Milton C. Ault III - Jan 9, 2023 Form 4 Insider Report for Ault Alliance, Inc. (AULT)

Role: Executive Chairman, Director, 10%+ Owner
Signature: /s/ Milton C. Ault, III
Stock symbol: AULT
Transactions as of: Jan 9, 2023
Transactions value $: $0
Form type: 4
Date filed: 1/11/2023, 07:00 PM
Previous filing: Dec 30, 2022
Next filing: Feb 13, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AULT	Common Stock	Options Exercise	$0	+300K	+58.85%	$0.00	810K	Jan 9, 2023	Direct	F1
holding	AULT	Common Stock						50M	Jan 9, 2023	By Ault Alpha LP	F2
holding	AULT	Common Stock						1.66M	Jan 9, 2023	By Ault & Company, Inc.	F3
holding	AULT	Common Stock						3.41K	Jan 9, 2023	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	-300K	-100%	$0.00^*	0	Jan 9, 2023	Common Stock	300K		Direct	F5, F6

* 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 LP ("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 Philou Ventures, LLC.
F5	Each restricted stock unit is the economic equivalent of one share of common stock, par value $0.001, of Ault Alliance, Inc. (formerly, BitNile Holdings, Inc.) (the "Issuer").
F6	On January 8, 2021, Mr. Ault was granted 400,000 restricted shares of the Issuer's common stock, which initially vest in four equal installments on each of November 15, 2022, May 1, 2023, November 15, 2023 and May 15, 2024. In November 2022, the Issuer's stockholders, at the Issuer's annual stockholder meeting, approved the acceleration of the vesting of the last three tranches, after approval by the NYSE American. The final 300,000 shares of the Issuer's common stock were issued on January 9, 2023.