his total holdings to 173,810 shares, representing a 5.5% increase in his position. The purchase occurs in a company with deteriorating fundamentals—Soluna posted a net income of $-5.3M on quarterly revenue of $12.5M and faces -26.2% annual revenue contraction with a negative full-year net income. The stock's price action shows extreme volatility (+120.4% over 30 days, +102.8% over 90 days) from a depressed base (52-week low $1.52), currently trading 35.0% below its 52-week high. The timing of the CEO's purchase against this backdrop of unprofitability and revenue decline warrants close investor examination of whether the acquisition reflects operational recovery confidence or carries elevated execution risk.