As of September 22, 2026, Soluna Holdings's top three insider holders are Michael Toporek (Chief Executive Officer, 17.13Mn shares), John Belizaire (Chief Executive Officer, 7.06Mn shares), Ryan Carver (Chief Development Officer, 3.20Mn shares).
| # | Insider | Position | Direct | Indirect | Total | Share of Insiders | Last Filed |
|---|---|---|---|---|---|---|---|
| 1 | Michael Toporek | Chief Executive Officer | 18,379,071 | 0 | 18,379,071 | 38.7% | 03 Jun, 2026 |
| 2 | John Belizaire | Chief Executive Officer | 7,161,147 | 0 | 7,161,147 | 15.1% | 01 Sep, 2026 |
| 3 | Ryan Carver | Chief Development Officer | 3,200,000 | 0 | 3,200,000 | 6.7% | 04 Aug, 2026 |
| 4 | William P Phelan | Director | 2,343,030 | 0 | 2,343,030 | 4.9% | 04 Sep, 2026 |
| 5 | David C Michaels | Chief Financial Officer | 2,082,320 | 0 | 2,082,320 | 4.4% | 03 Jun, 2026 |
| 6 | Thomas J Marusak | Director | 2,051,573 | 0 | 2,051,573 | 4.3% | 03 Jun, 2026 |
| 7 | William Hazelip | Director | 1,730,746 | 0 | 1,730,746 | 3.6% | 03 Jun, 2026 |
| 8 | Matthew E. Lipman | Director | 1,730,292 | 0 | 1,730,292 | 3.6% | 03 Jun, 2026 |
| 9 | John Bottomley | Director | 1,730,048 | 0 | 1,730,048 | 3.6% | 03 Jun, 2026 |
| 10 | Edward R Hirshfield | Director | 1,702,719 | 0 | 1,702,719 | 3.6% | 03 Jun, 2026 |
| 11 | Mary Jennifer Oreilly | Chief People Officer | 1,687,486 | 0 | 1,687,486 | 3.6% | 17 Sep, 2026 |
| 12 | Jessica L. Thomas | Chief Accounting Officer | 1,512,317 | 0 | 1,512,317 | 3.2% | 17 Sep, 2026 |
| 13 | Michael Picchi | Chief Financial Officer | 1,431,250 | 0 | 1,431,250 | 3.0% | 31 Aug, 2026 |
| 14 | Agnieszka Teresa Budzyn | Director | 485,000 | 0 | 485,000 | 1.0% | 03 Dec, 2025 |
| 15 | John Tunison | Chief Financial Officer | 282,186 | 0 | 282,186 | 0.6% | 12 Jun, 2025 |
| 16 | Philip F Jr Patman | Chief Financial Officer | 2,082 | 0 | 2,082 | 0.0% | 18 Apr, 2023 |
| 17 | Alykhan Madhavji | Director | 345 | 0 | 345 | 0.0% | 25 Mar, 2022 |
Each row is that insider’s most recently reported position, from Form 4 filings over the last 60 months — which is why this total does not tie to the quarterly series above, where a quarter counts only the insiders who filed in it. Shares held through a fund or institutional portfolio are counted on the institutional ownership page instead.
| Date | Insider | Position | Transaction | Shares | Price | Value | Shares Held After | Ownership |
|---|---|---|---|---|---|---|---|---|
| 01 Sep, 2026 | Jessica L. Thomas | Chief Accounting Officer | Disposed F | 5,343 | $1.05 | $5.61K | 1,511,417 | Direct |
| 01 Sep, 2026 | Mary Jennifer Oreilly | Chief People Officer | Disposed F | 16,189 | $1.05 | $17.00K | 1,687,486 | Direct |
| 03 Sep, 2026 | William P Phelan | Director | Disposed S | 12,037 | $1.12 | $13.48K | 2,279,985 | Direct |
| 28 Aug, 2026 | William P Phelan | Director | Disposed S | 5,039 | $12.25 | $61.73K | 66,233 | Direct |
| 01 Sep, 2026 | John Belizaire | Chief Executive Officer | Disposed S | 1,000 | $11.91 | $11.91K | 98,042 | Direct |
| 31 Aug, 2026 | William P Phelan | Director | Disposed S | 3,188 | $12.08 | $38.51K | 63,045 | Direct |
| 28 Aug, 2026 | Michael Picchi | Chief Financial Officer | Acquired P | 20,000 | $1.13 | $22.60K | 1,431,250 | Direct |
| 26 Aug, 2026 | John Belizaire | Chief Executive Officer | Acquired P | 50,000 | $1.20 | $60.00K | 7,063,105 | Direct |
| 25 Aug, 2026 | William P Phelan | Director | Disposed S | 5,000 | $12.00 | $60.00K | 81,233 | Direct |
| 26 Aug, 2026 | William P Phelan | Director | Disposed S | 1,862 | $12.09 | $22.51K | 79,371 | Direct |
| 27 Aug, 2026 | William P Phelan | Director | Disposed S | 8,099 | $12.08 | $97.84K | 71,272 | Direct |
| 21 Aug, 2026 | William P Phelan | Director | Disposed S | 8,843 | $12.29 | $108.68K | 91,233 | Direct |
| 24 Aug, 2026 | William P Phelan | Director | Disposed S | 5,000 | $11.66 | $58.30K | 86,233 | Direct |
| 20 Aug, 2026 | Michael Picchi | Chief Financial Officer | Acquired P | 20,000 | $1.15 | $23.00K | 1,401,250 | Direct |
| 24 Aug, 2026 | Michael Picchi | Chief Financial Officer | Acquired P | 10,000 | $1.14 | $11.40K | 1,411,250 | Direct |
| 19 Aug, 2026 | William P Phelan | Director | Disposed S | 5,000 | $12.61 | $63.05K | 101,233 | Direct |
| 20 Aug, 2026 | William P Phelan | Director | Disposed S | 1,157 | $12.45 | $14.40K | 100,076 | Direct |
| 17 Aug, 2026 | Edward R Hirshfield | Director | Disposed S | 9,007 | $12.34 | $111.15K | 0 | Direct |
| 01 Aug, 2026 | Ryan Carver | Chief Development Officer | Acquired A | 3,200,000 | $0.00 | $0 | 3,200,000 | Direct |
| 17 Jun, 2026 | William P Phelan | Director | Disposed S | 10,113 | $10.75 | $108.71K | 114,120 | Direct |