John P. Campi - 16 May 2022 Form 4 Insider Report for SQL Technologies Corp. (SKYX)

Role
Chief Executive Officer
Signature
/s/ John P. Campi
Issuer symbol
SKYX
Transactions as of
16 May 2022
Transactions value $
$26,792
Form type
4
Filing time
17 May 2022, 09:16:44 UTC
Previous filing
14 Feb 2022
Next filing
13 Jun 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 Purchase $26.8K +5K +0.42% $5.36 1.19M 16 May 2022 Direct F3

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) 120K 16 May 2022 Common Stock, no par value 120K $6.00 Direct
holding SKYX 6.0% Subordinated Convertible Promissory Note $100K 16 May 2022 Common Stock, no par value $100K $15.00 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 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.
F3 The price reported represents a weighted average price. These shares were purchased in multiple transactions at prices ranging from $5.25 and $5.50 per share. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price.