LEONARD J. SOKOLOW - 05 Apr 2023 Form 4 Insider Report for SKYX Platforms Corp. (SKYX)

Role
Director
Signature
/s/ Leonard J. Sokolow
Issuer symbol
SKYX
Transactions as of
05 Apr 2023
Net transactions value
$0
Form type
4
Filing time
06 Apr 2023, 10:00:58 UTC
Previous filing
04 Apr 2023
Next filing
03 Jul 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 Award $0 +17,500 +4.9% $0.000000 376,217 05 Apr 2023 Direct F6, F8
holding SKYX Common Stock, no par value 3,600 05 Apr 2023 By Newbridge Securities Corporation F1

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
transaction SKYX Stock Option (right to buy) Award $0 +17,500 $0.000000 17,500 05 Apr 2023 Common Stock, no par value 17,500 $3.28 Direct F7
holding SKYX Stock Option (right to buy) 150,000 05 Apr 2023 Common Stock, no par value 150,000 $0.6000 Direct
holding SKYX Stock Option (right to buy) 150,000 05 Apr 2023 Common Stock, no par value 150,000 $3.00 Direct
holding SKYX Stock Option (right to buy) 150,000 05 Apr 2023 Common Stock, no par value 150,000 $4.00 Direct
holding SKYX Stock Option (right to buy) 100,000 05 Apr 2023 Common Stock, no par value 100,000 $3.00 Direct
holding SKYX Stock Option (right to buy) 100,000 05 Apr 2023 Common Stock, no par value 100,000 $12.00 Direct
holding SKYX Stock Option (right to buy) 100,000 05 Apr 2023 Common Stock, no par value 100,000 $12.00 Direct
holding SKYX Stock Option (right to buy) 100,000 05 Apr 2023 Common Stock, no par value 100,000 $12.00 Direct
holding SKYX Stock Option (right to buy) 17,500 05 Apr 2023 Common Stock, no par value 17,500 $12.34 Direct
holding SKYX Warrant (right to buy) 4,469 05 Apr 2023 Common Stock, no par value 4,469 $12.00 Direct F2
holding SKYX Warrant (right to buy) 1,088 05 Apr 2023 Common Stock, no par value 1,088 $9.80 Direct F3
holding SKYX Warrant (right to buy) 3,375 05 Apr 2023 Common Stock, no par value 3,375 $9.80 Direct F3
holding SKYX Warrant (right to buy) 19,827 05 Apr 2023 Common Stock, no par value 19,827 $9.80 Direct F3
holding SKYX Warrant (right to buy) 5,674 05 Apr 2023 Common Stock, no par value 5,674 $12.00 By Newbridge Securities Corporation F1, F2
holding SKYX Warrant (right to buy) 725 05 Apr 2023 Common Stock, no par value 725 $9.80 By Newbridge Securities Corporation F1, F3
holding SKYX Warrant (right to buy) 2,250 05 Apr 2023 Common Stock, no par value 2,250 $9.80 By Newbridge Securities Corporation F1, F3
holding SKYX Warrant (right to buy) 13,216 05 Apr 2023 Common Stock, no par value 13,216 $9.80 By Newbridge Securities Corporation F1, F3
holding SKYX 6.0% Subordinated Convertible Promissory Note $250,000 05 Apr 2023 Common Stock, no par value $250,000 $15.00 Direct F4, F5
* 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 Newbridge Securities Corporation. The reporting person is the Chief Executive Officer and President of Newbridge Financial, Inc. and Chairman of Newbridge Securities Corporation, its broker dealer subsidiary.
F2 Exercisable at any time on or prior to the expiration date at the holder's discretion at the initial exercise price of $12.00 per share, subject to adjustment provisions (including certain anti-dilution provisions).
F3 Exercisable at any time on or prior to the expiration date at the holder's discretion at the adjusted exercise price of $9.80 per share, subject to adjustment provisions (including certain anti-dilution provisions).
F4 The principal amount, plus any accrued and unpaid interest, is convertible into shares of common stock at any time on or prior to the maturity date at the holder's discretion at the conversion price of $15.00 per share.
F5 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.
F6 Includes 30,250 restricted shares granted in consideration for services to be provided to the issuer pursuant to a corporate advisory agreement between the issuer and Newbridge Securities Corporation dated November 9, 2022. The restricted shares vest on the following schedule: one quarter of the shares on each of November 9, 2022 and the six-, 12- and 18-month anniversaries of such date. If the agreement is terminated prior to its expiration, any shares that have not vested as of such date will be forfeited.
F7 Options vest in twelve equal monthly installments, beginning on the last day of the month in which the options were granted. These options were granted pursuant to the non-employee director compensation program.
F8 Represents shares of restricted stock, which vested immediately upon grant and were granted pursuant to the non-employee director compensation program.