Steven Mark Schmidt - 01 Jun 2022 Form 4 Insider Report for SQL Technologies Corp. (SKYX)

Role
President
Signature
/s/ Steven Mark Schmidt
Issuer symbol
SKYX
Transactions as of
01 Jun 2022
Transactions value $
-$33,866
Form type
4
Filing time
03 Jun 2022, 06:11:05 UTC
Previous filing
16 May 2022
Next filing
05 Jun 2023
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 Tax liability -$33.9K -8.91K -6.08% $3.80 138K 01 Jun 2022 Direct F1, F4

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) 60K 01 Jun 2022 Common Stock, no par value 60K $0.10 Direct F2
holding SKYX Stock Option (right to buy) 60K 01 Jun 2022 Common Stock, no par value 60K $6.00 Direct F2
holding SKYX Stock Option (right to buy) 100K 01 Jun 2022 Common Stock, no par value 100K $12.00 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 50,000 shares of restricted stock that will vest in two equal annual installments on each of June 1, 2023 and 2024, subject to continued employment.
F2 These options were granted on October 1, 2019 and vest in three equal annual installments of 20,000 shares beginning on the first anniversary of the date of grant. Options are subject to continued service through the applicable vesting date.
F3 These options were granted on June 1, 2021 and vest in four equal annual installments of 25,000 shares beginning on the date of grant. Options are subject to continued service through the applicable vesting date.
F4 The reporting person has elected to satisfy his tax withholding obligation in connection with the vesting of a prior restricted stock grant by directing the issuer to withhold shares otherwise issuable upon vesting of the previously reported grant.