Milton C. Ault III - 03 Sep 2021 Form 4 Insider Report for Alzamend Neuro, Inc. (ALZN)

Role
10%+ Owner
Signature
/s/ Milton C. Ault, III
Issuer symbol
ALZN
Transactions as of
03 Sep 2021
Net transactions value
$0
Form type
4
Filing time
03 Sep 2021, 17:07:00 UTC
Previous filing
07 Sep 2021
Next filing
09 Sep 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ALZN Common Stock Options Exercise $0 +150,000 $0.000000 150,000 03 Sep 2021 Direct F1
holding ALZN Common Stock 6,715,388 03 Sep 2021 By Digital Power Lending, LLC F2
holding ALZN Common Stock 15,000,000 03 Sep 2021 By Ault Life Sciences, Inc. F3
holding ALZN Common Stock 10,000,000 03 Sep 2021 By Ault Life Sciences Fund, LLC 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 ALZN Stock Options (Right to Buy) Options Exercise $0 -150,000 -6% $0.000000 2,350,000 03 Sep 2021 Common Stock 150,000 $0.000400 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This transaction was effected pursuant to Rule 16b-3 with shares of common stock received upon the exercise of stock options.
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 Mr. Ault has sole voting and investment power with respect to the securities held of record by Ault Life Sciences, Inc.
F4 Mr. Ault has sole voting and investment power with respect to the securities held of record by Ault Life Sciences Fund, LLC.
F5 The stock options exercised in this transaction were fully vested and exercisable as of the transaction date.