SKYX Platforms Corp. — Director's Dealing 2024

Oct 7, 2024

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SKYX Platforms Corp. (SKYX)
CIK: 0001598981
Period of Report: 2024-10-04

Reporting Person: Schmidt Steven Mark (President)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2024-10-04	Series A-1 Preferred Stock	$	P	20000	Acquired		Common Stock, no par value (250000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, no par value	172957	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option (right to buy)	$12	2026-06-01	Common Stock, no par value (100000)	100000	Direct

Footnotes

F1: The Series A-1 Preferred Stock (the "Preferred Stock") has an original issue price of $25.00 per share and is convertible at any time, at the holder's option, into shares of the issuer's common stock at an initial conversion price of $2.00 per share (or 12.5 shares of common stock for each share of Preferred Stock), subject to adjustment provisions (including certain anti-dilution provisions) and a minimum conversion price of $1.20 per share. Until October 4, 2026, the Preferred Stock is subject to mandatory conversion by the issuer upon the occurrence of certain specified events. In addition, the issuer may redeem the Preferred Stock for cash upon the occurrence of certain events or at any time beginning October 4, 2027. The Preferred Stock has no expiration date.

F2: These options were granted on June 1, 2021 and vested in four equal annual installments of 25,000 shares beginning on the date of grant.