Form 4: Hyperscale Data Executive Chairman Boosts Stake

Milton C. Ault III, Executive Chairman and 10% owner of Hyperscale Data, Inc., increased his direct beneficial ownership of common stock through open market purchases.

Summary

• Milton C. Ault III, who serves as Director, 10% Owner, and Executive Chairman of Hyperscale Data, Inc. (GPUS), reported open market purchases of common stock.
• On September 26, 2025, Mr. Ault purchased 688 shares of common stock at a volume-weighted average price of $0.4456 per share, with prices ranging from $0.4436 to $0.455.
• On September 30, 2025, Mr. Ault acquired an additional 2,012 shares of common stock at a volume-weighted average price of $0.4284 per share, with prices ranging from $0.4176 to $0.4301.
• Following these transactions, Mr. Ault directly beneficially owns 19,250 shares of common stock.
• Additionally, 19,249 shares of common stock are indirectly beneficially owned by Ault & Company, Inc., where Mr. Ault is the Chief Executive Officer and is deemed to beneficially own these shares.
• Mr. Ault also directly owns 116 shares of 13% Series D Cumulative Redeemable Perpetual Preferred Stock.
• Ault & Company, Inc. is also identified as a 10% owner and may be deemed a director by deputization due to its representation on the Issuer's Board of Directors.

Sentiment

Score: 8

Explanation: The sentiment is highly positive due to significant insider buying by a key executive and 10% owner, indicating strong confidence in the company's value and future.

Positives

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

Future Outlook

The filing does not contain explicit forward-looking statements or guidance, but insider buying can be interpreted as a positive signal for future performance.

Management Comments

• Milton C. Ault, III, is the Chief Executive Officer of Ault & Company, Inc. ('Ault & Co.') and is deemed to beneficially own the shares held by Ault & Co.
• Mr. Ault, Chief Executive Officer of Ault & Co., is a director of the Issuer.
• For purposes of Section 16 of the Exchange Act, Ault & Co. may be deemed a director by deputization by virtue of its representation on the Board of Directors of the Issuer.

Industry Context

Insider buying by a high-ranking executive and significant shareholder typically indicates a belief in the company's undervalued status or strong future prospects, which can be a positive indicator for investors in the data center or technology sector.

Comparison to Industry Standards

• Insider buying activity, especially by a Director and 10% owner, is generally viewed favorably across all industries as it aligns management's interests with those of shareholders. While specific comparable companies or projects are not detailed in this Form 4, such purchases often precede positive company developments or reflect confidence in strategic initiatives, similar to how executives at companies like NVIDIA or Microsoft might increase their holdings if they foresee strong growth.

Corporate Governance

Related Party Transactions

• Milton C. Ault III, as CEO of Ault & Company, Inc., is deemed to beneficially own shares held by Ault & Company, Inc., establishing a related party beneficial ownership structure.

Stakeholder Impact

• Shareholders may view the insider buying as a positive sign, potentially increasing investor confidence and demand for the stock.
• The increased alignment of management's interests with shareholders through direct stock ownership could be beneficial for long-term value creation.

Key Dates

Recommendation

The significant open market purchases by Milton C. Ault III, who holds multiple key roles including Executive Chairman, Director, and 10% Owner, signals strong insider confidence in Hyperscale Data, Inc.'s future prospects and current valuation. Such insider buying often precedes positive developments or reflects a belief that the stock is undervalued, making it a compelling 'strong buy' signal for seasoned investors.

Keywords

Hyperscale Data, GPUS, Insider Buying, Form 4, Milton C. Ault III, Executive Chairman, Stock Purchase, Beneficial Ownership, Ault & Company