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Company Executives

Officer Age In this role Joined Pay Source
Matthew E. Lipman Also a director
Chief Executive Officer and Director
47 Not stated Not stated Not reported
Edward Schultz
Chief Financial Officer
42 Since 2023
3 years
Not stated Not reported
Kevin Grotke
President and CEO of TotalStone
53 Not stated 2010 Not reported

Each officer opens the passage of the filing that names them. A title that changed since the list comes from the officer's latest Form 3, 4 or 5, and its start year is not stated there. "Not stated" means the filing does not say. Pay is the proxy's Summary Compensation Table, which reports only the named executive officers.

Directors
7
serving now
Independent
1 of 1
stated in the proxy; 6 not stated
Average tenure
15.7 years
from year joined
CEO also chairs the board
No
Michael Toporek
Director Age On board Independent Committees Other public boards Pay Source
Michael Toporek
62 2017
9 years
Not stated None stated Soluna Holdings, Inc. Not stated
Matthew E. Lipman
47 2017
9 years
Not stated None stated Soluna Holdings, Inc. Paid as CEO
Charles Dana
71 Not stated Independent
Nominating and Corporate Governance Committee · Chair
None stated Not stated
Fredric J. Feldman, Ph.D.
86 1991
35 years
Not stated
Compensation Committee · Chair
None stated Not stated
Elwood D. Howse, Jr.
86 2025
1 year
Not stated None stated None stated Not stated
John M. Holliman, III
73 1987
39 years
Not stated
Audit Committee · Chair
None stated Not stated
Gordon Strout
63 2025
1 year
Not stated None stated None stated Not stated

Each director opens the passage of the proxy that names them. "Not stated" means the proxy does not say; it never means "no". Pay is the proxy's Director Compensation table; the CEO is paid as an executive.

10 disclosed in the proxy filed May 7, 2026
Brookstone Partners IAC
related party
$400,000 per annum

Consulting services agreement under which Brookstone Partners IAC provides consulting services, plus special services fee and management fee provisions.

With TotalStone, LLC Open in proxy
Stream Finance, LLC
creditor on TotalStone's mezzanine term loan, managed by Brookstone Partners
Approximately $3.0 million
As of December 31, 2025

Mezzanine term loan held by Stream Finance, LLC; outstanding balance as of December 31, 2025.

With TotalStone Open in proxy
Gordon Strout
director of the Company and Board Chairman of TotalStone
Approximately $145,000
As of December 31, 2025

Deferred compensation accrued and payable under executive agreement with TotalStone.

With TotalStone Open in proxy
former officer and current Board Member of TotalStone, LLC
former officer and current Board Member of TotalStone, LLC
$29,000 per month

TotalStone, LLC leased a facility from this person.

With TotalStone, LLC Open in proxy
BP Peptides, LLC
$572,700
2020

Conversion of accrued interest and secured debt into Common Stock at $23 per share.

With the Company Open in proxy
Brookstone Acquisition Partners XXI Corporation
affiliated with Brookstone Partners
$8.0 million
2021

Capstone's subsidiary Beta issued a promissory note to Brookstone XXI in connection with minority investment in Diamond Products.

With Diamond Products Holdings, LLC and Capstone Beta LLC Open in proxy
Brookstone
$1.9 million
2022

Conversion of accrued interest and debt from senior secured note into Common Stock at $24.75 per share.

With the Company Open in proxy
BPA XIV, LLC
entity controlled by Matthew Lipman, our Chief Executive Officer
Amount not stated

Surrendered TotalStone membership interests in exchange for Common Stock under the Master Exchange Agreement.

With the Company and TotalStone Open in proxy
Gordon Rocks, Inc.
entity controlled by Gordon Strout, a director
822,128 shares of Common Stock

Surrendered TotalStone membership interests in exchange for Common Stock under the Master Exchange Agreement.

With the Company and TotalStone Open in proxy
Brookstone Partners
entity controlled by our Chief Executive Officer and chairman of our board of directors
$200,000
March 2025

Advisory fee paid related to the Public Offering.

With the Company Open in proxy

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