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

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden hours per response... 0.5

(Print or Type Responses)
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 (Month/Day/Year)
07/30/2021
(Street)

TAMPA, FL 33612
4. If Amendment, Date Original Filed(Month/Day/Year)
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 (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 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 07/30/2021   P   5,000 A $ 4.5687 (1) 5,346,555 I By Digital Power Lending, LLC (2)
Common Stock 07/30/2021   P   1,333,333 A $ 1.5 (3) 6,679,888 I By Digital Power Lending, LLC (2)
Common Stock 08/02/2021   P   1,500 A $ 4.5633 (4) 6,681,388 I By Digital Power Lending, LLC (2)
Common Stock 08/03/2021   P   500 A $ 4.35 6,681,888 I By Digital Power Lending, LLC (2)
Common Stock               15,000,000 I By Ault Life Sciences, Inc. (5)
Common Stock               10,000,000 I By Ault Life Sciences Fund, LLC (6)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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. SEC 1474 (9-02)

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 (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 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
(Month/Day/Year)
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
Common Stock Purchase Warrants $ 1.5 07/30/2021   P   666,667     (7) 07/29/2026 Common Stock 666,667 (3) 666,667 I By Digital Power Lending, LLC (2)
Call Option (right to buy) $ 10 07/30/2021   P   500     (8) 08/20/2021 Common Stock 50,000 $ 10.5138 500 I By Digital Power Lending, LLC (2)
Call Option (right to buy) $ 5 07/30/2021   P   20     (8) 02/18/2022 Common Stock 2,000 $ 155.514 50 I By Digital Power Lending, LLC (2)
Call Option (right to buy) $ 10 07/30/2021   P   10     (8) 02/18/2022 Common Stock 1,000 $ 80.514 30 I By Digital Power Lending, LLC (2)
Call Option (right to buy) $ 7.5 07/30/2021   P   10     (8) 02/18/2022 Common Stock 1,000 $ 95.514 30 I By Digital Power Lending, LLC (2)
Call Option (right to buy) $ 10 08/03/2021   P   10     (8) 02/18/2022 Common Stock 1,000 $ 70.512 40 I By Digital Power Lending, LLC (2)
Call Option (right to buy) $ 2.5 08/03/2021   P   10     (8) 02/18/2022 Common Stock 1,000 $ 228.512 10 I By Digital Power Lending, LLC (2)
Common Stock Purchase Warrants $ 1.5               (7) 03/08/2026 Common Stock 1,333,333   1,333,333 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, FL 33612
    X    

Signatures

 /s/ Milton C. Ault, III   08/03/2021
**Signature of Reporting Person Date

Explanation of Responses:

* 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).
(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 $4.5687. The range of purchase prices on the transaction date was $4.45 to $4.71 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 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) DPL purchased 1,333,333 shares of the Issuer's common stock and warrants to purchase 666,667 shares of the Issuer's common stock with an exercise price of $3.00 per share, pursuant to a securities purchase agreement dated March 9, 2021, entered into by and between DPL and the Issuer.
(4) 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 $4.5633. The range of purchase prices on the transaction date was $4.50 to $4.595 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.
(5) Mr. Ault has sole voting and investment power with respect to the securities held of record by Ault Life Sciences, Inc.
(6) Mr. Ault has sole voting and investment power with respect to the securities held of record by Ault Life Sciences Fund, LLC.
(7) These warrants are exercisable, however, they are not deemed to be beneficially owned since they contain a beneficial ownership blocker provision preventing exercise if the exercise would result in the holder beneficially owning in excess of 4.99% of the Issuer's common stock.
(8) The security listed is an exchange-traded option contract. Exchange-traded options are immediately exercisable and remain exercisable until expiration.

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.