AULT MILTON C III 4

What Happened

• Milton C. Ault III, a director and 10% owner (via Ault & Co.), was reported as acquiring a derivative award: 2,000,000 stock options in Hyperscale Data, Inc. (GPUS). The Form 4 records the grant as 2,000,000 shares at $0.00 (derivative).
• Per the filing footnote, 50% of the options vested and became exercisable on May 6, 2026 (the date NYSE American approval was obtained). The remaining 50% (1,000,000 options) vest in equal monthly installments over 24 months beginning June 1, 2026. The options were issued outside any issuer stock incentive plan.

Key Details

• Transaction date: May 6, 2026 (Form 4 filed May 8, 2026).
• Transaction type/code: Award/Grant (A); derivative (stock options).
• Reported price: $0.00 in the filing (the filing records the award as acquired at $0.00).
• Vesting: 50% vested May 6, 2026 (1,000,000 options); remaining 50% vest monthly over 24 months starting June 1, 2026.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Notable footnotes: Options were granted July 31, 2025; vesting was contingent on stockholder and NYSE approvals; options issued outside any company plan. Mr. Ault is CEO of Ault & Co. and is deemed to beneficially own shares held by Ault & Co.
• Filing timeliness: Filed May 8 for a May 6 transaction — appears timely (no late filing indicated).

Context

• This filing reports an option grant (an award of derivative rights), not an open-market purchase or immediate sale of shares. The options become exercisable as they vest; the filing does not show any exercise or sale of shares at this time.
• As a 10% owner and director, Ault is a significant stakeholder; grants to insiders are common but do not by themselves indicate intent to buy or sell stock on the open market.