Form 4: Hyperscale Data Executive Chairman Boosts Stake

Milton C. Ault III, Executive Chairman and 10% owner of Hyperscale Data, Inc., purchased additional common stock in open market transactions.

Summary

• Milton C. Ault III, Executive Chairman, Director, and 10% Owner of Hyperscale Data, Inc. (GPUS), acquired additional shares of common stock.
• On September 15, 2025, Mr. Ault purchased 6,000 shares of common stock at a volume-weighted average price of $0.5165 per share.
• The purchase price range for the September 15, 2025 transaction was between $0.4464 and $0.7107 per share.
• On September 17, 2025, Mr. Ault purchased an additional 3,000 shares of common stock at a volume-weighted average price of $0.4036 per share.
• The purchase price range for the September 17, 2025 transaction was between $0.3888 and $0.4069 per share.
• Following these transactions, Mr. Ault directly holds 15,050 shares of common stock and 116 shares of 13% Series D Cumulative Redeemable Perpetual Preferred Stock.
• Additionally, 19,249 shares of common stock are indirectly beneficially owned by Mr. Ault through Ault & Company, Inc., where he serves as Chief Executive Officer.

Sentiment

Score: 8

Explanation: The sentiment is positive due to significant insider buying by a key executive and major shareholder, indicating strong confidence in the company's valuation and future prospects.

Positives

• Increased insider ownership by a key executive and significant shareholder, Milton C. Ault III, signals confidence in the company's future prospects.
• The purchases were made in open market transactions, indicating a direct investment decision by the insider.

Negatives

• No direct negatives are reported in this Form 4 filing, which primarily details beneficial ownership changes.

Risks

• The reported price ranges for the common stock purchases ($0.4464 to $0.7107 on 09/15/2025 and $0.3888 to $0.4069 on 09/17/2025) indicate volatility in the company's share price, which could impact future investment value.

Future Outlook

This Form 4 filing does not contain forward-looking statements or guidance regarding the company's future financial performance or strategic direction.

Management Comments

• Milton C. Ault III undertakes to provide, upon request by the SEC staff, the issuer, or a security holder of the issuer, full information regarding the number of shares purchased at each price for the reported transactions.

Industry Context

This filing is a routine insider transaction report and does not provide specific insights into broader industry trends or competitive landscape for Hyperscale Data, Inc.

Corporate Governance

Related Party Transactions

• Milton C. Ault III is deemed to beneficially own shares held by Ault & Company, Inc., where he serves as Chief Executive Officer, establishing a related party relationship for indirect ownership.

Stakeholder Impact

• Shareholders may view the insider purchases as a positive signal, potentially increasing confidence in the company's stock.
• The increased stake by a significant owner could align management and shareholder interests more closely.

Key Dates

Recommendation

The significant open market purchases by Milton C. Ault III, who serves as Executive Chairman, Director, and a 10% owner, demonstrate strong conviction in Hyperscale Data, Inc.'s value. Insider buying is often a bullish signal, suggesting that those with the most intimate knowledge of the company believe its shares are undervalued or poised for growth. This action by a key insider warrants a 'buy' recommendation for investors looking for positive internal signals.

Keywords

Hyperscale Data, GPUS, Milton C. Ault III, Insider Buying, Form 4, Beneficial Ownership, Common Stock, Executive Chairman, 10% Owner