SKYX Platforms Corp. — Director's Dealing 2025

Mar 14, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SKYX Platforms Corp. (SKYX)
CIK: 0001598981
Period of Report: 2025-03-12

Reporting Person: SOKOLOW LEONARD J (Director, Co-Chief Executive Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-03-12	Common Stock, no par value	F	22325	$1.24	Disposed	718895	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	2025-12-31	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
Subordinated Convertible Promissory Note	$3	2025-05-16	Common Stock, no par value ()		Direct
Series A-1 Preferred Stock	$		Common Stock, no par value (125000)	10000	Direct

Footnotes

F1: 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.

F2: 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.

F3: 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.

F4: 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.

F5: Includes 180,000 restricted stock units ("RSUs"), which will vest as follows, subject to continued employment through the vesting date: 150,000 in three semi-annual installments of 50,000 beginning on September 12, 2025 and 30,000 on March 12, 2027.

F6: The reporting person has elected to satisfy his tax withholding obligation in connection with the vesting of RSUs by directing the issuer to withhold shares otherwise issuable upon vesting of the grant.