Thomas J. Ridge - 31 Mar 2023 Form 4 Insider Report for SKYX Platforms Corp. (SKYX)

Role: Director
Signature: /s/ Thomas J. Ridge
Issuer symbol: SKYX
Transactions as of: 31 Mar 2023
Transactions value $: $7,500
Form type: 4
Filing time: 11 Apr 2023, 17:41:47 UTC
Previous filing: 04 Jan 2023
Next filing: 11 Apr 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	$7,500	+2,174	+0.27%	$3.45	796,217	31 Mar 2023	Direct	F2

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

Type	Sym	Class	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
holding	SKYX	Stock Option (right to buy)	166,667	31 Mar 2023	Common Stock, no par value	166,667	$3.00	Direct
holding	SKYX	Stock Option (right to buy)	166,667	31 Mar 2023	Common Stock, no par value	166,667	$4.00	Direct
holding	SKYX	Stock Option (right to buy)	166,666	31 Mar 2023	Common Stock, no par value	166,666	$5.00	Direct
holding	SKYX	Stock Option (right to buy)	25,000	31 Mar 2023	Common Stock, no par value	25,000	$3.00	Direct
holding	SKYX	Stock Option (right to buy)	25,000	31 Mar 2023	Common Stock, no par value	25,000	$12.00	Direct
holding	SKYX	Stock Option (right to buy)	25,000	31 Mar 2023	Common Stock, no par value	25,000	$12.00	Direct
holding	SKYX	Stock Option (right to buy)	25,000	31 Mar 2023	Common Stock, no par value	25,000	$12.00	Direct
holding	SKYX	Stock Option (right to buy)	5,000	31 Mar 2023	Common Stock, no par value	5,000	$12.34	Direct
holding	SKYX	Series A Convertible Preferred Stock	200,000	31 Mar 2023	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	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.

Content

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.

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.