SKYX Platforms Corp. — Director's Dealing 2022

Jun 13, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SQL Technologies Corp. (SKYX)
CIK: 0001598981
Period of Report: 2022-06-09

Reporting Person: Kohen Ran Roland (Director, Executive Chairman, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-06-09	Common Stock, no par value	P	5000	$2.149	Acquired	15001	Direct
2022-06-10	Common Stock, no par value	P	1000	$2.05	Acquired	16001	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, no par value	9143969	Indirect
Common Stock, no par value	100000	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option (right to buy)	$0.6	2025-11-15	Common Stock, no par value (1000000)	1000000	Direct
Stock Option (right to buy)	$6	2024-09-01	Common Stock, no par value (1140000)	1140000	Direct
Stock Option (right to buy)	$12	2027-01-01	Common Stock, no par value (1140000)	1140000	Direct
Stock Option (right to buy)	$3		Common Stock, no par value (1500000)	1500000	Direct
Stock Option (right to buy)	$4		Common Stock, no par value (1500000)	1500000	Direct
Stock Option (right to buy)	$5		Common Stock, no par value (1000000)	1000000	Direct
Stock Option (right to buy)	$6		Common Stock, no par value (2000000)	2000000	Direct
Stock Option (right to buy)	$7		Common Stock, no par value (2000000)	2000000	Direct
Stock Option (right to buy)	$8		Common Stock, no par value (2000000)	2000000	Direct
Stock Option (right to buy)	$12	2027-01-01	Common Stock, no par value (10000000)	10000000	Direct

Footnotes

F1: These securities are owned by KRNB Holdings LLC, of which the reporting person is the sole owner and the manager.

F2: These options were granted on September 1, 2019 and vest as to 120,000 shares on January 1, 2020, with the remainder vesting in three equal annual installments of 340,000 shares beginning on the first anniversary of the date of grant, subject to continued service through the applicable vesting date.

F3: These options were granted on January 1, 2022 and vest as to 120,000 shares on January 1, 2023, with the remainder vesting in three equal annual installments of 340,000 shares beginning on the first anniversary of the date of grant, subject to continued service through the applicable vesting date.

F4: Pursuant to the chairman agreement, the reporting person was granted the following supplemental bonus options as it was determined that the applicable performance conditions had been satisfied: (i) options to purchase 1,500,000 shares of common stock at an exercise price of $3.00 per share; (ii) options to purchase 500,000 shares of common stock at an exercise price of $4.00 per share; and (iii) options to purchase 1,000,000 shares of common stock at an exercise price of $6.00 per share. These options were immediately exercisable and expire November 21, 2024.

F5: Pursuant to the chairman agreement, the reporting person has the following options as supplemental bonus compensation, subject to the issuer achieving the specified market capitalization: (i) options to purchase 500,000 shares of common stock at $4.00 per share, upon the issuer achieving each of the following market capitalizations: $1.5 billion and $2.0 billion; (ii) options to purchase 500,000 shares of common stock at $5.00 per share, upon the issuer achieving each of the following market capitalizations: $2.5 billion and $3.0 billion; (iii) options to purchase 500,000 shares of common stock at an exercise price of $6.00 per share, upon the issuer achieving each of the following market capitalizations: $1.5 billion and $2.0 billion;

F6: (continued) (iv) options to purchase 500,000 shares of common stock at an exercise price of $7.00 per share, upon the issuer achieving each of the following market capitalizations: $3.0 billion, $4.0 billion, $5.0 billion and $6.0 billion; and (v) options to purchase 500,000 shares of common stock at an exercise price of $8.00 per share, upon the issuer achieving each of the following market capitalizations: $7.0 billion, $8.0 billion, $9.0 billion and $10.0 billion. Options are subject to continued service through the applicable vesting date.

F7: Pursuant to the chairman agreement, in the event the issuer achieves a $10.0 billion valuation, for each valuation increase of $1.0 billion up to $30.0 billion, the reporting person has options to purchase 500,000 shares at an exercise price of $12.00 per share. Options are subject to continued service through the applicable vesting date.

F8: The price reported represents a weighted average price. These shares were purchased in multiple transactions at prices ranging from $2.08 and $2.24 per share. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price.