Form 4: Hyperscale Data Executive Chairman Boosts Stake

Milton C. Ault III, Executive Chairman of Hyperscale Data, Inc., increased his beneficial ownership of common stock through open market purchases totaling 315,000 shares.

Summary

• Milton C. Ault III, Executive Chairman, Director, and 10% Owner of Hyperscale Data, Inc. (GPUS), reported multiple purchases of the company's common stock.
• On December 19, 2025, Mr. Ault directly purchased 15,000 shares of common stock at a volume-weighted average price of $0.2262 per share, with a price range of $0.2191 to $0.2333.
• Also on December 19, 2025, Ault & Company, Inc., where Mr. Ault is CEO, indirectly purchased 100,000 shares of common stock at $0.2329 per share.
• On December 22, 2025, Ault & Company, Inc. indirectly purchased an additional 200,000 shares of common stock at $0.2332 per share.
• Following these transactions, Mr. Ault's direct beneficial ownership is 75,550 shares of common stock, and indirect beneficial ownership through Ault & Company, Inc. is 900,005 shares of common stock.
• The filing also notes beneficial ownership of 116 shares of 13% Series D Cumulative Redeemable Perpetual Preferred Stock, though no transaction was reported for this security.

Sentiment

Score: 8

Explanation: The significant open market purchases by a key executive and 10% owner indicate strong insider confidence in the company's future, which is a positive signal for investors.

Positives

• Significant insider buying by the Executive Chairman and a 10% owner, Milton C. Ault III, totaling 315,000 shares of common stock.
• The purchases demonstrate management's confidence in the company's future prospects at current price levels.
• The transactions were executed in the open market, indicating a direct investment decision.

Future Outlook

The filing does not contain specific forward-looking statements or guidance regarding the company's future performance or strategic direction.

Management Comments

• The common stock was purchased by the reporting person in open market transactions on the transaction date, with a volume weighted average purchase price of $0.2262.
• The reporting person 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.
• 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

This insider buying activity by a key executive and significant shareholder suggests a positive internal view of Hyperscale Data, Inc.'s prospects, potentially signaling confidence in its position within the data center or AI infrastructure industry, though the filing itself does not provide specific industry-related details.

Comparison to Industry Standards

• Not applicable, as this filing reports specific insider transactions rather than operational or financial results that can be benchmarked against industry peers.

Related Party Transactions

• Purchases made by Ault & Company, Inc., where Milton C. Ault III is the Chief Executive Officer, are considered indirect beneficial ownership for Mr. Ault. This represents transactions between entities controlled by the same individual.

Stakeholder Impact

• Shareholders: Likely positive, as significant insider buying can boost investor confidence and potentially signal future stock appreciation.
• Management/Employees: May reinforce a sense of stability and confidence in the company's leadership and direction.

Key Dates

Recommendation

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

Keywords

Hyperscale Data, GPUS, Milton C. Ault III, insider buying, common stock, SEC Form 4, beneficial ownership, executive chairman, director, 10% owner, open market purchase