Milton C. Ault III - May 15, 2022 Form 4 Insider Report for BitNile Holdings, Inc. (AULT)

Role
Executive Chairman, Director, 10%+ Owner
Signature
/s/ Milton C. Ault, III
Stock symbol
AULT
Transactions as of
May 15, 2022
Transactions value $
$0
Form type
4
Date filed
5/17/2022, 08:25 PM
Previous filing
May 13, 2022
Next filing
May 18, 2022
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 +66.7K +42.43% $0.00 224K May 15, 2022 Direct F1
holding AULT Common Stock 7.1M May 15, 2022 By Ault Alpha LP F2
holding AULT Common Stock 1.66M May 15, 2022 By Ault & Company, Inc. F3
holding AULT Common Stock 3.41K May 15, 2022 By Philou Ventures, LLC F4

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 -66.7K -100% $0.00* 0 May 15, 2022 Common Stock 66.7K Direct F5, F6
holding AULT Restricted Stock Grant 400K May 15, 2022 Common Stock 400K Direct F5, F7
* 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 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.
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.
F4 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.
F5 Each restricted stock unit is the economic equivalent of one share of common stock, par value $0.001, of BitNile Holdings, Inc.
F6 On November 2, 2020, Mr. Ault was granted 200,000 restricted shares of the Issuer's common stock, which vested 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.
F7 On January 8, 2021, Mr. Ault was granted 400,000 restricted shares of the Issuer's common stock, which vest in four equal installments on each of November 15, 2022, May 1, 2023, November 15, 2023 and May 15, 2024.