Statement of Changes in Beneficial Ownership (4)
December 03 2021 - 06:10PM
Edgar (US Regulatory)
FORM 4
[ ]
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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APPROVAL
OMB Number: 3235-0287
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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
|
|
| 1. Name
and Address of Reporting Person * AULT MILTON C
III |
2. Issuer Name and Ticker or Trading
Symbol Ault Global Holdings, Inc. [ DPW ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)__X__
Director _____
10% Owner
__X__ Officer (give title
below) _____ Other
(specify below)
Executive Chairman |
|
(Last)
(First)
(Middle)
11411 SOUTHERN HIGHLANDS PARKWAY, SUITE 240 |
3. Date of Earliest Transaction (MM/DD/YYYY)
12/1/2021
|
|
(Street)
LAS VEGAS, NV 89141
(City)
(State)
(Zip)
|
4. If Amendment, Date Original Filed
(MM/DD/YYYY)
|
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. Trans. Date |
2A. Deemed Execution Date, if any |
3. Trans. 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 |
12/1/2021 |
|
M(1) |
|
1250 |
A |
$0 |
151125 |
D |
|
|
Common Stock |
12/2/2021 |
|
P |
|
1000 |
A |
$1.6084 |
152125 |
D |
|
|
Common Stock |
12/3/2021 |
|
P |
|
2000 |
A |
$1.5195 (2) |
154125 |
D |
|
|
Common Stock |
12/2/2021 |
|
P |
|
125000 |
A |
$1.6231 (3) |
5530000 |
I |
By Ault Alpha LP (4) |
|
Common Stock |
12/3/2021 |
|
P |
|
300000 |
A |
$1.5653 (5) |
5830000 |
I |
By Ault Alpha LP (4) |
|
Common Stock |
|
|
|
|
|
|
|
1658916 |
I |
By Ault & Company, Inc. (6) |
|
Common Stock |
|
|
|
|
|
|
|
3408 |
I |
By Philou Ventures, LLC (7) |
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible
securities)
|
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 |
(8) |
12/1/2021 |
|
M |
|
|
1250 |
(9) |
12/1/2021 |
Common Stock |
1250 |
$0 |
0 |
D |
|
|
Restricted Stock Grant |
(8) |
|
|
|
|
|
|
(10) |
5/15/2022 |
Common Stock |
66667 |
|
66667 |
D |
|
|
Restricted Stock Grant |
(8) |
|
|
|
|
|
|
(11) |
5/15/2024 |
Common Stock |
400000 |
|
400000 |
D |
|
| Explanation of
Responses: |
| (1) |
Represents the vesting of
restricted stock. |
| (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 $1.5195. The range of purchase prices on the transaction date
was $1.4989 to $1.54 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) |
The common stock was
purchased by Ault Alpha LP ("Ault Alpha") in open market
transactions on the transaction date, with a volume weighted
average purchase price of $1.6231. The range of purchase prices on
the transaction date was $1.5954 to $1.6474 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. |
| (4) |
Milton C. Ault, III, is the
Manager of Ault Alpha GP LLC ("Ault GP") and Ault Capital
Management LLC ("AC Management"). Ault GP and AC Management are the
general partner and investment manager to Ault Alpha, respectively.
As such, Mr. Ault is deemed to beneficially own the shares held by
Ault Alpha. |
| (5) |
The common stock was
purchased by Ault Alpha in open market transactions on the
transaction date, with a volume weighted average purchase price of
$1.5653. The range of purchase prices on the transaction date was
$1.5408 to $1.5969 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. |
| (6) |
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. |
| (7) |
Ault & Co. is the
Manager of Philou Ventures, LLC. Milton C. Ault, III, as the Chief
Executive Officer of Ault & Co., is deemed to beneficially own
the shares held by Ault & Co. |
| (8) |
Each restricted stock unit
is the economic equivalent of one share of Common Stock, par value
$0.001, of Ault Global Holdings, Inc. |
| (9) |
Mr. Ault received 1,250
restricted shares of the Issuer's Common Stock (the "Restricted
Shares"), which vest ratably over forty-eight (48) months
commencing on January 1, 2020, subject to earlier vesting upon
achievement of certain milestones. On November 18, 2021, the Board
of Directors of the Issuer approved an amendment to the vesting
schedule whereby the Restricted Shares vested on December 1, 2021.
All of the Restricted Shares were issued, including shares that
previously vested but were unissued. |
| (10) |
On November 2, 2020, Mr.
Ault was granted 200,000 Restricted Shares, which vest in three
equal installments as follows: 66,666 shares on August 20, 2021,
66,667 shares on November 15, 2021, and 66,667 shares on May 15,
2022. |
| (11) |
On January 8, 2021, Mr. Ault
was granted 400,000 Restricted Shares, which vest in four equal
installments on each of November 15, 2022, May 1, 2023, November
15, 2023 and May 15, 2024. |
Reporting
Owners
|
|
Reporting Owner Name / Address |
Relationships
|
|
Director |
10% Owner |
Officer |
Other |
AULT MILTON C III
11411 SOUTHERN HIGHLANDS PARKWAY
SUITE 240
LAS VEGAS, NV 89141 |
X |
|
Executive Chairman |
|
Signatures
|
|
/s/ Milton C. Ault, III |
|
12/3/2021 |
| **Signature
of Reporting Person |
Date |
Ault Global (AMEX:DPW)
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