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.