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sellModerate cluster of 3

David C Michaels sold $55k of SLNH

Chief Financial Officer at Soluna Holdings, Inc. 6,686 shares at an average of $8.18, traded Dec 12, 2025, filed Dec 15, 2025.

Warning score
44
Value
$55k
6,686 shares
Holdings after
52,977
-1% from before
From 52-week low
+378%
low $0.40, close $1.91
From 52-week high
-57%
high $4.42, as of Dec 12, 2025

Score components

  • Role
    CFO
    +22
  • Trade size
    $55k at market
    +7
  • Share of holdings sold
    Sold 0.6% of holdings
    0
  • Cluster
    3 insiders selling within 14 days
    +15

What happened after comparable sells

Same side and tier, against the S&P 500, at 1, 3 and 6 months. Shown to Pro users; the whole table is on the backtest page.

This signal so far: 1m +18.9%, 3m -44.8%, 6m +8.4%.

Price around the trade, and since

From a quarter before the trade to today. The arrow is the trade, the circle the day the filing reached EDGAR, which is the first day anyone outside could act; the dotted line is the S&P 500 rebased to that day's close.

SLNHOct 9, 2026 · close 0.90
Since filing Dec 15, 2025: -37.1%SPY +15.5% · excess -52.6%

Daily candles, adjusted for splits and dividends. Green arrows are insider buys, red are sells, sized by value; the dashed line is the close on the filing day, the dotted line SPY rebased to it.Charts by TradingView Lightweight Charts™

Rows in this filing

Every transaction in Form 4 0001493152-25-027752, as filed. Open on EDGAR

DateTransactionSharesPriceValueHoldings afterFiled
Dec 12, 2025SOpen-market sale
Common Stock
-1,017$2.19$2,2271,179,787Dec 15, 2025
Dec 12, 2025SOpen-market sale
9.0% Series A Cumulative Perpetual Preferred Stock
-5,669$9.26$52k52,977Dec 15, 2025

Related signals

Other insiders at Soluna Holdings, Inc and this insider’s other filings.

ScoreCompanyInsiderValueHoldingsFiled
21Weak
SLNHsell
Soluna Holdings, Inc
Jessica L. Thomas
Chief Accounting Officer
$38k
30,000 shares
-2%
23Weak
SLNHsell 2
Soluna Holdings, Inc
William P Phelan
director
$13k
12,037 shares
-1%
13Weak
SLNHsell 210b5-1
Soluna Holdings, Inc
John Belizaire
Chief Executive Officer
$12k
1,000 shares
-1%
45Moderate
SLNHsell 3
Soluna Holdings, Inc
William P Phelan
director
$100k
8,227 shares
-12%
43Moderate
SLNHbuy 2
Soluna Holdings, Inc
Michael Picchi
Chief Financial Officer
$23k
20,000 shares
+1%
43Moderate
SLNHbuy 2
Soluna Holdings, Inc
John Belizaire
Chief Executive Officer
$60k
50,000 shares
+1%
47Moderate
SLNHsell 3
Soluna Holdings, Inc
William P Phelan
director
$180k
14,961 shares
-17%
46Moderate
SLNHsell 3
Soluna Holdings, Inc
William P Phelan
director
$167k
13,843 shares
-14%
44Moderate
SLNHbuy 2
Soluna Holdings, Inc
Michael Picchi
Chief Financial Officer
$34k
30,000 shares
+2%
38Weak
SLNHsell 3
Soluna Holdings, Inc
William P Phelan
director
$77k
6,157 shares
-6%

Not investment advice. Scores and forward returns are decision support built from public SEC filings and past prices; they describe what happened after comparable filings, not what will happen after this one. Do your own research and size your risk.

David C Michaels sold $55k of SLNH | InsiderTell