Hyperscale Data, Inc. — Director's Dealing 2025

Sep 4, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Hyperscale Data, Inc. (GPUS)
CIK: 0000896493
Period of Report: 2025-09-02

Reporting Person: AULT MILTON C III (N/A)
Reporting Person: Ault & Company, Inc. (N/A)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2025-09-02	Series H Convertible Preferred Stock	$	A	4000	Acquired		Common Stock ()	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Series C Convertible Preferred Stock	$		Common Stock ()	50000	Indirect
Series G Convertible Preferred Stock	$		Common Stock ()	960	Indirect
Series C Warrants	$118.3875		Common Stock (422337)	422337	Indirect
Series G Warrants	$5.918		Common Stock (162217)	162217	Indirect
October 2023 Warrants	$160.7375		Common Stock (54498)	54498	Indirect
Class B Common Stock	$0.00		Common Stock (4234561)	4234561	Indirect
Class B Common Stock	$0.00		Common Stock (346)	346	Direct

Footnotes

F1: As of September 4, 2025, the Series H Conversion Price was $0.419475 per share, so each share of Series H Convertible Preferred Stock is convertible into approximately 2,383.93 shares of Class A Common Stock.

F2: Each share of Series H Convertible Preferred Stock has a stated value of $1,000.00 and is convertible into shares of Class A Common Stock at a conversion price equal to the greater of (i) $0.10 per share and (ii) the lesser of (A) $0.79645 or (B) 105% of the volume weighted average price of the Class A Common Stock during the ten trading days immediately prior to the date of conversion (the "Series H Conversion Price"). The Series H Conversion Price is subject to adjustment in the event of an issuance of Class A Common Stock at a price per share lower than the Conversion Price then in effect, as well as upon customary stock splits, stock dividends, combinations or similar events.

F3: The Series H Convertible Preferred Stock has no expiration date.

F4: 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.

F5: As of September 4, 2025, the Series C Conversion Price was $0.419475 per share, so each share of Series C Convertible Preferred Stock is convertible into approximately 2,383.93 shares of Class A Common Stock.

F6: Each share of Series C Convertible Preferred Stock has a stated value of $1,000.00 and is convertible into shares of Class A Common Stock at a conversion price equal to the greater of (i) $0.10 per share and (ii) the lesser of (A) $183.58 or (B) 105% of the volume weighted average price of the Class A Common Stock during the ten trading days immediately prior to the date of conversion (the "Series C Conversion Price"). The Series C Conversion Price is subject to adjustment in the event of an issuance of Class A Common Stock at a price per share lower than the Conversion Price then in effect, as well as upon customary stock splits, stock dividends, combinations or similar events.

F7: The Series C Convertible Preferred Stock has no expiration date.

F8: As of September 4, 2025, the Series G Conversion Price was $0.419475 per share, so each share of Series G Convertible Preferred Stock is convertible into approximately 2,383.93 shares of Class A Common Stock.

F9: Each share of Series G Convertible Preferred Stock has a stated value of $1,000.00 and is convertible into shares of Class A Common Stock at a conversion price equal to the greater of (i) $0.10 per share and (ii) the lesser of (A) $6.74 or (B) 105% of the volume weighted average price of the Class A Common Stock during the ten trading days immediately prior to the date of conversion (the "Series G Conversion Price"). The Series G Conversion Price is subject to adjustment in the event of an issuance of Class A Common Stock at a price per share lower than the Conversion Price then in effect, as well as upon customary stock splits, stock dividends, combinations or similar events.

F10: The Series G Convertible Preferred Stock has no expiration date

F11: The October 2023, the Series C Warrants and the Series G Warrants have a five-year term, expiring on the fifth anniversary of the date of issuance, and become exercisable on the first business day after the six-month anniversary of the date of issuance.

F12: Each share of Class B Common Stock is convertible into one share of Class A Common Stock.

F13: The Class B Common Stock does not expire.