Milton C. Ault III - Aug 20, 2021 Form 4 Insider Report for Ault Global Holdings, Inc. (AULT)

Role: Executive Chairman, Director
Signature: /s/ Milton C. Ault, III
Stock symbol: AULT
Transactions as of: Aug 20, 2021
Transactions value $: $0
Form type: 4
Date filed: 8/24/2021, 08:22 PM
Previous filing: Aug 17, 2021
Next filing: Sep 1, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AULT	Common Stock	Options Exercise	$0	+66.7K		$0.00	66.7K	Aug 20, 2021	Direct	F1
holding	AULT	Common Stock						2.54K	Aug 20, 2021	Direct
holding	AULT	Common Stock						1.66M	Aug 20, 2021	By Ault & Company, Inc.	F3
holding	AULT	Common Stock						3.41K	Aug 20, 2021	By Philou Ventures, LLC	F2, F4

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	Restricted Stock Grant	Options Exercise	$0	-66.7K	-33.33%	$0.00	133K	Aug 20, 2021	Common Stock	66.7K		Direct	F5, F6
transaction	AULT	Restricted Stock Grant	Award	$0	+400K		$0.00	400K	Aug 20, 2021	Common Stock	400K		Direct	F5, F7
transaction	AULT	Stock Options (Right to Buy)	Disposed to Issuer		-400K	-100%		0	Aug 20, 2021	Common Stock	400K	$4.49	Direct	F8
transaction	AULT	Stock Options (Right to Buy)	Award		+400K			400K	Aug 20, 2021	Common Stock	400K	$2.55	Direct	F8

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents the vesting of restricted stock.
F2	Does not include 2,232 shares of the Issuer's Common Stock issuable upon conversion of the Issuer's Series B Convertible Preferred Stock and 2,232 shares of Common Stock issuable upon the exercise of certain warrants held by Philou Ventures, LLC ("Philou Ventures").
F3	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.
F4	Ault & Co. is the Manager of Philou Ventures. Milton C. Ault, III, as the Chief Executive Officer of Ault & Co., is deemed to beneficially own the shares held by Ault & Co.
F5	Each restricted stock unit is the economic equivalent of one share of Common Stock, par value $0.001, of Ault Global Holdings, Inc.
F6	On November 2, 2020, Mr. Ault was granted 200,000 restricted shares of the Issuer's Common Stock (the "Restricted Shares"), which vest in three equal installments as follows: 66,666 shares on August 20, 2021, 66,667 shares on November 15, 2021, and 66,667 shares on May 15, 2022. The grant of Restricted Shares was approved at the Issuer's Annual Meeting of Stockholders on August 13, 2021, and authorized by the NYSE American on August 20, 2021.
F7	On January 8, 2021, Mr. Ault was granted 400,000 Restricted Shares, which vest in four installments on each of November 15, 2022, May 1, 2023, November 15, 2023 and May 15, 2024. The grant of Restricted Shares was approved at the Issuer's Annual Meeting of Stockholders on August 13, 2021, and authorized by the NYSE American on August 20, 2021.
F8	On April 26, 2021, the Issuer's Board of Directors approved an option repricing effective August 20, 2021, which resulted in, for purposes of Section 16 of the Exchange Act, the cancellation of these stock options granted to Mr. Ault on January 8, 2021, in exchange for new stock options (the "Options") having a lower exercise price of $2.55 per share. All of the other terms of the Options remained unchanged. The Options were approved at the Issuer's Annual Meeting of Stockholders on August 13, 2021, and authorized by the NYSE American on August 20, 2021.