Milton C. Ault III - May 15, 2022 Form 4 Insider Report for BitNile Holdings, Inc. (AULT)

Role: Executive Chairman, Director, 10%+ Owner
Signature: /s/ Milton C. Ault, III
Stock symbol: AULT
Transactions as of: May 15, 2022
Transactions value $: $0
Form type: 4
Date filed: 5/17/2022, 08:25 PM
Previous filing: May 13, 2022
Next filing: May 18, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AULT	Common Stock	Options Exercise	$0	+66.7K	+42.43%	$0.00	224K	May 15, 2022	Direct	F1
holding	AULT	Common Stock						7.1M	May 15, 2022	By Ault Alpha LP	F2
holding	AULT	Common Stock						1.66M	May 15, 2022	By Ault & Company, Inc.	F3
holding	AULT	Common Stock						3.41K	May 15, 2022	By Philou Ventures, 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	AULT	Restricted Stock Grant	Options Exercise	$0	-66.7K	-100%	$0.00^*	0	May 15, 2022	Common Stock	66.7K		Direct	F5, F6
holding	AULT	Restricted Stock Grant						400K	May 15, 2022	Common Stock	400K		Direct	F5, F7

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents the vesting of restricted stock.
F2	Milton C. Ault, III, is the Manager of Ault Alpha GP LLC ("Ault GP") and Ault Capital Management LLC ("AC Management"). Ault GP and AC Management are the general partner and investment manager to Ault Alpha, respectively. As such, Mr. Ault is deemed to beneficially own the shares held by Ault Alpha.
F3	Milton C. Ault, III, is the Chief Executive Officer of Ault & Company, Inc. ("Ault & Co.") and is deemed to beneficially own the shares held by Ault & Co.
F4	Ault & Co. is the Manager of Philou Ventures, LLC. Milton C. Ault, III, as the Chief Executive Officer of Ault & Co., is deemed to beneficially own the shares held by Ault & Co.
F5	Each restricted stock unit is the economic equivalent of one share of common stock, par value $0.001, of BitNile Holdings, Inc.
F6	On November 2, 2020, Mr. Ault was granted 200,000 restricted shares of the Issuer's common stock, which vested in three equal installments as follows: 66,666 shares on August 20, 2021, 66,667 shares on November 15, 2021, and 66,667 shares on May 15, 2022.
F7	On January 8, 2021, Mr. Ault was granted 400,000 restricted shares of the Issuer's common stock, which vest in four equal installments on each of November 15, 2022, May 1, 2023, November 15, 2023 and May 15, 2024.