SKYX Platforms Corp. — Director's Dealing 2023

Apr 6, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SKYX Platforms Corp. (SKYX)
CIK: 0001598981
Period of Report: 2023-04-05

Reporting Person: SOKOLOW LEONARD J (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-04-05	Common Stock, no par value	A	17500	—	Acquired	376217	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-04-05	Stock Option (right to buy)	$3.28	A	17500	Acquired	2028-04-05	Common Stock, no par value (17500)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, no par value	3600	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 (150000)	150000	Direct
Stock Option (right to buy)	$3	2027-04-19	Common Stock, no par value (150000)	150000	Direct
Stock Option (right to buy)	$4	2027-04-19	Common Stock, no par value (150000)	150000	Direct
Stock Option (right to buy)	$3	2024-01-01	Common Stock, no par value (100000)	100000	Direct
Stock Option (right to buy)	$12	2025-01-01	Common Stock, no par value (100000)	100000	Direct
Stock Option (right to buy)	$12	2025-12-31	Common Stock, no par value (100000)	100000	Direct
Stock Option (right to buy)	$12	2026-12-31	Common Stock, no par value (100000)	100000	Direct
Stock Option (right to buy)	$12.34	2027-03-11	Common Stock, no par value (17500)	17500	Direct
Warrant (right to buy)	$12	2023-12-31	Common Stock, no par value (4469)	4469	Direct
Warrant (right to buy)	$9.8	2024-10-26	Common Stock, no par value (1088)	1088	Direct
Warrant (right to buy)	$9.8	2024-11-29	Common Stock, no par value (3375)	3375	Direct
Warrant (right to buy)	$9.8	2024-12-22	Common Stock, no par value (19827)	19827	Direct
Warrant (right to buy)	$12	2023-12-31	Common Stock, no par value (5674)	5674	Indirect
Warrant (right to buy)	$9.8	2024-10-26	Common Stock, no par value (725)	725	Indirect
Warrant (right to buy)	$9.8	2024-11-29	Common Stock, no par value (2250)	2250	Indirect
Warrant (right to buy)	$9.8	2024-12-22	Common Stock, no par value (13216)	13216	Indirect
6.0% Subordinated Convertible Promissory Note	$15	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: Exercisable at any time on or prior to the expiration date at the holder's discretion at the initial exercise price of $12.00 per share, subject to adjustment provisions (including certain anti-dilution provisions).

F3: Exercisable at any time on or prior to the expiration date at the holder's discretion at the adjusted exercise price of $9.80 per share, subject to adjustment provisions (including certain anti-dilution provisions).

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

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.

F6: Includes 30,250 restricted shares granted in consideration for services to be provided to the issuer pursuant to a corporate advisory agreement between the issuer and Newbridge Securities Corporation dated November 9, 2022. The restricted shares vest on the following schedule: one quarter of the shares on each of November 9, 2022 and the six-, 12- and 18-month anniversaries of such date. If the agreement is terminated prior to its expiration, any shares that have not vested as of such date will be forfeited.

F7: Options vest in twelve equal monthly installments, beginning on the last day of the month in which the options were granted. These options were granted pursuant to the non-employee director compensation program.

F8: Represents shares of restricted stock, which vested immediately upon grant and were granted pursuant to the non-employee director compensation program.