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SKYX Platforms Corp. — Director's Dealing 2022
Feb 10, 2022
33953_dirs_2022-02-09_77c8a625-902a-4257-ab3f-7a5230ecb315.zip
Director's Dealing
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SEC Form 3 — Initial Statement of Beneficial Ownership
Issuer: SQL Technologies Corp. (SKYX)
CIK: 0001598981
Period of Report: 2022-02-09
Reporting Person: Kohen Ran Roland (Director, Executive Chairman, 10% Owner)
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) | $0.60 | 2025-11-15 | Common Stock, no par value (1000000) | Direct | |
| Stock Option (right to buy) | $6.00 | 2024-09-01 | Common Stock, no par value (1140000) | Direct | |
| Stock Option (right to buy) | $12.00 | 2027-01-01 | Common Stock, no par value (1140000) | Direct | |
| Stock Option (right to buy) | $3.00 | Common Stock, no par value (1500000) | Direct | ||
| Stock Option (right to buy) | $4.00 | Common Stock, no par value (1500000) | Direct | ||
| Stock Option (right to buy) | $5.00 | Common Stock, no par value (1000000) | Direct | ||
| Stock Option (right to buy) | $6.00 | Common Stock, no par value (2000000) | Direct | ||
| Stock Option (right to buy) | $7.00 | Common Stock, no par value (2000000) | Direct | ||
| Stock Option (right to buy) | $8.00 | Common Stock, no par value (2000000) | Direct | ||
| Stock Option (right to buy) | $12.00 | 2027-01-01 | Common Stock, no par value (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.