Hyperscale Data (GPUS) CFO granted 1M options at $0.72 strike

Rhea-AI Filing Summary

Hyperscale Data, Inc. Chief Financial Officer Kenneth S. Cragun reported an acquisition of stock options to buy 1,000,000 shares of Class A common stock at an exercise price of $0.72 per share. These options expire on July 30, 2035.

According to the footnote, the Board granted these options on July 31, 2025. Half of the options vested and became exercisable on May 6, 2026, after stockholder and NYSE American approvals. The remaining 50% vest in equal monthly installments over 24 months beginning June 1, 2026, and were issued outside any company stock incentive plan.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider CRAGUN KENNETH S

Role Chief Financial Officer

Type	Security	Shares	Price	Value
Grant/Award	Stock Options (Right to Buy)	1,000,000	$0.00	--

Holdings After Transaction: Stock Options (Right to Buy) — 1,000,000 shares (Direct, null)

Footnotes (1)

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Key Figures

Stock options granted: 1,000,000 options Exercise price: $0.72 per share Options after transaction: 1,000,000 options +4 more

7 metrics

Stock options granted 1,000,000 options Right to buy Class A common stock

Exercise price $0.72 per share Conversion or exercise price of options

Options after transaction 1,000,000 options Total derivative holdings following transaction

Expiration date July 30, 2035 Option expiration

Initial grant date July 31, 2025 Board granted options to CFO

Immediate vesting portion 50% of options Vested May 6, 2026 upon approvals

Remaining vesting period 24 months Equal monthly vesting starting June 1, 2026

Key Terms

stock options, Class A common stock, vested and became exercisable, exercise price, +2 more

6 terms

stock options financial

"the Board of Directors of the Issuer granted stock options to Mr. Cragun"

Stock options are agreements that give a person the right to buy or sell a company's stock at a specific price within a certain time frame. They are often used as a reward or incentive, similar to a coupon that can be used later if the stock price rises, allowing the holder to make a profit.

Class A common stock financial

"to purchase 1,000,000 shares of the Issuer's class A common stock"

Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.

vested and became exercisable financial

"Fifty percent (50%) of these options vested and became exercisable"

exercise price financial

"Stock Options (Right to Buy) ... conversion_or_exercise_price: "0.7200""

The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.

NYSE American regulatory

"approval of the option grants by the Issuer's stockholders and the NYSE American"

NYSE American is a stock exchange where companies can list their shares to be bought and sold by investors. It functions like a marketplace, helping businesses raise money and providing investors with opportunities to buy ownership in these companies. Its role is important because it facilitates the trading of smaller or emerging companies, offering investors access to a broader range of investment options.

stock incentive plan financial

"The stock options were issued outside of any Issuer stock incentive plan"

A stock incentive plan is a company program that gives employees or directors pieces of ownership or the right to buy shares over time, similar to receiving a bonus paid in company stock instead of cash. Investors pay attention because these plans align staff incentives with long‑term company performance but can also dilute existing shareholders and affect reported profits when grants are expensed, so they influence both ownership percentages and financial results.

Form 4 Insider Transactions: What Each Field Means →

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
Estimated average burden
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^*

CRAGUN KENNETH S

(Last) (First) (Middle)

11411 SOUTHERN HIGHLANDS PARKWAY

SUITE 190

(Street)

LAS VEGAS NEVADA 89141

(City) (State) (Zip)

UNITED STATES

(Country)

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

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Financial Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/06/2026

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

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

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

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

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
Stock Options (Right to Buy)	$0.72	05/06/2026		A		1,000,000		(1)	07/30/2035	Class A Common Stock	1,000,000	$0	1,000,000	D

Explanation of Responses:

1. On July 31, 2025, the Board of Directors of the Issuer granted stock options to Mr. Cragun to purchase 1,000,000 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.

Remarks:

	/s/ Kenneth S. Cragun	05/08/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What did Hyperscale Data (GPUS) CFO Kenneth Cragun report in this Form 4?

He reported an acquisition of stock options to purchase 1,000,000 shares of Hyperscale Data’s Class A common stock. These options are compensation-related awards, not open-market purchases, and give him the right to buy shares at a fixed exercise price.

What are the key terms of the 1,000,000 Hyperscale Data (GPUS) stock options?

The options cover 1,000,000 shares of Class A common stock with an exercise price of $0.72 per share. They are derivative securities that expire on July 30, 2035, providing long-dated potential equity exposure for the Chief Financial Officer.

How do the Hyperscale Data (GPUS) CFO’s stock options vest over time?

Fifty percent of the options vested and became exercisable on May 6, 2026, after required approvals. The remaining 50% vest in equal monthly installments over 24 months beginning June 1, 2026, creating a two-year, time-based vesting schedule tied to continued service.

When were the Hyperscale Data (GPUS) stock options granted to the CFO?

The Board of Directors granted the options on July 31, 2025. Although granted on that date, half only vested after stockholder and NYSE American approvals in April and May 2026, with the rest vesting monthly starting June 1, 2026.

Are the Hyperscale Data (GPUS) CFO’s options part of a stock incentive plan?

No. The footnote states the stock options were issued outside of any Hyperscale Data stock incentive plan. This means they were granted as a standalone award rather than under a pre-existing equity compensation program.

How many options does the Hyperscale Data (GPUS) CFO hold after this transaction?

Following this reported transaction, the Form 4 shows Kenneth S. Cragun holding 1,000,000 stock options. These options relate to the same award and represent his derivative position as of the reported date.