Milton C. Ault III - Jul 30, 2021 Form 4 Insider Report for Alzamend Neuro, Inc. (ALZN)

Role
10%+ Owner
Signature
/s/ Milton C. Ault, III
Stock symbol
ALZN
Transactions as of
Jul 30, 2021
Transactions value $
$2,044,981
Form type
4
Date filed
8/3/2021, 07:45 PM
Previous filing
Jul 27, 2021
Next filing
Aug 2, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ALZN Common Stock Purchase $22.8K +5K +0.09% $4.57* 5.35M Jul 30, 2021 By Digital Power Lending, LLC F1, F2
transaction ALZN Common Stock Purchase $2M +1.33M +24.94% $1.50 6.68M Jul 30, 2021 By Digital Power Lending, LLC F2, F3
transaction ALZN Common Stock Purchase $6.84K +1.5K +0.02% $4.56* 6.68M Aug 2, 2021 By Digital Power Lending, LLC F2, F4
transaction ALZN Common Stock Purchase $2.18K +500 +0.01% $4.35* 6.68M Aug 3, 2021 By Digital Power Lending, LLC F2
holding ALZN Common Stock 15M Jul 30, 2021 By Ault Life Sciences, Inc. F5
holding ALZN Common Stock 10M Jul 30, 2021 By Ault Life Sciences Fund, LLC F6

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 ALZN Common Stock Purchase Warrants Purchase +667K 667K Jul 30, 2021 Common Stock 667K $1.50 By Digital Power Lending, LLC F2, F3, F7
transaction ALZN Call Option (right to buy) Purchase $5.26K +500 $10.51* 500 Jul 30, 2021 Common Stock 50K $10.00 By Digital Power Lending, LLC F2, F8
transaction ALZN Call Option (right to buy) Purchase $3.11K +20 +66.67% $155.51 50 Jul 30, 2021 Common Stock 2K $5.00 By Digital Power Lending, LLC F2, F8
transaction ALZN Call Option (right to buy) Purchase $805 +10 +50% $80.51* 30 Jul 30, 2021 Common Stock 1K $10.00 By Digital Power Lending, LLC F2, F8
transaction ALZN Call Option (right to buy) Purchase $955 +10 +50% $95.51 30 Jul 30, 2021 Common Stock 1K $7.50 By Digital Power Lending, LLC F2, F8
transaction ALZN Call Option (right to buy) Purchase $705 +10 +33.33% $70.51* 40 Aug 3, 2021 Common Stock 1K $10.00 By Digital Power Lending, LLC F2, F8
transaction ALZN Call Option (right to buy) Purchase $2.29K +10 $228.51 10 Aug 3, 2021 Common Stock 1K $2.50 By Digital Power Lending, LLC F2, F8
holding ALZN Common Stock Purchase Warrants 1.33M Jul 30, 2021 Common Stock 1.33M $1.50 By Digital Power Lending, LLC F2, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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 $4.5687. The range of purchase prices on the transaction date was $4.45 to $4.71 per share. 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.
F2 Digital Power Lending, LLC ("DPL") is a wholly-owned subsidiary of Ault Global Holdings, Inc. ("AGH"). Mr. Ault, the Executive Chairman of AGH, is deemed to have voting and investment power with respect to the securities held of record by DPL.
F3 DPL purchased 1,333,333 shares of the Issuer's common stock and warrants to purchase 666,667 shares of the Issuer's common stock with an exercise price of $3.00 per share, pursuant to a securities purchase agreement dated March 9, 2021, entered into by and between DPL and the Issuer.
F4 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 $4.5633. The range of purchase prices on the transaction date was $4.50 to $4.595 per share. 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.
F5 Mr. Ault has sole voting and investment power with respect to the securities held of record by Ault Life Sciences, Inc.
F6 Mr. Ault has sole voting and investment power with respect to the securities held of record by Ault Life Sciences Fund, LLC.
F7 These warrants are exercisable, however, they are not deemed to be beneficially owned since they contain a beneficial ownership blocker provision preventing exercise if the exercise would result in the holder beneficially owning in excess of 4.99% of the Issuer's common stock.
F8 The security listed is an exchange-traded option contract. Exchange-traded options are immediately exercisable and remain exercisable until expiration.