Kenneth S. Cragun - Aug 24, 2021 Form 4 Insider Report for Ault Global Holdings, Inc. (AULT)

Role: Chief Financial Officer
Signature: /s/ Kenneth Cragun
Stock symbol: AULT
Transactions as of: Aug 24, 2021
Transactions value $: $0
Form type: 4
Date filed: 8/26/2021, 04:30 PM
Previous filing: Jun 14, 2021
Next filing: Nov 12, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AULT	Common Stock	Options Exercise	$0	+12.5K		$0.00	12.5K	Aug 24, 2021	Direct	F1

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	-12.5K	-12.5%	$0.00	87.5K	Aug 24, 2021	Common Stock	12.5K		Direct	F2, F3
transaction	AULT	Stock Options (Right to Buy)	Award		+150K			150K	Aug 24, 2021	Common Stock	150K	$2.51	Direct	F4
transaction	AULT	Stock Options (Right to Buy)	Disposed to Issuer		-250K	-100%		0	Aug 24, 2021	Common Stock	250K	$4.49	Direct	F5
transaction	AULT	Stock Options (Right to Buy)	Award		+250K			250K	Aug 24, 2021	Common Stock	250K	$2.51	Direct	F5

* 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	Each restricted stock unit is the economic equivalent of one share of Common Stock, par value $0.001, of Ault Global Holdings, Inc.
F3	On January 8, 2021, Mr. Cragun was granted 100,000 restricted shares of the Issuer's Common Stock (the "Restricted Shares"), which 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.
F4	On August 24, 2021, Mr. Cragun was granted stock options (the "Options") to purchase 150,000 shares of the Issuer's Common Stock, which Options vest monthly in 1/48th increments beginning on September 1, 2021.
F5	On April 26, 2021, the Issuer's Board of Directors approved an option repricing effective August 24, 2021, which resulted in, for purposes of Section 16 of the Exchange Act, the cancellation of these Options granted to Mr. Cragun on January 8, 2021, in exchange for new Options having a lower exercise price of $2.51 per share. 15% of the Options vested on August 24, 2021, and the remaining Options vest monthly in 1/40th increments.