CRAGUN KENNETH S 4
4 · Ault Alliance, Inc. · Filed Jan 11, 2023
Insider Transaction Report
Form 4
CRAGUN KENNETH S
Chief Financial Officer
Transactions
- Exercise/Conversion
Common Stock
2023-01-09+125,000→ 200,000 total - Exercise/Conversion
Restricted Stock Grant
2023-01-09−50,000→ 0 totalExp: 2023-01-09→ Common Stock (50,000 underlying) - Exercise/Conversion
Restricted Stock Grant
2023-01-09−75,000→ 0 totalExp: 2023-01-09→ Common Stock (75,000 underlying)
Footnotes (4)
- [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 Alliance, Inc. (formerly, BitNile Holdings, Inc.) (the "Issuer").
- [F3]On January 8, 2021, Mr. Cragun was granted 100,000 restricted shares of the Issuer's common stock, which initially 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. Effective January 9, 2023, the Issuer approved the acceleration of the vesting of the last four tranches. The final 50,000 shares of the Issuer's common stock were issued on January 9, 2023.
- [F4]On May 21, 2021, Mr. Cragun was granted 100,000 restricted shares of the Issuer's common stock, which initially vest semi-annually on each of May 15 and November 15 in equal tranches on such dates over a period of four (4) years commencing on May 15, 2022. Effective January 9, 2023, the Issuer approved the acceleration of the vesting of the last six tranches. The final 75,000 shares of the Issuer's common stock were issued on January 9, 2023.