Milton C. Ault III - Nov 4, 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 4, 2021
Transactions value $
-$4,824
Form type
4
Date filed
11/8/2021, 04:00 PM
Previous filing
Nov 4, 2021
Next filing
Nov 10, 2021

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 Put Option (obligation to buy) Sale -$4.82K -50 -50% $96.49 50 Nov 4, 2021 Common Stock 5K $2.50 By Digital Power Lending, LLC F1, F2, F3
holding ALZN Call Option (right to buy) 150 Nov 4, 2021 Common Stock 15K $2.50 By Digital Power Lending, LLC F2, F3
holding ALZN Call Option (right to buy) 400 Nov 4, 2021 Common Stock 40K $2.50 By Digital Power Lending, LLC F2, F3
holding ALZN Call Option (right to buy) 1.02K Nov 4, 2021 Common Stock 102K $5.00 By Digital Power Lending, LLC F2, F3
holding ALZN Call Option (right to buy) 400 Nov 4, 2021 Common Stock 40K $10.00 By Digital Power Lending, LLC( F2, F3
holding ALZN Call Option (right to buy) 50 Nov 4, 2021 Common Stock 5K $7.50 By Digital Power Lending, LLC F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Digital Power Lending, LLC ("DPL") wrote 50 put option contracts expiring in May 2022 which provide that DPL will be required to purchase shares of common stock at the stated strike price if the counterparty exercises such put options.
F2 The security listed is an exchange-traded option contract. Exchange-traded options are immediately exercisable and remain exercisable until expiration.
F3 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.