SKYX Platforms Corp. — Director's Dealing 2022

Feb 16, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SQL Technologies Corp. (SKYX)
CIK: 0001598981
Period of Report: 2022-02-14

Reporting Person: Shiff Dov (Director, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-02-14	Common Stock, no par value	C	2600000	—	Acquired	3855000	Direct
2022-02-14	Common Stock, no par value	P	235712	$14	Acquired	235712	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-02-14	Series A Convertible Preferred Stock	$	C	2600000	Disposed		Common Stock, no par value (2600000)	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, no par value	10779618	Indirect
Common Stock, no par value	40000	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option (right to buy)	$3.00	2023-01-01	Common Stock, no par value (25000)	25000	Direct
Stock Option (right to buy)	$3.00	2024-01-01	Common Stock, no par value (25000)	25000	Direct
Stock Option (right to buy)	$12.00	2025-01-01	Common Stock, no par value (25000)	25000	Direct
Stock Option (right to buy)	$12.00	2025-12-31	Common Stock, no par value (25000)	25000	Direct
Stock Option (right to buy)	$12.00	2026-12-31	Common Stock, no par value (25000)	25000	Direct
6.0% Subordinated Convertible Promissory Note	$15.00	2023-11-03	Common Stock, no par value ()		Indirect

Footnotes

F1: These securities are owned by Shiff Group Investments Ltd., of which the reporting person is an owner and the President and Chief Executive Officer.

F2: The securities are owned by Shiff Group Assets Ltd., of which the reporting person is a controlling person.

F3: In connection with the consummation of the issuer's initial public offering, which closed on February 14, 2022, the reporting person elected to convert all shares of Series A Convertible Preferred Stock held into shares of common stock. The Series A Convertible Preferred Stock was convertible at any time, at the holder's election, on a one-for-one basis, and had no expiration date.

F4: The principal amount, plus any accrued and unpaid interest, is convertible at any time on or prior to the maturity date at the holder's discretion at the conversion price of $15.00.

F5: Represents the principal amount of the convertible note and excludes interest that may accrue. Interest on the note is payable annually, in cash or common stock, at the holder's discretion.