Thomas J. Ridge - 30 Jun 2022 Form 4 Insider Report for SKYX Platforms Corp. (SKYX)

Role
Director
Signature
/s/ Thomas J. Ridge
Issuer symbol
SKYX
Transactions as of
30 Jun 2022
Transactions value $
$7,500
Form type
4
Filing time
06 Jul 2022, 11:30:45 UTC
Previous filing
06 Apr 2022
Next filing
04 Oct 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 $7,500 +3,750 +0.48% $2 789,035 30 Jun 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) 166,667 30 Jun 2022 Common Stock, no par value 166,667 $3 Direct
holding SKYX Stock Option (right to buy) 166,667 30 Jun 2022 Common Stock, no par value 166,667 $4 Direct
holding SKYX Stock Option (right to buy) 166,666 30 Jun 2022 Common Stock, no par value 166,666 $5 Direct
holding SKYX Stock Option (right to buy) 25,000 30 Jun 2022 Common Stock, no par value 25,000 $3 Direct
holding SKYX Stock Option (right to buy) 25,000 30 Jun 2022 Common Stock, no par value 25,000 $3 Direct
holding SKYX Stock Option (right to buy) 25,000 30 Jun 2022 Common Stock, no par value 25,000 $12 Direct
holding SKYX Stock Option (right to buy) 25,000 30 Jun 2022 Common Stock, no par value 25,000 $12 Direct
holding SKYX Stock Option (right to buy) 25,000 30 Jun 2022 Common Stock, no par value 25,000 $12 Direct
holding SKYX Stock Option (right to buy) 5,000 30 Jun 2022 Common Stock, no par value 5,000 $12.34 Direct F2
holding SKYX Series A Convertible Preferred Stock 200,000 30 Jun 2022 Common Stock, no par value 200,000 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Series A Convertible Preferred Stock (the "Preferred Stock") is convertible into shares of common stock at any time, at the holder's election, on a one-for-one basis, and has no expiration date. The issuer may repurchase any or all of the Preferred Stock at any time, if certain conditions are met. Holders of the Preferred Stock may require the issuer to repurchase some or all of their shares of Preferred Stock.
F2 Options vest in twelve equal monthly installments, beginning on the last day of the month in which the options were granted.
F3 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.

Remarks:

Effective June 14, 2022, the issuer changed its legal name from SQL Technologies Corp. to SKYX Platforms Corp.