Statement of Changes in Beneficial Ownership (4)
August 24 2021 - 7:36PM
Edgar (US Regulatory)
FORM 4
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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).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
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SMITH ROBERT O |
2. Issuer Name and Ticker or Trading Symbol
Ault Global Holdings, Inc.
[
DPW
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner _____ Officer (give title below) _____ Other (specify below)
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(Last)
(First)
(Middle)
11411 SOUTHERN HIGHLANDS PARKWAY, SUITE 240 |
3. Date of Earliest Transaction
(MM/DD/YYYY)
8/20/2021 |
(Street)
LAS VEGAS, NV 89141
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security (Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Common Stock | 8/20/2021 | | M(1) | | 50000 | A | $0 | 50000 | D | |
Common Stock | | | | | | | | 55 (2) | D | |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. 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 | 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 of Derivative Security: 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 |
Restricted Stock Grant | (3) | 8/20/2021 | | M | | | 50000 | 8/20/2021 (4) | 11/15/2021 | Common Stock | 50000 | $0 | 50000 | D | |
Restricted Stock Grant | (3) | 8/20/2021 | | A | | 50000 | | (5) | 11/15/2023 | Common Stock | 50000 | $0 | 50000 | D | |
Stock Options (Right to Buy) | $4.49 | 8/20/2021 | | D | | | 150000 | (6) | 1/7/2031 | Common Stock | 150000 | (6) | 0 | D | |
Stock Options (Right to Buy) | $2.55 | 8/20/2021 | | A | | 150000 | | (6) | 1/7/2031 | Common Stock | 150000 | (6) | 150000 | D | |
Explanation of Responses: |
(1) | Represents the vesting of restricted stock. |
(2) | Includes warrants to purchase 54 shares of common stock that are exercisable within 60 days of the Record Date. |
(3) | Each restricted stock unit is the economic equivalent of one share of Common Stock, par value $0.001, of Ault Global Holdings, Inc. |
(4) | On November 2, 2020, Mr. Smith was granted 100,000 restricted shares of the Issuer's Common Stock (the "Restricted Shares"), which vest in two equal installments on each of August 20, 2021, and November 15, 2021. The grant of Restricted Shares was approved at the Issuer's Annual Meeting of Stockholders on August 13, 2021, and authorized by the NYSE American on August 20, 2021. |
(5) | On January 8, 2021, Mr. Smith was granted 50,000 shares of the Issuer's Common Stock (the "Restricted Shares"), which vest in four installments on each of May 15, 2022, November 15, 2022, May 1, 2023 and November 15, 2023. The grant of Restricted Shares was approved at the Issuer's Annual Meeting of Stockholders on August 13, 2021, and authorized by the NYSE American on August 20, 2021. |
(6) | On April 26, 2021, the Issuer's Board of Directors approved an option repricing effective August 20, 2021, which resulted in, for purposes of the Exchange Act, the cancellation of these stock options granted to Mr. Smith on January 8, 2021, in exchange for new stock options (the "Options") having a lower exercise price of $2.55 per share. All of the other terms of the Options remained unchanged. The Options were approved at the Issuer's Annual Meeting of Stockholders on August 13, 2021, and authorized by the NYSE American on August 20, 2021. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
SMITH ROBERT O 11411 SOUTHERN HIGHLANDS PARKWAY SUITE 240 LAS VEGAS, NV 89141 | X |
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Signatures
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/s/ Robert O. Smith | | 8/24/2021 |
**Signature of Reporting Person | Date |
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