Milton C. Ault III - 11 Sep 2025 Form 4 Insider Report for Hyperscale Data, Inc. (GPUS)

Signature
/s/ Milton C. Ault, III
Issuer symbol
GPUS
Transactions as of
11 Sep 2025
Net transactions value
+$61,315
Form type
4
Filing time
20 Nov 2025, 17:40:08 UTC
Previous filing
10 Sep 2025
Next filing
17 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 20 Nov 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. 20 Nov 2025 0001734770

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GPUS Common Stock Purchase $185 +500 +2.6% $0.3700 19,750 11 Sep 2025 Direct
transaction GPUS Common Stock Purchase $898 +3,800 +19% $0.2363 23,550 18 Nov 2025 Direct F1
transaction GPUS Common Stock Purchase $48,782 +205,656 +1068% $0.2372 224,905 18 Nov 2025 By Ault & Company, Inc. F2, F3
transaction GPUS Common Stock Purchase $11,450 +50,000 +22% $0.2290 274,905 19 Nov 2025 By Ault & Company, Inc. F3
holding GPUS 13% Series D Cumulative Redeemable Perpetual Preferred Stock 116 11 Sep 2025 Direct

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 Class B Common Stock Award $0 +1,375 +397% $0.000000 1,721 31 Oct 2025 Common Stock 1,375 $0.000000 Direct F4, F5, F6
transaction GPUS Class B Common Stock Award $0 +10,445,137 +247% $0.000000 14,679,698 31 Oct 2025 Common Stock 10,445,137 $0.000000 By Ault & Company, Inc. F3, F4, F5, F6
holding GPUS Series C Convertible Preferred Stock 50,000 11 Sep 2025 Common Stock By Ault & Company, Inc. F3, F7, F8, F9
holding GPUS Series G Convertible Preferred Stock 960 11 Sep 2025 Common Stock By Ault & Company, Inc. F3, F10, F11, F12
holding GPUS Series H Convertible Preferred Stock 4,000 11 Sep 2025 Common Stock By Ault & Company, Inc. F3, F13, F14, F15
holding GPUS Series C Warrants 422,337 11 Sep 2025 Common Stock 422,337 $118.39 By Ault & Company, Inc. F3, F16
holding GPUS Series G Warrants 162,217 11 Sep 2025 Common Stock 162,217 $5.92 By Ault & Company, Inc. F3, F16
holding GPUS October 2023 Warrants 54,498 11 Sep 2025 Common Stock 54,498 $160.74 By Ault & Company, Inc. F3, F16
* 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 $0.2363. The range of purchase prices on the transaction date was $0.2149 to $0.2439 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 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 $0.2372. The range of purchase prices on the transaction date was $0.2315 to $0.2432 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.
F3 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.
F4 Each share of Class B Common Stock is convertible into one share of Class A Common Stock.
F5 The Class B Common Stock does not expire.
F6 Received as stock dividend from Issuer.
F7 As of November 20, 2025, the Series C Conversion Price was $0.324 per share, so each share of Series C Convertible Preferred Stock is convertible into approximately 3,086.42 shares of Class A Common Stock.
F8 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 Series C Conversion Price then in effect, as well as upon customary stock splits, stock dividends, combinations or similar events.
F9 The Series C Convertible Preferred Stock has no expiration date.
F10 As of November 20, 2025, the Series G Conversion Price was $0.324 per share, so each share of Series G Convertible Preferred Stock is convertible into approximately 3,086.42 shares of Class A Common Stock.
F11 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 Series G Conversion Price then in effect, as well as upon customary stock splits, stock dividends, combinations or similar events.
F12 The Series G Convertible Preferred Stock has no expiration date
F13 As of November 20, 2025, the Series H Conversion Price was $0.324 per share, so each share of Series H Convertible Preferred Stock is convertible into approximately 3,086.42 shares of Class A Common Stock.
F14 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 Series H Conversion Price then in effect, as well as upon customary stock splits, stock dividends, combinations or similar events.
F15 The Series H Convertible Preferred Stock has no expiration date.
F16 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.

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.