Hyperscale Data (GPUS) executive chair awarded 2M stock options at $0.72
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Hyperscale Data, Inc. reported that Executive Chairman Milton C. Ault III received a grant of stock options to purchase 2,000,000 shares of Class A common stock at an exercise price of $0.72 per share.
According to the footnotes, the options were granted on July 31, 2025; half vested and became exercisable on May 6, 2026 after required stockholder and exchange approvals, and the remaining half vest in equal monthly installments over 24 months beginning June 1, 2026. Following the grant, Ault holds these options directly and also is deemed to beneficially own substantial indirect positions held by Ault & Company, Inc., including 10,445,137 shares of Class B common stock, which is convertible into Class A on a one-for-one basis.
Positive
- None.
Negative
- None.
Insights
Large option grant to Hyperscale Data’s executive chair with multi-year vesting, plus sizable existing indirect holdings.
Milton C. Ault III, Executive Chairman and a ten percent owner of Hyperscale Data, Inc., received stock options over 2,000,000 Class A shares at an exercise price of $0.72. This is a compensation-related award (code A), not an open-market purchase.
The footnotes state the grant date was July 31, 2025. Fifty percent of the options vested on May 6, 2026 after stockholder and exchange approvals, and the remaining half vest monthly over 24 months starting June 1, 2026. The options expire on July 30, 2035, creating long-dated equity incentives.
Ault is also deemed to beneficially own significant indirect positions held by Ault & Company, Inc., including 10,445,137 Class B common shares convertible one-for-one into Class A, plus various warrants and preferred instruments with conversion mechanics detailed in the footnotes. The filing does not show any open-market buying or selling; it primarily updates compensation and derivative holdings.
Insider Trade Summary
9 transactions reported
Mixed
9 txns
Insider
AULT MILTON C III, Ault & Company, Inc.
Role
Executive Chairman | null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Options (right to buy) | 2,000,000 | $0.00 | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Series C Convertible Preferred Stock | -- | -- | -- |
| holding | Series G Convertible Preferred Stock | -- | -- | -- |
| holding | Series H Convertible Preferred Stock | -- | -- | -- |
| holding | Series C Warrants | -- | -- | -- |
| holding | Series G Warrants | -- | -- | -- |
| holding | October 2023 Warrants | -- | -- | -- |
Holdings After Transaction:
Stock Options (right to buy) — 2,000,000 shares (Direct, null);
Class B Common Stock — 1,375 shares (Direct, null);
Class B Common Stock — 10,445,137 shares (Indirect, By Ault & Company, Inc.);
Series C Convertible Preferred Stock — 0 shares (Indirect, By Ault & Company, Inc.);
Series G Convertible Preferred Stock — 0 shares (Indirect, By Ault & Company, Inc.);
Series H Convertible Preferred Stock — 0 shares (Indirect, By Ault & Company, Inc.);
Series C Warrants — 422,337 shares (Indirect, By Ault & Company, Inc.);
Series G Warrants — 162,217 shares (Indirect, By Ault & Company, Inc.);
October 2023 Warrants — 54,498 shares (Indirect, By Ault & Company, Inc.)
Footnotes (1)
- On July 31, 2025, the Board of Directors of the Issuer granted stock options to Mr. Ault to purchase 2,000,000 shares of the Issuer's class A common stock. Fifty percent (50%) of these options vested and became exercisable on the date that receipt of approval of the option grants by the Issuer's stockholders and the NYSE American. Stockholder approval was obtained on April 10, 2026 and approval from the NYSE American was obtained on May 6, 2026, so May 6, 2026 was the date that these options vested and became exercisable. The remaining 50% vest in equal monthly increments over 24 months beginning June 1, 2026. The stock options were issued outside of any Issuer stock incentive plan. Each share of Class B Common Stock is convertible into one share of Class A Common Stock. The Class B Common Stock does not expire. 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. As of May 8, 2026, the Series C Conversion Price was $0.144 per share, so each share of Series C Convertible Preferred Stock is convertible into approximately 6,944.44 shares of Class A Common Stock. 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. The Series C Convertible Preferred Stock has no expiration date. As of May 8, 2026, the Series G Conversion Price was $0.144 per share, so each share of Series G Convertible Preferred Stock is convertible into approximately 6,944.44 shares of Class A Common Stock. 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. The Series G Convertible Preferred Stock has no expiration date. As of May 8, 2026, the Series H Conversion Price was $0.144 per share, so each share of Series H Convertible Preferred Stock is convertible into approximately 6,944.44 shares of Class A Common Stock. 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. The Series H Convertible Preferred Stock has no expiration date. 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.
Key Figures
Stock options granted: 2,000,000 options
Option exercise price: $0.72 per share
Option expiration: July 30, 2035
+5 more
8 metrics
Stock options granted
2,000,000 options
Grant to Executive Chairman over Class A common stock
Option exercise price
$0.72 per share
Strike price for granted stock options
Option expiration
July 30, 2035
Expiration date for 2,000,000 stock options
Indirect Class B shares
10,445,137 shares
Class B common stock held by Ault & Company, Inc.
Direct Class B shares
1,375 shares
Class B common stock held directly by Ault
October 2023 warrants underlying
54,498 shares
Common stock underlying indirect October 2023 warrants
Series C warrants underlying
422,337 shares
Common stock underlying indirect Series C warrants
Recent conversion price
$0.144 per share
As of May 8, 2026 for Series C, G and H preferred
Key Terms
Stock Options (right to buy), Class B Common Stock, Convertible Preferred Stock, Series C Conversion Price, +2 more
6 terms
Stock Options (right to buy) financial
"Stock Options (right to buy) … underlying security title Class A Common Stock"
Class B Common Stock financial
"Class B Common Stock … total shares following transaction 10445137.0000"
A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.
Convertible Preferred Stock financial
"Series C Convertible Preferred Stock has a stated value of $1,000.00"
Convertible preferred stock is a special class of company shares that pays priority, usually fixed, payments to holders and can be exchanged later for a set number of common shares. It matters to investors because it combines steady income and added protection with the chance to share in a company’s upside; think of it as a hybrid between a bond that pays regularly and an option to convert into growth-oriented stock, where the conversion rules influence both potential gains and how much common shareholders’ ownership may be reduced.
Series C Conversion Price financial
"the "Series C Conversion Price" is subject to adjustment in the event of an issuance"
volume weighted average price financial
"105% of the volume weighted average price of the Class A Common Stock"
The volume weighted average price (VWAP) is a way to measure the average price of a security, such as a stock, over a specific period, taking into account how many units were traded at each price. It’s similar to calculating the average cost of items bought when some are more frequently purchased than others. Investors use VWAP to assess whether a security is being bought or sold at a fair price during trading.
stated value financial
"Each share of Series H Convertible Preferred Stock has a stated value of $1,000.00"
Stated value is an accounting figure a company assigns to a share when the share has no par (legal) value; it becomes the portion of proceeds recorded as the company’s permanent capital for regulatory and bookkeeping purposes. It matters to investors because it affects the equity reported on the balance sheet and the legal limits on distributions or dividend payments, but it is not the market price — think of it as a record-keeping sticker price rather than what buyers actually pay.
FAQ
What did Milton C. Ault III receive in the latest Hyperscale Data (GPUS) Form 4 filing?
He received stock options to purchase 2,000,000 shares of Class A common stock at an exercise price of $0.72 per share. The options are a compensation-related grant, not an open-market purchase, and give him long-term equity-linked exposure.
How do the new stock options for Hyperscale Data (GPUS) executive Milton Ault vest?
The options were granted on July 31, 2025. 50% vested and became exercisable on May 6, 2026, after stockholder and exchange approvals. The remaining 50% vest in equal monthly installments over 24 months beginning June 1, 2026.
What are Ault & Company, Inc.’s Class B holdings in Hyperscale Data (GPUS)?
Ault & Company, Inc. holds 10,445,137 shares of Class B common stock indirectly attributed to Milton C. Ault III. Each Class B share is convertible into one share of Class A common stock, and the Class B stock does not expire, according to the footnotes.
Does the Hyperscale Data (GPUS) Form 4 show any open-market buying or selling by Milton Ault?
The filing does not show open-market buys or sells. It records a grant of 2,000,000 stock options (code A) and updates multiple derivative and share holdings, many held indirectly through Ault & Company, Inc., rather than discretionary market trades.
What are the key terms of Hyperscale Data (GPUS) Series C, G and H Convertible Preferred Stock?
Each series has a stated value of $1,000 and converts into Class A shares at a formula-based conversion price with a $0.10 per share floor. Footnotes note recent conversion prices of $0.144 per share and that these preferred shares have no expiration date.