Milton C. Ault III - 02 Aug 2024 Form 4 Insider Report for Ault Alliance, Inc. (GPUS)

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	Series C Convertible Preferred Stock	Purchase	$300,000	+300	+0.68%	$1000.00^*	44,300	05 Aug 2024	Common Stock			By Ault & Company, Inc.	F1, F2, F3, F4
transaction	AULT	Series C Warrants	Purchase	$0	+88,692	+0.68%	$0.000000	13,096,823	05 Aug 2024	Common Stock	88,692	$0.2200	By Ault & Company, Inc.	F4

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

Id	Content
F1	Each share of Series C Convertible Preferred Stock has a stated value of $1,000.00 and is convertible into shares of Common Stock at a conversion price equal to the greater of (i) $0.10 per share and (ii) the lesser of (A) $0.22 or (B) 105% of the volume weighted average price of the Common Stock during the ten trading days immediately prior to the date of conversion (the "Conversion Price"). The Conversion Price is subject to adjustment in the event of an issuance of Common Stock at a price per share lower than the Conversion Price then in effect, as well as upon customary stock splits, stock dividends, combinations or similar events.
F2	The Series C Convertible Preferred Stock has no expiration date.
F3	As of August 2, 2024, the Conversion Price was $0.22 a share, so each share of Series C Convertible Preferred Stock is convertible into approximately 4,545 shares of Common Stock.
F4	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.