Sec Form 4 Filing - AULT MILTON C III @ Alzamend Neuro, Inc. - 2021-11-02

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 Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 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. [ ALZN] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director X __ 10% Owner _____ Officer (give title below) _____ Other (specify below) (Last) (First) (Middle) 3802 SPECTRUM BOULEVARD, SUITE 112C 3. Date of Earliest Transaction (MM/DD/YY) 11/02/2021 (Street) TAMPA, FL33612 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) __ X __ Form filed by One Reporting Person _____ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Common Stock 11/03/2021 M( 1 ) 100,000 A $ 0 250,000 D Common Stock 6,720,388 I By Digital Power Lending, LLC ( 2 ) Common Stock 15,000,000 I By Ault Life Sciences, Inc. ( 3 ) Common Stock 10,000,000 I By Ault Life Sciences Fund, LLC ( 4 )

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities) 1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction 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 (MM/DD/YY) 7. Title and Amount of Underlying Securities (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 Stock Options (Right to Buy) $ 0.0004 11/03/2021 M 100,000 ( 5 ) 04/29/2026 Common Stock 100,000 $ 0 2,250,000 D Call Option (right to buy) $ 2.5 11/02/2021 P 50 ( 6 ) 05/20/2022 Common Stock 5,000 $ 79.5094 50 I By Digital Power Lending, LLC ( 2 ) Call Option (right to buy) $ 2.5 11/03/2021 P 100 ( 6 ) 05/20/2022 Common Stock 10,000 $ 77.5094 150 I By Digital Power Lending, LLC ( 2 ) Call Option (right to buy) $ 2.5 ( 6 ) 02/18/2022 Common Stock 40,000 400 I By Digital Power Lending, LLC ( 2 ) Call Option (right to buy) $ 2.5 ( 6 ) 02/18/2022 Common Stock 102,000 1,020 I By Digital Power Lending, LLC( ( 2 ) Call Option (right to buy) $ 10 ( 6 ) 02/18/2022 Common Stock 40,000 400 I By Digital Power Lending, LLC ( 2 ) Call Option (right to buy) $ 7.5 ( 6 ) 02/18/2022 Common Stock 5,000 50 I By Digital Power Lending, LLC ( 2 )

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other AULT MILTON C III 3802 SPECTRUM BOULEVARD, SUITE 112C TAMPA, FL33612 X Signatures /s/ Milton C. Ault, III 11/04/2021 Signature of Reporting Person Date

Explanation of Responses:

( 1 )This transaction was effected pursuant to Rule 16b-3 with shares of common stock received upon the exercise of stock options. ( 2 )Digital Power Lending, LLC ("DPL") is a wholly-owned subsidiary of Ault Global Holdings, Inc. ("AGH"). Mr. Ault, the Executive Chairman of AGH, 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 stock options exercised in this transaction were fully vested and exercisable as of the transaction date. ( 6 )The security listed is an exchange-traded option contract. Exchange-traded options are immediately exercisable and remain exercisable until expiration.

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).

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