Form 4: Milton C. Ault III Increases Stake in Hyperscale Data

Executive Chairman Milton C. Ault III reported the acquisition of 100 shares of 13% Series D Cumulative Redeemable Perpetual Preferred Stock via Ault & Company, Inc.

Summary

• Milton C. Ault III, Executive Chairman of Hyperscale Data, Inc. (GPUS), reported a transaction involving the acquisition of 100 shares of 13% Series D Cumulative Redeemable Perpetual Preferred Stock.
• The shares were purchased at a price of $21.19 per share on May 28, 2026.
• The acquisition was made indirectly through Ault & Company, Inc., an entity where Mr. Ault serves as CEO.
• Following the transaction, the reporting person maintains beneficial ownership of 2,600,005 shares of Class A Common Stock and 100 shares of the Series D Preferred Stock through Ault & Company, Inc.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event; while insider buying is generally positive, the transaction size is negligible relative to the total outstanding shares.

Positives

• Insider confidence demonstrated by the purchase of company securities by the Executive Chairman.
• Continued alignment of interests between the Executive Chairman and the company's capital structure.

Negatives

• The transaction volume is relatively small (100 shares) and may not signal a significant shift in strategic positioning.

Risks

• Concentration of ownership and control by Ault & Company, Inc. and Milton C. Ault III.
• Potential conflicts of interest arising from the dual role of the reporting person as an officer/director of the issuer and CEO of the purchasing entity.

Future Outlook

No specific forward-looking guidance or operational outlook was provided in this regulatory filing.

Management Comments

• 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

StockSavvy.ai notes that insider buying in micro-cap technology and data infrastructure firms is often viewed by the market as a signal of management's belief in the company's long-term valuation, though small-scale purchases are common in firms with concentrated ownership structures.

Comparison to Industry Standards

• The transaction follows standard regulatory disclosure requirements for Section 16 reporting persons.
• The use of 'director by deputization' is a specific legal framework often utilized in firms with significant institutional or private equity-style backing.

Related Party Transactions

• The transaction was executed by Ault & Company, Inc., an entity controlled by the Executive Chairman, Milton C. Ault III.

Stakeholder Impact

• Shareholders may interpret the purchase as a sign of stability from the Executive Chairman.

Next Steps

• Continued monitoring of Form 4 filings for further changes in beneficial ownership by the reporting person.

Key Dates

Keywords

Hyperscale Data, GPUS, Insider Trading, Form 4, Milton C. Ault III, Preferred Stock