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Filing Details

Accession Number:: 0001214659-22-007190
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2022-05-18 21:20:04
Reporting Period:: 2022-05-17

Accepted Time:: 2022-05-18 21:20:04
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1677077	Alzamend Neuro Inc.	ALZN	()	DE

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1212502	Iii C Milton Ault	11411 Southern Highlands Parkway Suite 240 Las Vegas NV 89141		No	No	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Acquisiton	2022-05-17	23,900	$0.98	9,815,567	No	4	P	Indirect	By Digital Power Lending, LLC
Common Stock	Acquisiton	2022-05-17	1,100	$2.50	9,816,667	No	4	J	Indirect	By Digital Power Lending, LLC

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Indirect	By Digital Power Lending, LLC
No	4	J	Indirect	By Digital Power Lending, LLC

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Put Option (obligation to buy)	Disposition	2022-05-17	11	$250.00	1,100	$2.50

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
39		2022-05-20	No	4	J	Indirect

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	2,500,000	Direct
Common Stock	14,942,984	Indirect	By Ault Life Sciences, Inc.
Common Stock	10,000,000	Indirect	By Ault Life Sciences Fund, LLC
Common Stock	325,000	Indirect	By Ault Alpha LP

Reported Derivative Holdings

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Sec. Name	Sec. Type	Price	Date	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Common Stock	Call Option (right to buy)	$2.50		2022-08-19	7,000	70	Indirect
Common Stock	Call Option (right to buy)	$2.50		2022-05-20	15,000	150	Indirect

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
2022-08-19	7,000	70	Indirect
2022-05-20	15,000	150	Indirect

Footnotes

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 $0.9767. The range of purchase prices on the transaction date was $0.96 to $0.98 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.
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.
On November 4, 2021, DPL wrote 50 put option contracts expiring in May 2022, which provided that DPL will be required to purchase shares of common stock at the stated strike price if the counterparty exercises such put options. On the transaction date listed above, the counterparty exercised 11 of such put options at $2.50 per share of common stock.
Mr. Ault has sole voting and investment power with respect to the securities held of record by Ault Life Sciences, Inc.
Mr. Ault has sole voting and investment power with respect to the securities held of record by Ault Life Sciences Fund, LLC.
Milton C. Ault, III, is the Manager of Ault Alpha GP LLC ("Ault GP") and Ault Capital Management LLC ("AC Management"). Ault GP and AC Management are the general partner and investment manager to Ault Alpha LP, respectively. As such, Mr. Ault is deemed to beneficially own the shares held by Ault Alpha LP.
The security listed is an exchange-traded option contract. Exchange-traded options are immediately exercisable and remain exercisable until expiration.