Milton C. Ault III - Sep 23, 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: Sep 23, 2022
Transactions value $: $294,820
Form type: 4
Date filed: 9/26/2022, 05:18 PM
Previous filing: Sep 9, 2022
Next filing: Sep 27, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AULT	Common Stock	Purchase	$4.97K	+25.5K	+6.22%	$0.19	435K	Sep 23, 2022	Direct	F1
transaction	AULT	Common Stock	Purchase	$276K	+1.37M	+3.21%	$0.20	44M	Sep 23, 2022	By Ault Alpha LP	F2, F3, F4
transaction	AULT	13% Series D Cumulative Redeemable Perpetual Preferred Stock	Purchase	$13.9K	+1K	+1.11%	$13.89^*	91K	Sep 23, 2022	By Ault Alpha LP	F4, F5
holding	AULT	Common Stock						1.66M	Sep 23, 2022	By Ault & Company, Inc.	F6
holding	AULT	Common Stock						3.41K	Sep 23, 2022	By Philou Ventures, LLC	F7

* 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 $0.1949. The range of purchase prices on the transaction date was $0.1939 to $0.1949 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	The common stock purchased by Ault Alpha LP ("Ault Alpha") was effected pursuant to a Rules 10b-18 and 10b5-1 stock purchase plan dated May 24, 2022, adopted by Ault Alpha.
F3	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 $0.2015. The range of purchase prices on the transaction date was $0.2000 to $0.2026 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.
F4	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.
F5	The preferred stock was purchased by the reporting person in open market transactions on the transaction date, with a volume weighted average purchase price of $13.8934. The range of purchase prices on the transaction date was $13.82 to $13.85 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.
F6	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.
F7	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 Philou Ventures, LLC.