Milton C. Ault III - Nov 2, 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
Nov 2, 2021
Transactions value $
$11,726
Form type
4
Date filed
11/4/2021, 05:00 PM
Previous filing
Oct 25, 2021
Next filing
Nov 8, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ALZN Common Stock Options Exercise $0 +100K +66.67% $0.00 250K Nov 3, 2021 Direct F1
holding ALZN Common Stock 6.72M Nov 2, 2021 By Digital Power Lending, LLC F2
holding ALZN Common Stock 15M Nov 2, 2021 By Ault Life Sciences, Inc. F3
holding ALZN Common Stock 10M Nov 2, 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 -100K -4.26% $0.00 2.25M Nov 3, 2021 Common Stock 100K $0.00 Direct F5
transaction ALZN Call Option (right to buy) Purchase $3.98K +50 $79.51* 50 Nov 2, 2021 Common Stock 5K $2.50 By Digital Power Lending, LLC F2, F6
transaction ALZN Call Option (right to buy) Purchase $7.75K +100 +200% $77.51* 150 Nov 3, 2021 Common Stock 10K $2.50 By Digital Power Lending, LLC F2, F6
holding ALZN Call Option (right to buy) 400 Nov 2, 2021 Common Stock 40K $2.50 By Digital Power Lending, LLC F2, F6
holding ALZN Call Option (right to buy) 1.02K Nov 2, 2021 Common Stock 102K $2.50 By Digital Power Lending, LLC( F2, F6
holding ALZN Call Option (right to buy) 400 Nov 2, 2021 Common Stock 40K $10.00 By Digital Power Lending, LLC F2, F6
holding ALZN Call Option (right to buy) 50 Nov 2, 2021 Common Stock 5K $7.50 By Digital Power Lending, LLC F2, F6
* 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.
F6 The security listed is an exchange-traded option contract. Exchange-traded options are immediately exercisable and remain exercisable until expiration.