Jeffrey Bentz - Sep 6, 2022 Form 4 Insider Report for BitNile Holdings, Inc. (AULT)

Role
Director
Signature
/s/ Jeffrey Bentz
Stock symbol
AULT
Transactions as of
Sep 6, 2022
Transactions value $
$0
Form type
4
Date filed
9/9/2022, 09:00 PM
Previous filing
May 17, 2022
Next filing
Sep 19, 2022

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 Stock Option (Right to Buy) Award $0 +2.5M $0.00* 0 Sep 6, 2022 Common Stock 2.5M $0.29 Direct F1
transaction AULT Restricted Stock Grant Award $0 +1.5M $0.00* 0 Sep 6, 2022 Common Stock 1.5M Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On September 6, 2022, Mr. Bentz was granted options to purchase 2,500,000 shares of common stock, par value $0.001 per share ("Common Stock") of BitNile Holdings, Inc. (the "Issuer"), which shall vest in equal monthly increments over 48 months, beginning January 1, 2023 through December 1, 2026, which will be exercisable subject to receipt of approval therefor by the Issuer's stockholders and the NYSE American.
F2 Each restricted stock unit is the economic equivalent of one share of Common Stock.
F3 On September 6, 2022, Mr. Bentz was granted 1,500,000 restricted shares of Common Stock, of which 500,000 and 1,000,000 shares, respectively, shall vest on the second and fourth anniversary of the date of approval by the Issuer's stockholders of the grant, subject to receipt of approval therefor by the Issuer's stockholders and the NYSE American.