Milton C. Ault III - Sep 23, 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
Sep 23, 2022
Transactions value $
$69,458
Form type
4
Date filed
9/26/2022, 06:45 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 ALZN Common Stock Other $69.5K +73.5K +0.73% $0.95 10.1M Sep 23, 2022 By Ault Lending, LLC F1, F2
holding ALZN Common Stock 2.5M Sep 23, 2022 Direct
holding ALZN Common Stock 14.9M Sep 23, 2022 By Ault Life Sciences, Inc. F3
holding ALZN Common Stock 10M Sep 23, 2022 By Ault Life Sciences Fund, LLC F4
holding ALZN Common Stock 325K Sep 23, 2022 By Ault Alpha LP F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On September 23, 2022, Ault Lending, LLC, formerly known as Digital Power Lending, LLC ("Ault Lending"), received 73,500 shares of the Issuer's common stock from Charge! Energy Storage, Inc., as settlement in the amount of $69,457.50 for an outstanding promissory note dated April 17, 2019.
F2 Ault Lending, LLC 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 Ault Lending.
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.