0001214659-22-002427 5 1 20211231 20220211 20220211 AULT MILTON C III 0001212502 DE 5 34 001-41171 22623198 15641 RED HILL AVENUE, SUITE 200 TUSTIN CA 92780 Ault Disruptive Technologies Corp 0001864032 6770 862279256 DE 1231 11411 SOUTHERN HIGHLANDS PKWY 240 LAS VEGAS NV 89141 (949) 444-5464 11411 SOUTHERN HIGHLANDS PKWY 240 LAS VEGAS NV 89141 5 1 ownership.xml FORM 5 OMB APPROVAL [ ] Check this OMB Number: box if no longer 3235-0362 subject to Estimated Section 16. Form average burden 4 or Form 5 UNITED STATES SECURITIES AND EXCHANGE COMMISSION hours per obligations may Washington, D.C. 20549 response... 1.0 continue. See ANNUAL STATEMENT OF CHANGES IN BENEFICIAL Instruction OWNERSHIP OF SECURITIES 1(b). [ ] Form 3 Holdings Reported [X] Form 4 Transactions Reported Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 1. Name and Address of Reporting 2. Issuer Name and Ticker 5. Relationship of Person * or Trading Symbol Reporting Person(s) to AULT MILTON C III Ault Disruptive Issuer (Check all Technologies Corp [ADRT] applicable) __X__ Director __X__ 10% Owner (Last) (First) (Middle) 3. Statement for Issuer's _____ Officer (give title C/O AULT DISRUPTIVE TECHNOLOGIES Fiscal Year Ended below) _____ Other CORP, 11411 SOUTHERN HIGHLANDS (MM/DD/YYYY) (specify below) PKWY, SUITE 240 12/31/2021 (Street) 4. If Amendment, Date 6. Individual or LAS VEGAS, NV 89141 Original Filed(MM/DD/YYYY) Joint/Group Filing(Check (City) (State) (Zip) Applicable Line) _X_ Form Filed by One Reporting Person ___ Form Filed by More than One Reporting Person Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security 2. Trans. Date 2A. 3. 4. Securities Acquired (A) or 5. Amount of 6. Ownership Form: 7. Nature of (Instr. 3) Deemed Trans. Disposed of (D) Securities Direct (D) or Indirect Execution Code (Instr. 3, 4 and 5) Beneficially Owned Indirect (I) Beneficial Date, if (Instr. Following Reported (Instr. 4) Ownership any 8) (A) Transaction(s) (Instr. 4) or (Instr. 3 and 4) Amount (D) Price By Ault Disruptive Common Stock (1) 2/23/2021 P 2875000 A (2) 2875000 I Technologies Company, LLC (2) By Digital Power Common Stock 12/16/2021 P4 1000 A $10.0262 (3) 2876000 I Lending, LLC (4) By Digital Power Common Stock 12/21/2021 P4 200 A $10.015 (5) 2876200 I Lending, LLC (4) Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) 1. Title of 2. 3. Trans. Date 3A. 4. Trans. Code 5. Number of 6. Date Exercisable 7. Title and Amount of 8. Price of 9. Number of 10. 11. Nature Derivate Security Conversion Deemed (Instr. 8) Derivative and Expiration Date Securities Underlying Derivative Derivative Ownership of Indirect (Instr. 3) or Execution Securities Acquired (MM/DD/YYYY) Derivative Security Security Securities Form of Beneficial Exercise Date, if (A) or Disposed of (Instr. 3 and 4) (Instr. 5) Beneficially Derivative Ownership Price of any (D) Owned at End Security: (Instr. 4) Derivative (Instr. 3, 4 and 5) of Issuer's Direct (D) Security Fiscal Year or (Instr. 4) Indirect Date Expiration Amount or (I) Exercisable Date Title Number of (Instr. 4) (A) (D) Shares By Ault Common Disruptive Warrants (6) $11.50 12/15/2021 P 7100000 (7) (7) Stock 7100000 $1.00 7100000 I Technologies Company, LLC (6) By Digital Warrants $11.50 12/16/2021 P4 750 (7) (7) Common 750 $10.0262 (3) 7100750 I Power Stock Lending, LLC (4) By Digital Warrants $11.50 12/21/2021 P4 150 (7) (7) Common 150 $10.015 (5) 7100900 I Power Stock Lending, LLC (4) Explanation of Responses: (1) This Form 5 is being filed by Mr. Ault to correct his indirect ownership of shares of Common Stock and Warrants that are directly held by Ault Disruptive Technologies Company, LLC (the "Sponsor") and to reflect the purchases described in Tables I and II. (2) This transaction reflects the shares of Common Stock purchased and held directly by the Sponsor, which were acquired pursuant to a Subscription Agreement by and among the Sponsor and the Issuer. The shares of Common Stock were purchased for a total sum of $25,000. The Sponsor is a wholly-owned subsidiary of BitNile Holdings, Inc. ("BitNile"). Mr. Ault, the Executive Chairman of BitNile, is deemed to have voting and investment power with respect to the securities held of record by the Sponsor. This transaction is reflected in this Form 5 to correct and reflect Mr. Ault's indirect ownership of the shares directly held by the Sponsor. (3) This transaction was executed in multiple trades at a per unit price ranging from $10.00 to $10.035. The price above reflects the weighted average sale price. The per unit price above reflects the total price per unit, each unit consisted of one share of Common Stock and three-fourths of one redeemable warrant ("Unit"). 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. (4) Digital Power Lending, LLC ("DPL") is a wholly-owned subsidiary of BitNile. Mr. Ault, the Executive Chairman of BitNile, is deemed to have voting and investment power with respect to the securities held of record by DPL. (5) The price reflects the per Unit purchase price. (6) This transaction reflects the Warrants purchased and held directly by the Sponsor, which were acquired pursuant to a private placement by and among the Sponsor and the Issuer. The Sponsor is a wholly-owned subsidiary of BitNile. Mr. Ault, the Executive Chairman of BitNile, is deemed to have voting and investment power with respect to the securities held of record by the Sponsor. This transaction is reflected in this Form 5 to correct and reflect Mr. Ault's indirect ownership of the Warrants directly held by the Sponsor. (7) The Warrants may be exercised during the period commencing on the later of (A) the consummation by the Issuer of a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or other similar business combination with one or more businesses or entities (a "Business Combination") or (B) December 15, 2022, and terminating at 5:00 p.m., New York City time, on the date that is five years after the consummation of the Issuer's initial Business Combination or earlier upon redemption or the liquidation of the Issuer. Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other AULT MILTON C III C/O AULT DISRUPTIVE TECHNOLOGIES CORP X X 11411 SOUTHERN HIGHLANDS PKWY, SUITE 240 LAS VEGAS, NV 89141 Signatures /s/ Milton C. Ault III 2/11/2022 ** Signature of Reporting Person Date Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. * If the form is filed by more than one reporting person, see Instruction 4(b)(v). ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.