Milton C. Ault III - 11 Apr 2023 Form 4 Insider Report for Ault Disruptive Technologies Corp

Role: Director, 10%+ Owner
Signature: /s/ Milton C. Ault, III, Executive Chairman
Issuer symbol: N/A
Transactions as of: 11 Apr 2023
Net transactions value: -$3,144
Form type: 4
Filing time: 13 Apr 2023, 18:27:18 UTC
Previous filing: 07 Apr 2023
Next filing: 21 Apr 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ADRT	Common Stock	Sale	$12,576	-1,200	-100%	$10.48	0	11 Apr 2023	By Ault Lending, LLC	F1, F2
holding	ADRT	Common Stock						2,875,000	11 Apr 2023	By Ault Disruptive Technologies Company, LLC	F3

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	ADRT	Warrants	Sale	$9,432	+900		$10.48	0	11 Apr 2023	Common Stock	900	$11.50	By Ault Lending, LLC	F1, F2, F4
holding	ADRT	Warrants						7,100,000	11 Apr 2023	Common Stock	7,100,000	$11.50	By Ault Disruptive Technologies Company, LLC	F3, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The price reflects the total price per unit, each unit consisted of one share of common stock and three-fourths of one redeemable warrant ("Unit").
F2	Ault Lending, LLC ("AL") is a wholly-owned subsidiary of Ault Alliance, Inc. ("AAI"). Mr. Ault, the Executive Chairman of AAI, is deemed to have voting and investment power with respect to the securities held of record by AL.
F3	Ault Disruptive Technologies Company, LLC (the "Sponsor") is a wholly-owned subsidiary of AAI. Mr. Ault, the Executive Chairman of AAI, is deemed to have voting and investment power with respect to the securities held of record by the Sponsor.
F4	The Warrants may be exercised during the period commencing on the consummation by the Issuer of a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or other similar business combination with one or more businesses or entities (a "Business Combination") and terminating at 5:00 p.m., New York City time, on the date that is five years after the consummation of the Issuer's initial Business Combination or earlier upon redemption or the liquidation of the Issuer.