Milton C. Ault III - 02 Sep 2025 Form 4 Insider Report for Hyperscale Data, Inc. (GPUS)

Signature
/s/ Milton C. Ault, III
Issuer symbol
GPUS
Transactions as of
02 Sep 2025
Net transactions value
+$4,000,000
Form type
4
Filing time
04 Sep 2025, 16:30:13 UTC
Previous filing
27 Aug 2025
Next filing
10 Sep 2025

Reporting Owners (2)

Name Relationship Address Signature Signature date CIK
AULT MILTON C III Executive Chairman, Director, 10%+ Owner 11411 SOUTHERN HIGHLANDS PARKWAY, SUITE 190, LAS VEGAS /s/ Milton C. Ault, III 04 Sep 2025 0001212502
Ault & Company, Inc. 10%+ Owner 11411 SOUTHERN HIGHLANDS PARKWAY, SUITE 190, LAS VEGAS /s/ Milton C. Ault, III, Chief Executive Officer of Ault & Company, Inc. 03 Sep 2025 0001734770

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 GPUS Series H Convertible Preferred Stock Award $4,000,000 +4,000 $1000.00 4,000 02 Sep 2025 Common Stock By Ault & Company, Inc. F1, F2, F3, F4
holding GPUS Series C Convertible Preferred Stock 50,000 02 Sep 2025 Common Stock By Ault & Company, Inc. F4, F5, F6, F7
holding GPUS Series G Convertible Preferred Stock 960 02 Sep 2025 Common Stock By Ault & Company, Inc. F4, F5, F8, F9, F10
holding GPUS Series C Warrants 422,337 02 Sep 2025 Common Stock 422,337 $118.39 By Ault & Company, Inc. F4, F11
holding GPUS Series G Warrants 162,217 02 Sep 2025 Common Stock 162,217 $5.92 By Ault & Company, Inc. F4, F11
holding GPUS October 2023 Warrants 54,498 02 Sep 2025 Common Stock 54,498 $160.74 By Ault & Company, Inc. F4, F11
holding GPUS Class B Common Stock 4,234,561 02 Sep 2025 Common Stock 4,234,561 $0.000000 By Ault & Company, Inc. F4, F12, F13
holding GPUS Class B Common Stock 346 02 Sep 2025 Common Stock 346 $0.000000 Direct F12, F13
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 As of September 4, 2025, the Series H Conversion Price was $0.419475 per share, so each share of Series H Convertible Preferred Stock is convertible into approximately 2,383.93 shares of Class A Common Stock.
F2 Each share of Series H Convertible Preferred Stock has a stated value of $1,000.00 and is convertible into shares of Class A Common Stock at a conversion price equal to the greater of (i) $0.10 per share and (ii) the lesser of (A) $0.79645 or (B) 105% of the volume weighted average price of the Class A Common Stock during the ten trading days immediately prior to the date of conversion (the "Series H Conversion Price"). The Series H Conversion Price is subject to adjustment in the event of an issuance of Class A 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.
F3 The Series H Convertible Preferred Stock has no expiration date.
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.
F5 As of September 4, 2025, the Series C Conversion Price was $0.419475 per share, so each share of Series C Convertible Preferred Stock is convertible into approximately 2,383.93 shares of Class A Common Stock.
F6 Each share of Series C Convertible Preferred Stock has a stated value of $1,000.00 and is convertible into shares of Class A Common Stock at a conversion price equal to the greater of (i) $0.10 per share and (ii) the lesser of (A) $183.58 or (B) 105% of the volume weighted average price of the Class A Common Stock during the ten trading days immediately prior to the date of conversion (the "Series C Conversion Price"). The Series C Conversion Price is subject to adjustment in the event of an issuance of Class A 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.
F7 The Series C Convertible Preferred Stock has no expiration date.
F8 As of September 4, 2025, the Series G Conversion Price was $0.419475 per share, so each share of Series G Convertible Preferred Stock is convertible into approximately 2,383.93 shares of Class A Common Stock.
F9 Each share of Series G Convertible Preferred Stock has a stated value of $1,000.00 and is convertible into shares of Class A Common Stock at a conversion price equal to the greater of (i) $0.10 per share and (ii) the lesser of (A) $6.74 or (B) 105% of the volume weighted average price of the Class A Common Stock during the ten trading days immediately prior to the date of conversion (the "Series G Conversion Price"). The Series G Conversion Price is subject to adjustment in the event of an issuance of Class A 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.
F10 The Series G Convertible Preferred Stock has no expiration date
F11 The October 2023, the Series C Warrants and the Series G Warrants have a five-year term, expiring on the fifth anniversary of the date of issuance, and become exercisable on the first business day after the six-month anniversary of the date of issuance.
F12 Each share of Class B Common Stock is convertible into one share of Class A Common Stock.
F13 The Class B Common Stock does not expire.

Remarks:

Mr. Ault, Chief Executive Officer of Ault & Co., is a director of the Issuer. For purposes of Section 16 of the Exchange Act, Ault & Co. may be deemed a director by deputization by virtue of its representation on the Board of Directors of the Issuer.