4/A: Hyperscale Data Insider Purchases Amended Filing

An amended SEC Form 4 reveals Milton C. Ault III and Ault & Company, Inc. jointly filed insider purchases of Hyperscale Data, Inc. common stock.

Summary

• Milton C. Ault III, Executive Chairman and 10% owner of Hyperscale Data, Inc., along with Ault & Company, Inc., filed an amended Form 4.
• The amendment clarifies that the reporting persons are filing jointly as a group for Section 16 purposes.
• No changes were made to the previously reported transactions or holdings from the original filing on August 21, 2025.
• On August 19, 2025, Mr. Ault directly purchased 200 shares of common stock at a volume-weighted average price of $0.5991 per share, with a price range of $0.5982 to $0.60.
• On August 20, 2025, Mr. Ault directly purchased an additional 1,550 shares of common stock at a volume-weighted average price of $0.5451 per share, with a price range of $0.5401 to $0.5560.
• On August 20, 2025, Ault & Company, Inc. indirectly purchased 10,000 shares of common stock at $0.5724 per share.
• Following these transactions, Mr. Ault directly beneficially owns 2,350 shares of common stock and 116 shares of 13% Series D Cumulative Redeemable Perpetual Preferred Stock.
• Ault & Company, Inc. indirectly beneficially owns 19,249 shares of common stock, which Mr. Ault is deemed to beneficially own as its Chief Executive Officer.

Sentiment

Score: 7

Explanation: The insider purchases by a key executive and a significant shareholder indicate confidence in the company's prospects, which is generally a positive signal for investors.

Positives

• Milton C. Ault III, a Director, 10% Owner, and Executive Chairman, increased his direct beneficial ownership of common stock by 1,750 shares through open market purchases.
• Ault & Company, Inc., a 10% owner and entity controlled by Mr. Ault, increased its indirect beneficial ownership of common stock by 10,000 shares.
• Insider purchases signal management's confidence in the company's future prospects and valuation.

Future Outlook

No forward-looking statements or guidance are provided in this filing.

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 $0.5991. The range of purchase prices on the transaction date was $0.5982 to $0.60 per share."
• "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 $0.5451. The range of purchase prices on the transaction date was $0.5401 to $0.5560 per share."
• "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."
• "The original Form 4 filed on August 21, 2025 (the 'Original Filing') is amended by this Form 4 amendment solely to indicate that the reporting person is filing jointly as a group with Ault & Co. No changes have been made to the transactions or holdings previously reported in the Original Filing."
• "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 filing details specific insider trading activity and does not provide broader industry context or trends. The purchases reflect an individual's and related entity's confidence in Hyperscale Data, Inc. rather than a general industry outlook.

Corporate Governance

Related Party Transactions

• Milton C. Ault III, as Chief Executive Officer of Ault & Company, Inc., is deemed to beneficially own the shares held by Ault & Co., establishing a related party relationship for the indirect purchases reported.

Stakeholder Impact

• Shareholders may view the insider purchases as a positive signal, potentially increasing confidence in the company's stock and its future performance.
• The clarification of joint filing ensures transparency and compliance with regulatory requirements, benefiting all stakeholders by providing clear information on beneficial ownership.

Key Dates

Recommendation

The insider purchases by Executive Chairman Milton C. Ault III and Ault & Company, Inc. are a positive signal, indicating management's confidence in Hyperscale Data, Inc.'s future prospects. However, this filing is an amendment primarily clarifying a joint filing status, and while the purchases are noted, they are not new information. The amounts, while significant for an individual, are not exceptionally large in the context of a public company, suggesting a 'hold' rather than a 'strong buy' until further fundamental developments or larger-scale insider activity are observed.

Keywords

Hyperscale Data, GPUS, Insider Trading, Form 4, Ault Milton C III, Ault & Company, Common Stock, Preferred Stock, SEC Filing