[Form 4] Hyperscale Data, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Milton C. Ault, III, Executive Chairman, Director and 10% owner of Hyperscale Data, Inc. (GPUS) reported open-market purchases of common stock on 08/19/2025 and 08/20/2025 and a disposition of preferred stock. On 08/19/2025 he purchased 200 shares at a volume-weighted average price of $0.5991. On 08/20/2025 he purchased 1,550 shares at a VWAP of $0.5451 and 10,000 shares at $0.5724. Following the reported transactions the filing shows 19,249 common shares beneficially owned indirectly through Ault & Company, Inc.; earlier lines show beneficial ownership figures of 800 and 2,350 listed after individual transaction rows. The filing also reports a disposition of 116 shares of 13% Series D Cumulative Redeemable Perpetual Preferred Stock. Explanations state the purchases were open-market trades and that Ault & Company, Inc. holdings are deemed beneficially owned by Mr. Ault.

Positive

• Insider purchases: Milton C. Ault, III acquired common stock in open-market transactions on 08/19/2025 and 08/20/2025 at VWAPs of $0.5991, $0.5451, and $0.5724.
• Clear disclosure: The Form 4 provides VWAPs, price ranges for two trade dates, and explains indirect ownership through Ault & Company, Inc.

Negative

• Preferred stock disposition: The filing reports a disposition of 116 shares of 13% Series D Cumulative Redeemable Perpetual Preferred Stock without explaining proceeds or rationale.
• Materiality unclear: The filing does not state total company outstanding shares, so the investor impact of these transactions cannot be determined from this document alone.

Insights

Securities Analyst

TL;DR: Insider purchased multiple tranches of common stock at sub-$1 prices while reducing a small preferred position; transactions are modest in scale.

Purchases on 08/19 and 08/20 total 11,750 common shares reported across the lines (200, 1,550, 10,000) at VWAPs of $0.5991, $0.5451, and $0.5724. The filing shows 19,249 common shares beneficially owned indirectly through Ault & Company, Inc. The disposition of 116 preferred shares is recorded but the filing does not state proceeds or reason. These are routine Section 16 transactions; their size relative to total outstanding shares is not provided, so materiality cannot be assessed from this filing alone.

Corporate Governance Expert

TL;DR: Reporting person is a control-affiliated insider increasing common holdings via open-market purchases; disclosures comply with Form 4 details.

The Form 4 identifies Mr. Ault as Executive Chairman, Director and a 10% owner and discloses open-market purchases with VWAPs and price ranges where provided. It also clarifies that shares held by Ault & Company, Inc. are deemed beneficially owned. The filing includes the required signed certification. No additional governance actions or plans are disclosed.

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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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 trades did Milton C. Ault, III report on Form 4 for GPUS?

He reported open-market purchases of common stock on 08/19/2025 (200 shares at VWAP $0.5991) and on 08/20/2025 (1,550 shares at VWAP $0.5451 and 10,000 shares at $0.5724), plus a disposition of 116 Series D preferred shares.

How many GPUS common shares does the filing show as beneficially owned after these transactions?

The filing shows 19,249 common shares beneficially owned indirectly through Ault & Company, Inc.; individual transaction rows also list figures of 800 and 2,350 following respective transactions.

Were the common stock purchases disclosed with price ranges?

Yes. The 08/19/2025 purchase had a price range of $0.5982 to $0.60; the 08/20/2025 purchases had a range of $0.5401 to $0.5560 for the VWAP-reported tranche.

Does the Form 4 explain why Ault & Company, Inc. holdings are reported?

Yes. It states Milton C. Ault, III is CEO of Ault & Company, Inc. and is deemed to beneficially own the shares held by that entity.

Is there any information on proceeds received from the preferred stock disposition?

No. The filing records the disposition of 116 preferred shares but does not disclose proceeds or the reason for the sale.