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

Role
Director, 10%+ Owner
Signature
/s/ Milton C. Ault, III, Executive Chairman
Stock symbol
ADRT
Transactions as of
Apr 11, 2023
Transactions value $
-$3,144
Form type
4
Date filed
4/13/2023, 06:27 PM
Previous filing
Apr 7, 2023
Next filing
Apr 21, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ADRT Common Stock Sale -$12.6K -1.2K -100% $10.48 0 Apr 11, 2023 By Ault Lending, LLC F1, F2
holding ADRT Common Stock 2.88M Apr 11, 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 $9.43K +900 $10.48 0 Apr 11, 2023 Common Stock 900 $11.50 By Ault Lending, LLC F1, F2, F4
holding ADRT Warrants 7.1M Apr 11, 2023 Common Stock 7.1M $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.