Milton Ault boosts Hyperscale Data (GPUS) stake with open-market buys

Rhea-AI Filing Summary

Hyperscale Data, Inc. Executive Chairman and 10% owner Milton C. Ault III reported open-market purchases of the company’s common stock. On August 19, 2025, he bought 200 shares at a volume-weighted average price of $0.5991 per share. On August 20, 2025, he bought an additional 1,550 shares at a volume-weighted average price of $0.5451 per share, increasing his directly held common stock to 2,350 shares.

Also on August 20, 2025, 10,000 common shares were purchased in the open market and are held indirectly through Ault & Company, Inc., where Ault is Chief Executive Officer, bringing that indirect position to 19,249 shares. The filing also shows direct ownership of 116 shares of 13% Series D Cumulative Redeemable Perpetual Preferred Stock.

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^*

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)
08/19/2025

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

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

X	Form filed by One Reporting Person
	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	08/19/2025		P		200	A	$0.5991(1)	800	D
Common Stock	08/20/2025		P		1,550	A	$0.5451(2)	2,350	D
Common Stock	08/20/2025		P		10,000	A	$0.5724	19,249	I	By Ault & Company, Inc.(3)
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

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 $0.5991. The range of purchase prices on the transaction date was $0.5982 to $0.60 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 $0.5451. The range of purchase prices on the transaction date was $0.5401 to $0.5560 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.

Remarks:

	/s/ Milton C. Ault, III	08/21/2025
	** 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).
** 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.

FAQ

What insider transactions did GPUS report for Milton C. Ault III?

Hyperscale Data’s Executive Chairman Milton C. Ault III reported open-market purchases of common stock on August 19 and 20, 2025. He acquired 1,750 shares directly and 10,000 shares indirectly through Ault & Company, Inc., increasing both his direct and indirect holdings in GPUS.

How many Hyperscale Data (GPUS) shares does Milton Ault now own?

After the reported transactions, Milton C. Ault III directly owns 2,350 shares of Hyperscale Data common stock. He is also deemed to beneficially own 19,249 common shares held indirectly through Ault & Company, Inc., where he serves as Chief Executive Officer.

At what prices did Milton Ault buy GPUS common stock?

Milton C. Ault III purchased Hyperscale Data common stock in open-market transactions at volume-weighted average prices of $0.5991 per share on August 19, 2025, and $0.5451 per share on August 20, 2025, with disclosed intraday trading ranges around those averages.

What is the role of Ault & Company, Inc. in the GPUS Form 4?

Ault & Company, Inc. holds 19,249 Hyperscale Data common shares indirectly reported on the Form 4. Milton C. Ault III is the Chief Executive Officer of Ault & Company and is deemed to beneficially own the shares that the entity holds in GPUS.

Does Milton Ault hold any preferred stock of Hyperscale Data (GPUS)?

Yes. The Form 4 shows that Milton C. Ault III directly holds 116 shares of Hyperscale Data’s 13% Series D Cumulative Redeemable Perpetual Preferred Stock, in addition to his reported direct and indirect holdings of the company’s common stock.

Were the GPUS insider share purchases open-market transactions?

The filing states that the reported Hyperscale Data share purchases were open-market transactions. The volume-weighted average prices and trading ranges are disclosed, and the reporting person agreed to provide detailed trade breakdowns upon request to regulators, the issuer, or security holders.