Kenneth S. Cragun - Aug 24, 2021 Form 4 Insider Report for Ault Global Holdings, Inc. (AULT)

Role
Chief Financial Officer
Signature
/s/ Kenneth Cragun
Stock symbol
AULT
Transactions as of
Aug 24, 2021
Transactions value $
$0
Form type
4
Date filed
8/26/2021, 04:30 PM
Previous filing
Jun 14, 2021
Next filing
Nov 12, 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AULT Common Stock Options Exercise $0 +12.5K $0.00 12.5K Aug 24, 2021 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction AULT Restricted Stock Grant Options Exercise $0 -12.5K -12.5% $0.00 87.5K Aug 24, 2021 Common Stock 12.5K Direct F2, F3
transaction AULT Stock Options (Right to Buy) Award +150K 150K Aug 24, 2021 Common Stock 150K $2.51 Direct F4
transaction AULT Stock Options (Right to Buy) Disposed to Issuer -250K -100% 0 Aug 24, 2021 Common Stock 250K $4.49 Direct F5
transaction AULT Stock Options (Right to Buy) Award +250K 250K Aug 24, 2021 Common Stock 250K $2.51 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the vesting of restricted stock.
F2 Each restricted stock unit is the economic equivalent of one share of Common Stock, par value $0.001, of Ault Global Holdings, Inc.
F3 On January 8, 2021, Mr. Cragun was granted 100,000 restricted shares of the Issuer's Common Stock (the "Restricted Shares"), which vest semi-annually on each of May 15 and November 15 in equal tranches on such dates over a period of four (4) years, with the exception of the first tranche of 12,500 which vested on August 24, 2021.
F4 On August 24, 2021, Mr. Cragun was granted stock options (the "Options") to purchase 150,000 shares of the Issuer's Common Stock, which Options vest monthly in 1/48th increments beginning on September 1, 2021.
F5 On April 26, 2021, the Issuer's Board of Directors approved an option repricing effective August 24, 2021, which resulted in, for purposes of Section 16 of the Exchange Act, the cancellation of these Options granted to Mr. Cragun on January 8, 2021, in exchange for new Options having a lower exercise price of $2.51 per share. 15% of the Options vested on August 24, 2021, and the remaining Options vest monthly in 1/40th increments.