SKYX Platforms Corp. — Director's Dealing 2025

Jan 3, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SKYX Platforms Corp. (SKYX)
CIK: 0001598981
Period of Report: 2024-12-31

Reporting Person: Schmidt Steven Mark (President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2024-12-31	Common Stock, no par value	F	5928	$1.20	Disposed	517029	Direct
2025-01-01	Common Stock, no par value	F	14825	$1.16	Disposed	502204	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
Stock Option (right to buy)	$0.9	2029-09-15	Common Stock, no par value (250000)	250000	Direct
Stock Option (right to buy)	$1.09	2029-12-15	Common Stock, no par value (100000)	100000	Direct
Series A-1 Preferred Stock	$		Common Stock, no par value (250000)	20000	Direct

Footnotes

F1: The reporting person has elected to satisfy his tax withholding obligations in connection with the vesting of restricted stock units ("RSUs") by directing the issuer to withhold shares otherwise issuable upon vesting of the grants.

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.

F3: These options vest as follows, subject to continued employment through the vesting date: 10,000 vested on December 20, 2024, and the remaining 240,000 vest in equal quarterly installments of 20,000 beginning December 31, 2024.

F4: These options vest in two equal annual installments, beginning on January 1, 2025, subject to continued employment through the vesting date.

F5: 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.

F6: Includes 270,000 RSUs, which vest as follows, subject to continued employment through the vesting date: (i) 220,000 vest in equal quarterly installments of 20,000 beginning March 31, 2025, and (ii) 50,000 vest on January 1, 2026.