Statement of Changes in Beneficial Ownership (4)
04 January 2022 - 8:31AM
Edgar (US Regulatory)
FORM 4
[ ]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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OMB APPROVAL
OMB Number:
3235-0287
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
*
AULT MILTON C III |
2. Issuer Name and Ticker or Trading Symbol
Alzamend Neuro, Inc.
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ALZN
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director __X__ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
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(Last)
(First)
(Middle)
3802 SPECTRUM BOULEVARD, SUITE 112C |
3. Date of Earliest Transaction
(MM/DD/YYYY)
12/31/2021 |
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(Street)
TAMPA, FL 33612
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security
(Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code
(Instr. 8)
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4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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| Common Stock | 12/31/2021 | | P | | 8000 | A | $1.9112 (1) | 6955000 | I | By Digital Power Lending, LLC (2) |
| Common Stock | | | | | | | | 250000 | D | |
| Common Stock | | | | | | | | 15000000 | I | By Ault Life Sciences, Inc (3) |
| Common Stock | | | | | | | | 10000000 | I | By Ault Life Sciences Fund, LLC( (4) |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security
(Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. Code
(Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4) | 8. Price of Derivative Security
(Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) |
| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
| Call Option (right to buy) | $2.50 | 12/31/2021 | | P | | 70 | | (5) | 8/19/2022 | Common Stock | 7000 | $81.0094 | 70 | I | By Digital Power Lending, LLC (2) |
| Call Option (right to buy) | $2.50 | | | | | | | (5) | 2/18/2022 | Common Stock | 40000 | | 400 | I | By Digital Power Lending, LLC (2) |
| Call Option (right to buy) | $5.00 | | | | | | | (5) | 2/18/2022 | Common Stock | 102000 | | 1020 | I | By Digital Power Lending, LLC (2) |
| Call Option (right to buy) | $7.50 | | | | | | | (5) | 2/18/2022 | Common Stock | 5000 | | 50 | I | By Digital Power Lending, LLC (2) |
| Call Option (right to buy) | $10.00 | | | | | | | (5) | 2/18/2022 | Common Stock | 40000 | | 400 | I | By Digital Power Lending, LLC (2) |
| Call Option (right to buy) | $2.50 | | | | | | | (5) | 5/20/2022 | Common Stock | 15000 | | 150 | I | By Digital Power Lending, LLC (2) |
| Call Option (right to buy) | $2.50 | | | | | | | (5) | 5/20/2022 | Common Stock | 15000 | | 150 | I | By Digital Power Lending, LLC (2) |
| Put Option (obligation to buy) | $2.50 | | | | | | | (5) | 5/20/2022 | Common Stock | 5000 | | 50 | I | By Digital Power Lending, LLC (2) |
| Explanation of Responses: |
| (1) | The common stock was purchased by the reporting person in open market transactions on the transaction date, with a volume weighted average purchase price of $1.9112. The range of purchase prices on the transaction date was $1.90 to $1.9299 per share. The reporting person undertakes to provide, upon request by the SEC staff, the issuer, or a security holder of the issuer, full information regarding the number of shares purchased at each price. |
| (2) | Digital Power Lending, LLC ("DPL") is a wholly-owned subsidiary of BitNile Holdings, Inc. ("BH"). Mr. Ault, the Executive Chairman of BH, is deemed to have voting and investment power with respect to the securities held of record by DPL. |
| (3) | Mr. Ault has sole voting and investment power with respect to the securities held of record by Ault Life Sciences, Inc. |
| (4) | Mr. Ault has sole voting and investment power with respect to the securities held of record by Ault Life Sciences Fund, LLC. |
| (5) | The security listed is an exchange-traded option contract. Exchange-traded options are immediately exercisable and remain exercisable until expiration. |
Reporting Owners
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| Reporting Owner Name / Address | Relationships |
| Director | 10% Owner | Officer | Other |
AULT MILTON C III
3802 SPECTRUM BOULEVARD, SUITE 112C
TAMPA, FL 33612 |
| X |
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Signatures
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| /s/ Milton C. Ault, III | | 1/3/2022 |
| **Signature of Reporting Person | Date |
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