Milton C. Ault III - May 20, 2022 Form 4 Insider Report for Alzamend Neuro, Inc. (ALZN)

Role
10%+ Owner
Signature
/s/ Milton C. Ault, III
Stock symbol
ALZN
Transactions as of
May 20, 2022
Transactions value $
$0
Form type
4
Date filed
5/24/2022, 05:00 PM
Previous filing
May 18, 2022
Next filing
May 26, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ALZN Common Stock Other $9.75K +3.9K +0.04% $2.50* 9.82M May 20, 2022 By Digital Power Lending, LLC F1, F2
holding ALZN Common Stock 2.5M May 20, 2022 Direct
holding ALZN Common Stock 14.9M May 20, 2022 By Ault Life Sciences, Inc. F3
holding ALZN Common Stock 10M May 20, 2022 By Ault Life Sciences Fund, LLC F4
holding ALZN Common Stock 325K May 20, 2022 By Ault Alpha LP F5

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) Other -$9.75K -39 -100% $250.00 0 May 20, 2022 Common Stock 3.9K $2.50 By Digital Power Lending, LLC F1, F2, F6
holding ALZN Call Option (right to buy) 70 May 20, 2022 Common Stock 7K $2.50 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 On November 4, 2021, DPL wrote 50 put option contracts expiring in May 2022, which provided that DPL will be required to purchase shares of common stock at the stated strike price if the counterparty exercises such put options. On the transaction date listed above, the counterparty exercised 39 of such put options at $2.50 per share of common stock.
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 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 LP, respectively. As such, Mr. Ault is deemed to beneficially own the shares held by Ault Alpha LP.
F6 The security listed is an exchange-traded option contract. Exchange-traded options are immediately exercisable and remain exercisable until expiration.