Milton C. Ault III - 31 Dec 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
31 Dec 2021
Net transactions value
+$20,960
Form type
4
Filing time
03 Jan 2022, 15:30:15 UTC
Previous filing
27 Dec 2021
Next filing
06 Jan 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ALZN Common Stock Purchase $15,290 +8,000 +0.12% $1.91 6,955,000 31 Dec 2021 By Digital Power Lending, LLC F1, F2
holding ALZN Common Stock 250,000 31 Dec 2021 Direct
holding ALZN Common Stock 15,000,000 31 Dec 2021 By Ault Life Sciences, Inc F3
holding ALZN Common Stock 10,000,000 31 Dec 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 Call Option (right to buy) Purchase $5,671 +70 $81.01* 70 31 Dec 2021 Common Stock 7,000 $2.50 By Digital Power Lending, LLC F2, F5
holding ALZN Call Option (right to buy) 400 31 Dec 2021 Common Stock 40,000 $2.50 By Digital Power Lending, LLC F2, F5
holding ALZN Call Option (right to buy) 1,020 31 Dec 2021 Common Stock 102,000 $5.00 By Digital Power Lending, LLC F2, F5
holding ALZN Call Option (right to buy) 50 31 Dec 2021 Common Stock 5,000 $7.50 By Digital Power Lending, LLC F2, F5
holding ALZN Call Option (right to buy) 400 31 Dec 2021 Common Stock 40,000 $10.00 By Digital Power Lending, LLC F2, F5
holding ALZN Call Option (right to buy) 150 31 Dec 2021 Common Stock 15,000 $2.50 By Digital Power Lending, LLC F2, F5
holding ALZN Call Option (right to buy) 150 31 Dec 2021 Common Stock 15,000 $2.50 By Digital Power Lending, LLC F2, F5
holding ALZN Put Option (obligation to buy) 50 31 Dec 2021 Common Stock 5,000 $2.50 By Digital Power Lending, LLC F2, F5
* 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 $1.9112. The range of purchase prices on the transaction date was $1.90 to $1.9299 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 BitNile Holdings, Inc. ("BH"). Mr. Ault, the Executive Chairman of BH, 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 security listed is an exchange-traded option contract. Exchange-traded options are immediately exercisable and remain exercisable until expiration.