Ault Milton C III - Nov 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
Nov 15, 2022
Transactions value $
$0
Form type
4
Date filed
11/17/2022, 08:32 PM
Previous filing
Nov 15, 2022
Next filing
Nov 21, 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 +100K +24.4% $0.00 510K Nov 15, 2022 Direct F1
holding AULT Common Stock 46.5M Nov 15, 2022 By Ault Alpha LP F2
holding AULT Common Stock 1.66M Nov 15, 2022 By Ault & Company, Inc. F3
holding AULT Common Stock 3.41K Nov 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 -100K -25% $0.00 300K Nov 15, 2022 Common Stock 100K Direct F5, F6
holding AULT Restricted Stock Grant 15M Nov 15, 2022 Common Stock 15M 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 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.
F7 On September 6, 2022, Mr. Ault was granted 15,000,000 restricted shares of Common Stock, of which 5,000,000 and 10,000,000 shares, respectively, shall vest on the second and fourth anniversary of the date of approval by the Issuer's stockholders of the grant, subject to receipt of approval therefor by the Issuer's stockholders and the NYSE American.