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SKYX Platforms Corp. — Director's Dealing 2022
Feb 14, 2022
33953_dirs_2022-02-14_02d365a7-267f-459f-aa7c-884f72e96856.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: SQL Technologies Corp. (SKYX)
CIK: 0001598981
Period of Report: 2022-02-14
Reporting Person: SOKOLOW LEONARD J (Director)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2022-02-14 | Common Stock, no par value | J | 86032 | — | Acquired | 317656 | Indirect |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock, no par value | 309667 | Direct |
| Common Stock, no par value | 3600 | Indirect |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Stock Option (right to buy) | $0.60 | 2025-11-15 | Common Stock, no par value (150000) | 150000 | Direct |
| Stock Option (right to buy) | $3.00 | 2027-04-19 | Common Stock, no par value (150000) | 150000 | Direct |
| Stock Option (right to buy) | $4.00 | 2027-04-19 | Common Stock, no par value (150000) | 150000 | Direct |
| Stock Option (right to buy) | $3.00 | 2023-01-01 | Common Stock, no par value (100000) | 100000 | Direct |
| Stock Option (right to buy) | $3.00 | 2024-01-01 | Common Stock, no par value (100000) | 100000 | Direct |
| Stock Option (right to buy) | $12.00 | 2025-01-01 | Common Stock, no par value (100000) | 100000 | Direct |
| Stock Option (right to buy) | $12.00 | 2025-12-31 | Common Stock, no par value (100000) | 100000 | Direct |
| Stock Option (right to buy) | $12.00 | 2026-12-31 | Common Stock, no par value (100000) | 100000 | Direct |
| Warrant (right to buy) | $12.00 | 2023-12-31 | Common Stock, no par value (4469) | 4469 | Direct |
| Warrant (right to buy) | $12.00 | 2024-10-26 | Common Stock, no par value (1088) | 1088 | Direct |
| Warrant (right to buy) | $12.00 | 2024-11-29 | Common Stock, no par value (3375) | 3375 | Direct |
| Warrant (right to buy) | $12.00 | 2024-12-22 | Common Stock, no par value (19827) | 19827 | Direct |
| Warrant (right to buy) | $12.00 | 2023-12-31 | Common Stock, no par value (5674) | 5674 | Indirect |
| Warrant (right to buy) | $12.00 | 2024-10-26 | Common Stock, no par value (725) | 725 | Indirect |
| Warrant (right to buy) | $12.00 | 2024-11-29 | Common Stock, no par value (2250) | 2250 | Indirect |
| Warrant (right to buy) | $12.00 | 2024-12-22 | Common Stock, no par value (13216) | 13216 | Indirect |
| Warrant (right to buy) | $9.80 | 2024-06-30 | Common Stock, no par value (214957) | 214957 | Indirect |
| Warrant (right to buy) | $9.80 | 2024-08-31 | Common Stock, no par value (16667) | 16667 | Indirect |
| 6.0% Subordinated Convertible Promissory Note | $15.00 | 2023-09-22 | Common Stock, no par value () | Direct |
Footnotes
F1: These securities are owned by Newbridge Securities Corporation. The reporting person is the Chief Executive Officer and President of Newbridge Financial, Inc. and Chairman of Newbridge Securities Corporation, its broker dealer subsidiary.
F2: These securities are owned by Bridge Line Ventures, LLC Series ST-1 ("Bridge Line Ventures"). The reporting person is the Chief Executive Officer and President of Bridge Line Advisors, LLC, the manager of Bridge Line Ventures.
F3: Exercisable at any time on or prior to the expiration date at the holder's discretion at the initial exercise price of $12.00, subject to adjustment provisions (including certain anti-dilution provisions).
F4: Exercisable at any time on or prior to the expiration date at the holder's discretion at the adjusted exercise price of $9.80, subject to adjustment provisions (including certain anti-dilution provisions). The initial exercise price of $12.00 per share was automatically adjusted pursuant to applicable anti-dilution provisions in connection with the completion of the issuer's initial public offering.
F5: 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. This note was inadvertently omitted from the reporting person's Form 3.
F6: 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.
F7: The shares were issued pursuant to anti-dilution provisions set forth in the terms of the stock purchase agreements entered into between the issuer and Bridge Line Ventures between February 2021 and August 2021.