Form 4: Hyperscale Data Executive Chairman Boosts Stake

Hyperscale Data, Inc.'s Executive Chairman, Milton C. Ault III, increased his beneficial ownership of common stock through recent open market purchases.

Summary

• Milton C. Ault III, Executive Chairman, Director, and 10% Owner of Hyperscale Data, Inc. (GPUS), reported multiple acquisitions of the company's common stock.
• On December 1, 2025, 100,000 shares of common stock were acquired indirectly by Ault & Company, Inc. at a price of $0.2741 per share.
• On December 2, 2025, an additional 1,000 shares of common stock were acquired directly by Milton C. Ault III at a price of $0.2921 per share.
• Following these transactions, Milton C. Ault III beneficially owns 374,905 shares of common stock indirectly through Ault & Company, Inc., and 25,550 shares directly.
• Milton C. Ault III also directly owns 116 shares of 13% Series D Cumulative Redeemable Perpetual Preferred Stock.
• The transactions were made pursuant to a contract, instruction, or written plan for the purchase or sale of equity securities intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Sentiment

Score: 7

Explanation: The significant insider buying by a key executive and major shareholder indicates strong confidence in the company's valuation and future prospects, which is generally viewed positively by the market.

Positives

• Significant insider buying by the Executive Chairman and a 10% owner, Milton C. Ault III, signals strong confidence in the company's future prospects.
• The transactions were executed under a Rule 10b5-1(c) plan, indicating pre-planned purchases rather than reactive trading.

Future Outlook

NA

Management Comments

• Milton C. Ault, III, is the Chief Executive Officer of Ault & Company, Inc. 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

NA

Corporate Governance

Related Party Transactions

• Milton C. Ault III, as Executive Chairman, Director, and 10% owner, and CEO of Ault & Company, Inc. (also a 10% owner), engaged in transactions involving the issuer's securities. These transactions are inherently related-party dealings due to his multiple roles and significant ownership.

Stakeholder Impact

• Shareholders may interpret the insider buying as a positive signal, potentially increasing investor confidence in the company's stock.
• The market may react positively to the news of a key executive increasing their stake, suggesting a belief in future growth or undervaluation.

Key Dates

Recommendation

The significant insider purchases by Executive Chairman Milton C. Ault III and Ault & Company, Inc. signal strong confidence in Hyperscale Data, Inc.'s future. While this is a positive indicator, a comprehensive investment decision would require further analysis beyond this transactional report, such as financial performance, market conditions, and strategic outlook, to move beyond a 'hold' recommendation.

Keywords

Hyperscale Data, GPUS, Insider Trading, Form 4, Stock Purchase, Milton C. Ault III, Ault & Company, Executive Chairman, 10% Owner