Hyperscale Data (GPUS) Executive Chairman Milton Ault discloses end-2025 share buys

Rhea-AI Filing Summary

Hyperscale Data, Inc. insider Milton C. Ault III, who serves as Executive Chairman, director and a 10% owner, reported multiple open-market purchases of the company’s stock at the end of 2025. On December 30, 2025, he bought 60,000 common shares directly at a volume-weighted average price of $0.1924 per share, and 500,000 common shares indirectly through Ault & Company, Inc. at a volume-weighted average price of $0.1894 per share. On December 31, 2025, Ault & Company, Inc. purchased an additional 1,000,000 common shares at $0.1829 per share, while Ault directly acquired 48,800 common shares at a volume-weighted average price of $0.1837 per share. He also bought 33 shares of the company’s 13% Series D Cumulative Redeemable Perpetual Preferred Stock at $22.83 per share on December 29, 2025. Following these transactions, he reported beneficial ownership of both directly held and Ault & Company-held securities.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

AULT MILTON C III

(Last) (First) (Middle)

11411 SOUTHERN HIGHLANDS PARKWAY

SUITE 190

(Street)

LAS VEGAS NV 89141

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Hyperscale Data, Inc. [ GPUS ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	X	10% Owner
X	Officer (give title below)		Other (specify below)
	Executive Chairman

3. Date of Earliest Transaction (Month/Day/Year)
12/30/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
X	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	12/30/2025		P		60,000	A	$0.1924(1)	220,000	D
Common Stock	12/30/2025		P		500,000	A	$0.1894(2)	1,500,005	I	By Ault & Company, Inc.(3)
Common Stock	12/31/2025		P		1,000,000	A	$0.1829	2,500,005	I	By Ault & Company, Inc.(3)
Common Stock	12/31/2025		P		48,800	A	$0.1837(4)	268,800	D
13% Series D Cumulative Redeemable Perpetual Preferred Stock	12/29/2025		P		33	A	$22.83	149	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

1. Name and Address of Reporting Person^*

AULT MILTON C III

(Last) (First) (Middle)

11411 SOUTHERN HIGHLANDS PARKWAY

SUITE 190

(Street)

LAS VEGAS NV 89141

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

X	Director	X	10% Owner
X	Officer (give title below)		Other (specify below)
	Executive Chairman

1. Name and Address of Reporting Person^*

Ault & Company, Inc.

(Last) (First) (Middle)

11411 SOUTHERN HIGHLANDS PARKWAY

SUITE 190

(Street)

LAS VEGAS NV 89141

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)
			See Remark

Explanation of Responses:

1. 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 $0.1924. The range of purchase prices on the transaction date was $0.184 to $0.2092 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.

2. 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 $0.1894. The range of purchase prices on the transaction date was $0.1875 to $0.1899 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.

3. 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.

4. 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 $0.1837. The range of purchase prices on the transaction date was $0.1814 to $0.1961 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.

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.

	/s/ Milton C. Ault, III	01/02/2026
	/s/ Milton C. Ault, III, Chief Executive Officer of Ault & Company, Inc.	01/02/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider transactions did Hyperscale Data (GPUS) report at the end of 2025?

The filing reports that Milton C. Ault III, an Executive Chairman, director and 10% owner, and Ault & Company, Inc. made several open-market purchases of Hyperscale Data, Inc. common stock and a small purchase of its 13% Series D Cumulative Redeemable Perpetual Preferred Stock on December 29–31, 2025.

How many Hyperscale Data (GPUS) common shares did Milton Ault buy directly?

Milton Ault reported directly purchasing 60,000 common shares on December 30, 2025 at a volume-weighted average price of $0.1924 per share and 48,800 common shares on December 31, 2025 at a volume-weighted average price of $0.1837 per share.

What common stock purchases were made through Ault & Company, Inc. in Hyperscale Data (GPUS)?

Ault & Company, Inc. purchased 500,000 Hyperscale Data common shares on December 30, 2025 at a volume-weighted average price of $0.1894 per share and 1,000,000 shares on December 31, 2025 at $0.1829 per share. Milton C. Ault III is deemed to beneficially own these shares as Chief Executive Officer of Ault & Company, Inc.

At what price ranges were the Hyperscale Data (GPUS) common shares bought?

The filing states price ranges for the volume-weighted average purchases. On December 30, 2025, one transaction had a range of $0.184 to $0.2092 per share and another had a range of $0.1875 to $0.1899 per share. On December 31, 2025, a transaction had a range of $0.1814 to $0.1961 per share.

What preferred stock in Hyperscale Data (GPUS) did Milton Ault purchase?

On December 29, 2025, Milton Ault purchased 33 shares of Hyperscale Data’s 13% Series D Cumulative Redeemable Perpetual Preferred Stock at a price of $22.83 per share.

What is Milton Ault’s relationship to Hyperscale Data (GPUS) and Ault & Company, Inc.?

Milton C. Ault III is identified as an Executive Chairman, director, and 10% owner of Hyperscale Data, Inc. He is also the Chief Executive Officer of Ault & Company, Inc. and is deemed to beneficially own the Hyperscale Data shares held by Ault & Company, Inc.