SLNH Soluna Holdings, Inc

NEUTRAL Impact: 3/10 Insider Cluster (2 insiders)
Horizon days Filed Jun 3, 2026 Processed 9d 11h ago
Insider cluster: 2 insiders, $20K total
Latest settled — T+1d
SLNH ▼ -11.26% at T+1d
NEUTRAL call ✗ call lost -11.26% · α vs SPY -8.68% · entry $1.51 → $1.34
Next anchor: T+5d due 3d ago
Currently $1.48 · -1.99% from $1.51 entry
Entry anchored
Jun 3, 03:59 PM ET
via Databento tick
T+1d
-11.26%
call -11.26% · α -8.68%
$1.34
settled 9d ago
T+5d
call — · α —
due 3d ago
T+20d
call — · α —
in 19d
T+60d
call — · α —
in 3mo

Price Chart

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Executive Summary

Two SLNH insiders — CEO Belizaire and Director Bottomley — each sold $10K of stock on June 1, 2026, totaling $20K in open-market sales. This represents ~0.009% of the $233M market cap, a trivial dollar amount. The same day, a massive grant/award of 15.6M shares (6.7% of diluted share count) was issued to directors and officers at $0, creating future overhang but no cash movement. The selling is immaterial relative to the company's size and is dwarfed by the incentive grant.

Key Financial Metrics

Direction
selling
Total Value
$20.0K
Insiders
2

Actionable Insight

The cluster is negligible in dollar terms and likely reflects routine portfolio diversification, not a bearish signal. The large equity grant suggests management alignment, not distress. No action warranted unless a much larger cluster or material corporate event emerges.

Key Facts

  • CEO John Belizaire sold 1,000 shares for $10K at $10.40 on June 1.
  • Director John Bottomley sold 1,000 shares for $10K at $10.00 on June 1.
  • Simultaneous grant of ~15.6M shares at $0 to directors and executives (non-cash, incentive compensation).
  • Total open-market sale value is $20K, which is 0.009% of SLNH's $233M market cap.
  • Prior 30-day insider activity: only $10K in sales, consistent with trivial pattern.

Financial Impact

$20K total open-market selling, immaterial vs $233M market cap

dilutioninsider ownership

Risk Factors

  • Equity grant overhang (~15.6M shares) could pressure stock if insiders sell post-vesting.
  • CEO selling even a small amount may raise optics questions, but dollar value is too small to be meaningful.

Market Snapshot

Exchange
Nasdaq
Sector
Finance Services
Analyst Consensus
86% bullish (7 analysts)

Documents Analyzed

This report is based on 1 SEC document filed with EDGAR.

DocumentAccession Number
CLUSTER Data (Synthetic)cluster-SLNH-1780519446444
2 reports for SLNH
Performance horizon

Track record builds as more directional reports settle.

Filters
Rows
Reports for SLNH — sortable, filterable
Type Now
Jun 3, 2026
9d ago
Insider Cluster
NEUTRAL ★ 3/10
$1.51 $1.34▼ −11.26%▼ −8.68%$1.48 (−1.99%)
Mar 9, 2026
13w ago
S-3
BEARISH ★ 7/10
$0.7900 $0.8400▼ −6.33%▼ −6.43%$1.48 (−87.34%)
Showing 2 of 2

US Market Status

Market Closed — Opens Mon (53h 8m)

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