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

Role
Other*
Signature
By: /s/ Milton C. Ault, III, CEO
Issuer symbol
GPUS
Transactions as of
12 May 2021
Net transactions value
+$415,029
Form type
4
Filing time
21 Jun 2021, 21:34:52 UTC
Next filing
20 Jun 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AULT Common Stock Conversion of derivative security $400,000 +275,862 +26% $1.45 1,354,829 12 May 2021 Direct F1
transaction AULT Common Stock Purchase $15,029 +5,587 +0.41% $2.69 1,360,416 18 Jun 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 $1000000.00* $0 12 May 2021 Common Stock 275,862 $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.