Ault & Company, Inc. - May 12, 2021 Form 4 Insider Report for Ault Global Holdings, Inc. (AULT)

Role
Other*
Signature
By: /s/ Milton C. Ault, III, CEO
Stock symbol
AULT
Transactions as of
May 12, 2021
Transactions value $
$415,029
Form type
4
Date filed
6/21/2021, 09:34 PM

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AULT Common Stock Conversion of derivative security $400K +276K +25.57% $1.45 1.35M May 12, 2021 Direct F1
transaction AULT Common Stock Purchase $15K +5.59K +0.41% $2.69 1.36M Jun 18, 2021 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction AULT 8% Convertible Promissory Note Conversion of derivative security $0 0 $1,000,000.00* $0 May 12, 2021 Common Stock 276K $1.45 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Ault & Company, Inc. is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 On February 5, 2020, the Issuer sold and issued an 8% Convertible Promissory Note in the principal amount of $1,000,000 (the "Note") to the Reporting Person, which Note was convertible into shares of the Issuer's common stock, par value $0.001 per share (the "Common Stock") at a conversion price of $1.45 per share. On May 12, 2021, the Reporting Person converted the remaining $400,000 of principal of the Note into 275,862 shares of Common Stock.
F2 The Note was convertible, at the election of the Reporting Person, prior to payment, or prepayment, in full.
F3 Excludes shares issuable at the election of the Reporting Person upon conversion of accrued interest into shares of Common Stock.

Remarks:

Milton C. Ault, III, who is the Chief Executive Officer of the Reporting Person and is deemed to beneficially own the shares of the Reporting Person, is the Executive Chairman of the Issuer.