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SKYX Platforms Corp. — Director's Dealing 2024
Sep 14, 2024
33953_dirs_2024-09-13_87315c66-799f-4d5f-be1e-0005bae9a679.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: SKYX Platforms Corp. (SKYX)
CIK: 0001598981
Period of Report: 2024-09-12
Reporting Person: SOKOLOW LEONARD J (Director, Co-Chief Executive Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-09-12 | Common Stock, no par value | G | 18000 | — | Disposed | 741220 | Direct |
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) | $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 |
| Stock Option (right to buy) | $3.28 | 2028-04-05 | Common Stock, no par value (17500) | 17500 | Direct |
| Stock Option (right to buy) | $1.58 | 2028-09-12 | Common Stock, no par value (450000) | 450000 | 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 |
| Subordinated Convertible Promissory Note | $3 | 2025-05-16 | Common Stock, no par value () | Direct |
Footnotes
F1: 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).
F2: 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 $3.00 per share.
F3: Represents the principal amount of the convertible note and excludes interest that may accrue. Beginning January 1, 2024, the note accrues interest at a rate of 10.0% per annum, which is payable annually, in cash or common stock, at the holder's discretion. Prior to such date, the note accrued interest at a rate of 6.0% per annum.
F4: Options vest over 3.5 years as follows, subject to continued employment through the vesting date: 120,000 vested on September 12, 2023; 300,000 vest in six semi-annual installments of 50,000, beginning on March 12, 2024; and 30,000 vest on March 12, 2027.
F5: Includes 230,000 restricted stock units, which will vest as follows, subject to continued employment through the vesting date: 200,000 in four semi-annual installments of 50,000 beginning on March 12, 2025 and 30,000 on March 12, 2027.