Form 4: Hyperscale Data Executive Chairman Boosts Stake

Milton C. Ault III, Executive Chairman of Hyperscale Data, Inc., increased his direct and indirect 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), made several open market purchases of common stock.
• On December 12, 2025, Mr. Ault acquired 3,000 shares of common stock at a volume-weighted average price of $0.2680 per share, with prices ranging from $0.2639 to $0.2719. This increased his direct beneficial ownership to 38,550 shares.
• On December 15, 2025, Mr. Ault acquired an additional 12,000 shares of common stock at a volume-weighted average price of $0.2432 per share, with prices ranging from $0.2384 to $0.2565. This increased his direct beneficial ownership to 50,550 shares.
• On December 15, 2025, Ault & Company, Inc., where Mr. Ault is CEO and is deemed to beneficially own the shares, acquired 125,100 shares of common stock at $0.2592 per share. This resulted in an indirect beneficial ownership of 600,005 shares for Mr. Ault.
• Mr. Ault also directly owns 116 shares of 13% Series D Cumulative Redeemable Perpetual Preferred Stock.

Sentiment

Score: 8

Explanation: The significant open market purchases by a key insider (Executive Chairman and 10% owner) signal strong confidence in the company's future, which is a highly positive indicator for investors.

Positives

• Significant insider buying by the Executive Chairman and a 10% owner, signaling confidence in the company's future prospects.
• The purchases were made in open market transactions, indicating a voluntary investment decision by management.

Negatives

• The share prices for the common stock purchases were relatively low, ranging from $0.2384 to $0.2719, which could reflect a low current market valuation.

Future Outlook

NA

Management Comments

• Milton C. Ault, III, as Chief Executive Officer of Ault & Company, Inc., is deemed to beneficially own the shares held by Ault & Co.
• Ault & Co. may be deemed a director by deputization by virtue of its representation on the Board of Directors of the Issuer.

Industry Context

This filing reflects an insider's personal investment decision, which is generally seen as a vote of confidence in the company's specific strategy and performance rather than a direct reflection of broader industry trends. However, in the data center/hyperscale industry, insider confidence can be a positive signal amidst competitive landscapes.

Related Party Transactions

• Milton C. Ault III, Executive Chairman, Director, and 10% Owner, engaged in open market purchases of common stock. Ault & Company, Inc., where Mr. Ault is CEO, also acquired common stock, with Mr. Ault deemed to beneficially own these shares.

Stakeholder Impact

• Shareholders may view the insider purchases as a strong signal of management's belief in the company's value and future performance, potentially increasing investor confidence.
• The purchases by a 10% owner and Executive Chairman could be interpreted as a commitment to long-term growth and alignment of interests with other shareholders.

Key Dates

Recommendation

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

Keywords

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