GPUS.AMEXHyperscale Data, INC

Form 4: Ault Alliance Executive Chairman Milton C. Ault III Reports Beneficial Ownership Changes

Sentiment:

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Milton C. Ault III, Executive Chairman of Ault Alliance, reports transactions involving Series C Convertible Preferred Stock and Warrants.

Summary

  • On August 5, 2024, Milton C. Ault III, the Executive Chairman of Ault Alliance, filed a Form 4 detailing changes in his beneficial ownership of the company's securities.
  • The reported transactions involve Series C Convertible Preferred Stock and Series C Warrants.
  • Ault indirectly owns 44,300 shares of Common Stock and 13,096,823 shares of Common Stock through Ault & Company, Inc., where he serves as CEO.
  • He also indirectly owns 88,692 Series C Warrants through Ault & Company, Inc.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, so the sentiment is neutral.

Industry Context

Form 4 filings are a standard part of regulatory compliance for individuals with significant ownership in publicly traded companies, providing transparency into their transactions.

Stakeholder Impact

  • The filing provides transparency to shareholders regarding the transactions of a key executive.

Key Dates

DateDescription
08/02/2024As of this date, the conversion price of Series C Convertible Preferred Stock was $0.22 per share.
08/05/2024Date of the reported transactions and filing of Form 4.
02/05/2025Expiration date of Series C Warrants.
08/04/2029Expiration date of Series C Warrants.

Keywords

Form 4, Beneficial Ownership, Ault Alliance, Milton C. Ault III, Series C Convertible Preferred Stock, Series C Warrants, AULT

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