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

Rhea-AI Filing Summary

Milton C. Ault III and Ault & Company, Inc. reported insider transactions in Hyperscale Data, Inc. (GPUS). On 08/22/2025 the filing shows a purchase of 100 shares of Common Stock at $0.5724 per share, increasing direct beneficial ownership to 2,450 shares. Ault & Company, Inc. is reported as having indirect beneficial ownership of 19,249 shares. The filing also records a disposition of 116 shares of 13% Series D Cumulative Redeemable Perpetual Preferred Stock. The reporting persons are identified as Director, Executive Chairman and a >10% owner. The form is signed and dated 08/27/2025.

Positive

• Continued significant indirect ownership via Ault & Company of 19,249 common shares, indicating sustained economic interest
• Timely disclosure by a director/Executive Chairman and >10% owner, with the Form 4 signed and dated 08/27/2025

Negative

• Disposition of 116 shares of 13% Series D preferred is reported without explanation, reducing preferred holdings
• Reported common purchase is small (100 shares), unlikely to signal a material change in position

Insights

Financial Analyst

TL;DR: Small open-market purchase and minor preferred disposition, likely immaterial to valuation.

The 100-share purchase at $0.5724 is a small acquisition relative to total reported holdings and does not materially change control or leverage. Indirect holdings of 19,249 shares via Ault & Company indicate continued significant economic exposure. The 116-share disposition of Series D preferred is noted but the filing provides no proceeds or reason, limiting analysis. Overall this Form 4 documents routine adjustments to an insider's stake rather than a material corporate event.

Corporate Governance Expert

TL;DR: Director and >10% owner remains materially involved; transactions appear routine and disclosed appropriately.

The reporting identifies Milton C. Ault III as Executive Chairman and a director, and Ault & Company as a >10% owner, which is important for governance transparency. The filing properly attributes indirect ownership to Ault & Company and includes signatures. The document does not include any new agreements or plans, and the small common stock purchase plus preferred disposition suggest portfolio rebalancing rather than governance changes.

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)
08/22/2025

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	08/22/2025		P		100	A	$0.5724	2,450	D
Common Stock								19,249	I	By Ault & Company, Inc.(1)
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)

Explanation of Responses:

1. 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	08/27/2025
	/s/ Milton C. Ault, III, Chief Executive Officer of Ault & Company, Inc.	08/27/2025
	** 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 Milton C. Ault III report for GPUS?

The Form 4 reports a purchase of 100 common shares at $0.5724 on 08/22/2025 and a disposition of 116 shares of 13% Series D preferred.

How many GPUS shares does Ault & Company, Inc. beneficially own?

The filing shows 19,249 shares indirectly beneficially owned by Ault & Company, Inc.

What is Milton C. Ault III's relationship to Hyperscale Data, Inc. (GPUS)?

He is reported as Director, Executive Chairman, and a greater-than-10% owner for purposes of the filing.

When was the Form 4 signed and filed?

The signatures on the Form 4 are dated 08/27/2025.

Does the filing state reasons or proceeds for the preferred stock disposition?

No. The Form 4 records the 116-share disposition of Series D preferred but provides no explanation or proceeds