Hyperscale Data chair and firm buy 689,600 shares

The reported purchases span the Executive Chairman’s direct holdings and shares held by Ault & Company, Inc.

Rhea-AI Filing Summary

Hyperscale Data, Inc. (GPUS) Executive Chairman Milton C. Ault III reported direct purchases of Class A common stock: 33,000 shares at a $0.1723 volume-weighted average price on September 24, 2026, and 56,600 shares at a $0.1649 volume-weighted average price on September 25. Ault & Company, Inc. purchased 100,000 shares at a $0.1819 volume-weighted average price on September 24 and 500,000 shares at $0.1685 per share on September 25; the latter purchases were reported as indirectly held by the company.

Insider Trade Summary

Net Buyer: 689,600 shares

Net Buy 6 txns

Insider AULT MILTON C III, Ault & Company, Inc.

Role Executive Chairman | 10% Owner

Bought 689,600 shs ($117K)

Type	Security	Shares	Price	Value
Purchase	Class A Common Stock F4	56,600	$0.1649	$9K
Purchase	Class A Common Stock F3	500,000	$0.1685	$84K
Purchase	Class A Common Stock F1	33,000	$0.1723	$6K
Purchase	Class A Common Stock F2, F3	100,000	$0.1819	$18K
holding	13% Series D Cumulative Redeemable Perpetual Preferred Stock	--	--	--
holding	13% Series D Cumulative Redeemable Perpetual Preferred Stock F3	--	--	--

Holdings After Transaction: Class A Common Stock — 927,900 shares (Direct); Class A Common Stock — 3,613,692 shares (Indirect, By Ault & Company, Inc.); 13% Series D Cumulative Redeemable Perpetual Preferred Stock — 149 shares (Direct); 13% Series D Cumulative Redeemable Perpetual Preferred Stock — 200 shares (Indirect, By Ault & Company, Inc.)

Footnotes (4)

1. F1. 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 $0.1723. The range of purchase prices on the transaction date was $0.1700 to $0.1798 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. F2. 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 $0.1819. The range of purchase prices on the transaction date was $0.178 to $0.183 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. F3. 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.
4. F4. 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 $0.1649. The range of purchase prices on the transaction date was $0.16 to $0.1686 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.

Key Figures

Direct purchase by Milton C. Ault III: 33,000 shares Direct purchase price: $0.1723 per share Purchase by Ault & Company, Inc.: 100,000 shares +5 more

8 metrics

Direct purchase by Milton C. Ault III 33,000 shares September 24, 2026

Direct purchase price $0.1723 per share Volume-weighted average price on September 24, 2026

Purchase by Ault & Company, Inc. 100,000 shares Indirect holding; September 24, 2026

Purchase price through Ault & Company, Inc. $0.1819 per share Volume-weighted average price on September 24, 2026

Direct purchase by Milton C. Ault III 56,600 shares September 25, 2026

Direct purchase price $0.1649 per share Volume-weighted average price on September 25, 2026

Purchase by Ault & Company, Inc. 500,000 shares Indirect holding; September 25, 2026

Purchase price through Ault & Company, Inc. $0.1685 per share September 25, 2026

Key Terms

volume weighted average purchase price, director by deputization, 13% Series D Cumulative Redeemable Perpetual Preferred Stock

3 terms

volume weighted average purchase price financial

"volume weighted average purchase price of $0.1723"

The volume weighted average purchase price is the average price an investor paid for a security, calculated by giving more weight to prices where more shares were bought—so large trades move the average more than small ones. Investors use it like a cost-basis yardstick to see whether current market prices are above or below what they effectively paid, helping judge gains, losses, and whether to sell or add to a position.

director by deputization regulatory

"may be deemed a director by deputization"

13% Series D Cumulative Redeemable Perpetual Preferred Stock financial

"13% Series D Cumulative Redeemable Perpetual Preferred Stock"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many GPUS shares did the reported buyers purchase, and at what prices?

The reported transactions comprise 689,600 Class A common shares. Milton C. Ault III bought 33,000 shares at a $0.1723 volume-weighted average price on September 24, 2026, and 56,600 at a $0.1649 volume-weighted average price on September 25. Ault & Company, Inc. purchased 100,000 shares at a $0.1819 volume-weighted average price on September 24 and 500,000 at $0.1685 per share on September 25. No Rule 10b5-1 plan is reported.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 09/28/2026 - 06:06 AM Accepted by SEC EDGAR 09/28/2026 - 06:05 AM Learn about SEC filing dates

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 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)

X	Director	X	10% Owner
X	Officer (give title below)		Other (specify below)
	Executive Chairman

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/24/2026

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

	Form filed by One Reporting Person
X	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
Class A Common Stock	09/24/2026		P		33,000	A	$0.1723(1)	927,900	D
Class A Common Stock	09/24/2026		P		100,000	A	$0.1819(2)	3,113,692	I	By Ault & Company, Inc.(3)
Class A Common Stock	09/25/2026		P		56,600	A	$0.1649(4)	927,900	D
Class A Common Stock	09/25/2026		P		500,000	A	$0.1685	3,613,692	I	By Ault & Company, Inc.(3)
13% Series D Cumulative Redeemable Perpetual Preferred Stock								149	D
13% Series D Cumulative Redeemable Perpetual Preferred Stock								200	I	By Ault & Company, Inc.(3)

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 NEVADA 89141

(City) (State) (Zip)

UNITED STATES

(Country)

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 NEVADA 89141

(City) (State) (Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)	X	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 $0.1723. The range of purchase prices on the transaction date was $0.1700 to $0.1798 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 $0.1819. The range of purchase prices on the transaction date was $0.178 to $0.183 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.

4. 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 $0.1649. The range of purchase prices on the transaction date was $0.16 to $0.1686 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.

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.

	By: /s/ Milton C. Ault, III	09/28/2026
	By: /s/ Milton C. Ault, III, Chief Executive Officer of Ault & Company, Inc.	09/28/2026
	** 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)