SEC Form 4 · accession 0001214659-18-007768
Hyperscale Data, Inc. · GPUS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William B Horne
Officer — Chief Financial Officer · Director
Period of report
Dec 21, 2018
Accepted (ET)
Dec 21, 2018 · 6:20 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000896493
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Dec 21, 2018 | P | 16,000 | $0.10 | A | 1,020,000 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1For his services, Mr. Horne received 1,000,000 shares of restricted common stock which shares shall vest in installments of two hundred thousand (200,000) shares annually over five (5) years beginning on January 1, 2019; provided, however, that such shares may, in whole or in part, in the discretion of the Compensation Committee of the Issuer, vest immediately upon the filing of the Issuer's Annual Report on Form 10-K with the Securities and Exchange Commission that shows that the Issuer's revenues for the applicable fiscal year reached or exceeded $100,000,000; notwithstanding the foregoing, before the Issuer accelerates any such vesting, the Issuer's Compensation Committee must prior thereto have obtained the consent of Mr. Horne, which consent may be withheld in his discretion.