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Ault Milton C III – ‘4’ for 3/18/24 re: Ault Alliance, Inc.

On:  Wednesday, 3/20/24, at 4:59pm ET   ·   For:  3/18/24   ·   As:  Director and Officer   ·   Accession #:  1214659-24-4896   ·   File #:  1-12711

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 3/20/24  Ault Milton C III                 4          Dir.,Off.   1:11K  Ault Alliance, Inc.               Securex Filings/FA

Statement of Changes in Beneficial Ownership of Securities by an Insider   —   Form 4   —   SEA’34

Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 4           Statement of Changes in Beneficial Ownership of     HTML     12K 
                Securities by an Insider --                                      
                marketforms-65289.xml/5.8


        

This ‘4’ Document is an XML Data File that may be rendered in various formats:

  Form 4    –   Plain Text   –  SEC Website  –  EDGAR System  –    XML Data    –  <?xml?> File
 
 
SEC Info℠ rendering:  Statement of Changes in Beneficial Ownership of Securities by an Insider — marketforms-65289.xml/5.8
 

The SEC has not released XSLT Stylesheets needed to render this File’s XML Data as a Form.

This is our “Plain Text” rendering:
 
                                                                                                                                                                                
Ownership Document
 
Schema Version:  X0508
Document Type:  4
Period of Report:  3/18/24
Issuer:
Issuer CIK:  896493
Issuer Name:  Ault Alliance, Inc.
Issuer Trading Symbol:  AULT
Reporting Owner:
Reporting Owner ID:
Owner CIK:  1212502
Owner Name:  AULT MILTON C III
Reporting Owner Address:
Owner Street 1:  11411 SOUTHERN HIGHLANDS PARKWAY
Owner Street 2:  SUITE 240
Owner City:  LAS VEGAS
Owner State:  NV
Owner ZIP Code:  89141
Owner State Description:
Reporting Owner Relationship:
Is Director?  Yes
Is Officer?  Yes
Is Ten Percent Owner?  No
Is Other?  No
Officer Title:  Executive Chairman
Other Text:
Aff 10b5 One:  0
Non-Derivative Table:
Derivative Table:
Derivative Transaction:
Security Title:
Value:  Series C Convertible Preferred Stock
Conversion or Exercise Price:
Footnote ID:  F1
Transaction Date:
Value:  3/18/24
Deemed Execution Date:
Transaction Coding:
Transaction Form Type:  4
Transaction Code:  P
Equity Swap Involved?  No
Transaction Timeliness:
Transaction Amounts:
Transaction Shares:
Value:  500
Transaction Price Per Share:
Value:  1,000.00
Transaction Acquired-Disposed Code:
Value:  A
Exercise Date:
Value:  3/18/24
Expiration Date:
Footnote ID:  F2
Underlying Security:
Underlying Security Title:
Value:  Common Stock
Underlying Security Shares:
Footnote ID:  F3
Footnote ID:  F4
Post-Transaction Amounts:
Shares Owned Following Transaction:
Value:  43,000
Ownership Nature:
Direct or Indirect Ownership:
Value:  I
Nature of Ownership:
Value:  By Ault & Company, Inc.
Footnote ID:  F5
Derivative Transaction:
Security Title:
Value:  Series C Warrants
Conversion or Exercise Price:
Value:  3.3825
Transaction Date:
Value:  3/18/24
Deemed Execution Date:
Transaction Coding:
Transaction Form Type:  4
Transaction Code:  P
Equity Swap Involved?  No
Transaction Timeliness:
Transaction Amounts:
Transaction Shares:
Value:  147,820
Transaction Price Per Share:
Value:  0.00
Transaction Acquired-Disposed Code:
Value:  A
Exercise Date:
Value:  9/18/24
Expiration Date:
Value:  3/17/29
Underlying Security:
Underlying Security Title:
Value:  Common Stock
Underlying Security Shares:
Value:  147,820
Footnote ID:  F4
Post-Transaction Amounts:
Shares Owned Following Transaction:
Value:  12,712,502
Ownership Nature:
Direct or Indirect Ownership:
Value:  I
Nature of Ownership:
Value:  By Ault & Company, Inc.
Footnote ID:  F5
Derivative Transaction:
Security Title:
Value:  Series C Convertible Preferred Stock
Conversion or Exercise Price:
Footnote ID:  F1
Transaction Date:
Value:  3/19/24
Deemed Execution Date:
Transaction Coding:
Transaction Form Type:  4
Transaction Code:  P
Equity Swap Involved?  No
Transaction Timeliness:
Transaction Amounts:
Transaction Shares:
Value:  500
Transaction Price Per Share:
Value:  1,000.00
Transaction Acquired-Disposed Code:
Value:  A
Exercise Date:
Value:  3/19/24
Expiration Date:
Footnote ID:  F2
Underlying Security:
Underlying Security Title:
Value:  Common Stock
Underlying Security Shares:
Footnote ID:  F3
Footnote ID:  F4
Post-Transaction Amounts:
Shares Owned Following Transaction:
Value:  43,500
Ownership Nature:
Direct or Indirect Ownership:
Value:  I
Nature of Ownership:
Value:  By Ault & Company, Inc.
Footnote ID:  F5
Derivative Transaction:
Security Title:
Value:  Series C Warrants
Conversion or Exercise Price:
Value:  3.3825
Transaction Date:
Value:  3/19/24
Deemed Execution Date:
Transaction Coding:
Transaction Form Type:  4
Transaction Code:  P
Equity Swap Involved?  No
Transaction Timeliness:
Transaction Amounts:
Transaction Shares:
Value:  147,820
Transaction Price Per Share:
Value:  0.00
Transaction Acquired-Disposed Code:
Value:  A
Exercise Date:
Value:  9/19/24
Expiration Date:
Value:  3/18/29
Underlying Security:
Underlying Security Title:
Value:  Common Stock
Underlying Security Shares:
Value:  147,820
Footnote ID:  F4
Post-Transaction Amounts:
Shares Owned Following Transaction:
Value:  128,603,220
Ownership Nature:
Direct or Indirect Ownership:
Value:  I
Nature of Ownership:
Value:  By Ault & Company, Inc.
Footnote ID:  F5
Footnotes:
Footnote - F1:  Each share of Series C Convertible Preferred Stock has a stated value of $1,000.00 and is convertible into shares of Common Stock at a conversion price equal to the greater of (i) $0.10 per share and (ii) the lesser of (A) $0.35 or (B) 105% of the volume weighted average price of the Common Stock during the ten trading days immediately prior to the date of conversion (the "Conversion Price"). The Conversion Price is subject to adjustment in the event of an issuance of 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.
Footnote - F2:  The Series C Convertible Preferred Stock has no expiration date.
Footnote - F3:  As of March 20, 2024, the Conversion Price was $0.35 a share, so each share of Series C Convertible Preferred Stock is convertible into approximately 2,857 shares of Common Stock.
Footnote - F4:  The Issuer is restricted from issuing shares of Common Stock upon conversion of the Series C Convertible Preferred Stock and /or exercise of the Series C Warrants to the extent such issuances would result in an aggregate number of shares of Common Stock exceeding 452,214, which represents 19.99% of the total shares of Common Stock issued and outstanding as of November 6, 2023, the execution date of the purchase agreement pursuant to which the shares of Series C Convertible Preferred Stock and Series C Warrants are issued, in accordance with the rules and regulations of the NYSE American unless the Issuer first obtains stockholder approval, which has not yet been obtained.
Footnote - F5:  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.
Remarks:
Owner Signature:
Signature Name:  /s/ Milton C. Ault, III
Signature Date:  3/20/24


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