Form 4: Ault Alliance Executive Chairman Milton C. Ault III Increases Stake in Company

Milton C. Ault III, Executive Chairman of Ault Alliance, Inc., reports purchasing additional shares of common stock in open market transactions.

Summary

• On May 22, 2024, Milton C. Ault III, the Executive Chairman of Ault Alliance, Inc., acquired shares of the company's common stock through open market purchases.
• Ault directly purchased 1,983 shares at a volume weighted average price of $0.3856, with prices ranging from $0.361 to $0.40 per share.
• Additionally, Ault indirectly acquired 15,000 shares through Ault & Company, Inc., at a volume weighted average price of $0.3916, with prices ranging from $0.3905 to $0.3922 per share.
• Following these transactions, Ault directly owns 2,245 shares of common stock and indirectly owns 15,229 shares through Ault & Company, Inc.
• Ault also owns 110 shares of 13% Series D Cumulative Redeemable Perpetual Preferred Stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. Insider buying can be a positive signal, but the amount is relatively small and may not significantly impact investor sentiment.

Positives

• The Executive Chairman's purchase of shares may signal confidence in the company's future prospects.

Industry Context

Insider buying is often seen as a positive sign, suggesting that those with the most knowledge of the company believe its stock is undervalued. However, it's important to consider the size of the purchase relative to the insider's existing holdings and the overall market capitalization of the company.

Stakeholder Impact

• The increased stake of the Executive Chairman could potentially increase investor confidence.

Key Dates

Keywords

Ault Alliance, Milton C. Ault III, stock purchase, Form 4, beneficial ownership, AULT