Milton C. Ault III - Aug 25, 2023 Form 4 Insider Report for BitNile Metaverse, Inc. (BNMV)

Role
10%+ Owner
Signature
/s/ Milton C. Ault, III
Stock symbol
BNMV
Transactions as of
Aug 25, 2023
Transactions value $
$147,540
Form type
4
Date filed
8/28/2023, 06:00 AM
Previous filing
Aug 25, 2023
Next filing
Sep 6, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BNMV Common Stock Purchase $148K +146K +70.41% $1.01 354K Aug 25, 2023 By Ault Lending, LLC F1, F2
holding BNMV Common Stock 2.1K Aug 25, 2023 Direct
holding BNMV Common Stock 34K Aug 25, 2023 By Ault Alpha LP F3
* 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 $1.0093. The range of purchase prices on the transaction date was $0.9598 to $1.0548 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 Ault Lending, LLC ("Ault Lending") is a wholly owned subsidiary of Ault Alliance, Inc ("AAI"). The Reporting Person is the Executive Chairman of AAI and is deemed to have voting and investment power with respect to the securities held of record by Ault Lending.
F3 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.