Alzamend Neuro updates insider trade disclosure
Alzamend Neuro, Inc. (symbol: ALZN) is the issuer of record for a Form 4/A filing submitted to the SEC.
Sentiment and the balance of points
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Form Type
4/A
Rhea-AI Filing Summary
Alzamend Neuro, Inc. (symbol: ALZN) is the issuer of record for a Form 4/A filing submitted to the SEC.
Insider Trade Summary
Grant/Award: 7,500 shares
Grant/Award
4 txns
Insider
Hyperscale Data, Inc., Ault Lending, LLC, Ault Capital Group, Inc.
Role
Director | Director | Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Series D Convertible Preferred Stock F1, F2, F3, F4 | 7,500 | $1,000.00 | $7.50M |
| holding | Series D Convertible Preferred Stock | -- | -- | -- |
| holding | Series D Convertible Preferred Stock F4 | -- | -- | -- |
| holding | Series D Convertible Preferred Stock F4 | -- | -- | -- |
Holdings After Transaction:
Series D Convertible Preferred Stock — 30,834 contracts for 23,334 underlying shares (Indirect, By Ault Lending, LLC)
Footnotes (4)
- F1. Each share of Series D Convertible Preferred Stock has a stated value of $ 1,050.00 and is convertible into shares of Common Stock at a conversion price equal to the greater of (i) $0.2668 and (ii) 80% of the lowest closing bid price of the Common Stock during the five (5) trading days immediately prior to the date of conversion into conversion shares, but not greater than $2.00 per share (the "Conversion Price"). The Conversion Price is subject to adjustment in the event of issuances 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 D Convertible Preferred Stock has no expiration date.
- F3. As of August 4, 2026, the Conversion Price was $1,016 per share, so each share of Series D Convertible Preferred Stock is convertible into approximately 1,033.5 shares of Common Stock.
- F4. Ault Lending LLC ("Ault Lending"), is a wholly-owned subsidiary of Ault Capital Group, Inc. ("ACG"). ACG is a wholly-owned subsidiary of Hyperscale Data, Inc. ("HSD"). Mr. Ault, the Executive Chairman of HSD, is deemed to have voting and investment power with respect to the securities held of record by Ault Lending.
AI-generated analysis. How Rhea-AI works. Not financial advice.
