Hyperscale Data (GPUS) Executive Chairman Milton Ault discloses major 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 open-market purchases of the company’s common stock. On 12/19/2025, he bought 15,000 shares at a volume-weighted average price of $0.2262, with individual trade prices ranging from $0.2191 to $0.2333 per share. Through Ault & Company, Inc., he also purchased 100,000 shares on 12/19/2025 at $0.2329 per share and 200,000 shares on 12/22/2025 at $0.2332 per share. Following these transactions, he beneficially owned 75,550 common shares directly and 900,005 common shares indirectly via Ault & Company, Inc., and 116 shares of 13% Series D Cumulative Redeemable Perpetual Preferred Stock were disposed of.

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

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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)
12/19/2025

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	12/19/2025		P		15,000	A	$0.2262(1)	75,550	D
Common Stock	12/19/2025		P		100,000	A	$0.2329	700,005	I	By Ault & Company, Inc.(2)
Common Stock	12/22/2025		P		200,000	A	$0.2332	900,005	I	By Ault & Company, Inc.(2)
13% Series D Cumulative Redeemable Perpetual Preferred Stock								116	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 $0.2262. The range of purchase prices on the transaction date was $0.2191 to $0.2333 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. 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.

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	12/23/2025
	By: /s/ Milton C. Ault, III, Chief Executive Officer of Ault & Company, Inc.	12/23/2025
	** 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).
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FAQ

What insider transactions did Hyperscale Data (GPUS) report in this Form 4?

The filing reports that Milton C. Ault, III purchased Hyperscale Data common stock in open-market transactions and disposed of 116 shares of 13% Series D Cumulative Redeemable Perpetual Preferred Stock.

How many Hyperscale Data (GPUS) common shares did Milton C. Ault, III buy and at what prices?

He bought 15,000 shares at a volume-weighted average price of $0.2262 on 12/19/2025, 100,000 shares at $0.2329 on 12/19/2025, and 200,000 shares at $0.2332 on 12/22/2025.

What was the price range for Milton Ault’s 12/19/2025 Hyperscale Data (GPUS) share purchases?

For the 15,000-share purchase on 12/19/2025, the filing states a volume-weighted average price of $0.2262 with individual trade prices ranging from $0.2191 to $0.2333 per share.

How many Hyperscale Data (GPUS) shares does Milton C. Ault, III beneficially own after these trades?

After the reported transactions, he beneficially owned 75,550 Hyperscale Data common shares directly and 900,005 common shares indirectly through Ault & Company, Inc.

What is the relationship between Ault & Company, Inc. and Hyperscale Data (GPUS)?

The filing states that Milton C. Ault, III is Chief Executive Officer of Ault & Company, Inc. and is deemed to beneficially own the Hyperscale Data shares held by Ault & Company, Inc.

What roles does Milton C. Ault, III hold at Hyperscale Data (GPUS)?

He is reported as a Director, a 10% Owner, and an Officer with the title Executive Chairman of Hyperscale Data, Inc.

What happened to the 13% Series D Cumulative Redeemable Perpetual Preferred Stock in this filing?

The Form 4 indicates that 116 shares of 13% Series D Cumulative Redeemable Perpetual Preferred Stock were reported as disposed of.