CRAGUN KENNETH S 4

What Happened

• Kenneth S. Cragun, Chief Financial Officer of Hyperscale Data, was awarded stock options to purchase 1,000,000 shares of the company's Class A common stock. The Form 4 reports an award/derivative acquisition of 1,000,000 shares at $0.00 (options granted).
• Per the filing footnote, these options were originally granted July 31, 2025; 50% vested and became exercisable on May 6, 2026 following stockholder approval (April 10, 2026) and NYSE American approval (May 6, 2026). The remaining 50% vests in equal monthly increments over 24 months beginning June 1, 2026. The options were issued outside any issuer stock incentive plan.
• This filing records an award/vesting (not a cash purchase or a sale) — Cragun received option rights rather than immediately buying or selling shares.

Key Details

• Transaction date: May 6, 2026 (period of report); Form 4 filed May 8, 2026 (timely).
• Reported acquisition: 1,000,000 option shares at $0.00 (derivative award). The filing excerpt does not disclose the option exercise (strike) price or total dollar value.
• Vesting: 50% vested and became exercisable on May 6, 2026; remaining 50% vests monthly over 24 months starting June 1, 2026.
• Shares owned after transaction: Not specified in the provided filing excerpt; see the full SEC filing for total holdings.
• Notable footnote: Options were granted July 31, 2025 but required stockholder and NYSE approval; vesting was triggered by those approvals. Options issued outside any issuer stock incentive plan.
• Timeliness: Filing appears timely (filed two days after the transaction date).

Context

• This is a grant/vesting of stock options (a derivative award). The options became exercisable but were not reported as exercised or sold in this filing — there is no immediate share sale or cashless exercise recorded here.
• Grants like this are commonly used for compensation and retention; they do not by themselves indicate insider buying or selling activity in the open market.