Milton C. Ault III - 24 Feb 2022 Form 4 Insider Report for Alzamend Neuro, Inc. (ALZN)

Role
10%+ Owner
Signature
/s/ Milton C. Ault, III
Issuer symbol
ALZN
Transactions as of
24 Feb 2022
Net transactions value
+$25,960
Form type
4
Filing time
25 Feb 2022, 15:00:33 UTC
Previous filing
11 Feb 2022
Next filing
01 Mar 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 $25,960 +22,500 +0.32% $1.15 7,000,000 24 Feb 2022 By Digital Power Lending, LLC F1, F2
holding ALZN Common Stock 2,500,000 24 Feb 2022 Direct
holding ALZN Common Stock 15,000,000 24 Feb 2022 By Ault Life Sciences, Inc. F3
holding ALZN Common Stock 10,000,000 24 Feb 2022 By Ault Life Sciences Fund, LLC F4
* 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 $1.1538. The range of purchase prices on the transaction date was $1.08 to $1.17 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.