Dov Shiff - 31 Mar 2022 Form 4 Insider Report for SQL Technologies Corp. (SKYX)

Role
Director, 10%+ Owner
Signature
/s/ Dov Shiff
Issuer symbol
SKYX
Transactions as of
31 Mar 2022
Transactions value $
$3,662
Form type
4
Filing time
04 Apr 2022, 20:42:11 UTC
Previous filing
15 Mar 2022
Next filing
16 May 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SKYX Common Stock, no par value Award $3,662 +285 +0.01% $12.85* 3,860,285 31 Mar 2022 Direct F6
holding SKYX Common Stock, no par value 235,712 31 Mar 2022 By Shiff Group Assets F2
holding SKYX Common Stock, no par value 10,779,618 31 Mar 2022 By Shiff Group F1
holding SKYX Common Stock, no par value 40,000 31 Mar 2022 By Spouse

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding SKYX Stock Option (right to buy) 25,000 31 Mar 2022 Common Stock, no par value 25,000 $3 Direct
holding SKYX Stock Option (right to buy) 25,000 31 Mar 2022 Common Stock, no par value 25,000 $3 Direct
holding SKYX Stock Option (right to buy) 25,000 31 Mar 2022 Common Stock, no par value 25,000 $12 Direct
holding SKYX Stock Option (right to buy) 25,000 31 Mar 2022 Common Stock, no par value 25,000 $12 Direct
holding SKYX Stock Option (right to buy) 25,000 31 Mar 2022 Common Stock, no par value 25,000 $12 Direct
holding SKYX Stock Option (right to buy) 5,000 31 Mar 2022 Common Stock, no par value 5,000 $12.34 Direct F5
holding SKYX 6.0% Subordinated Convertible Promissory Note $600,000 31 Mar 2022 Common Stock, no par value $600,000 $15 By Shiff Group F1, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These securities are owned by Shiff Group Investments Ltd., of which the reporting person is an owner and the President and Chief Executive Officer.
F2 The securities are owned by Shiff Group Assets Ltd., of which the reporting person is a controlling person.
F3 The principal amount, plus any accrued and unpaid interest, is convertible at any time on or prior to the maturity date at the holder's discretion at the conversion price of $15.00.
F4 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.
F5 Options vest in twelve equal monthly installments, beginning on the last day of the month in which the options were granted.
F6 The reporting person has elected to receive shares of the issuer's common stock in lieu of the cash retainer payable for service on the issuer's board of directors, pursuant to the non-employee director compensation program.