Dov Shiff - 30 Sep 2023 Form 4 Insider Report for SKYX Platforms Corp. (SKYX)

Role
Director, 10%+ Owner
Signature
/s/ Dov Shiff
Issuer symbol
SKYX
Transactions as of
30 Sep 2023
Transactions value $
$7,499
Form type
4
Filing time
10 Oct 2023, 16:15:39 UTC
Previous filing
07 Jul 2023
Next filing
03 Jan 2024
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 $7,499 +5,281 +0.04% $1.42 14,964,395 30 Sep 2023 Direct F1, F6
holding SKYX Common Stock, no par value 40,000 30 Sep 2023 By Spouse

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) 25,000 30 Sep 2023 Common Stock, no par value 25,000 $3 Direct
holding SKYX Stock Option (right to buy) 25,000 30 Sep 2023 Common Stock, no par value 25,000 $12 Direct
holding SKYX Stock Option (right to buy) 25,000 30 Sep 2023 Common Stock, no par value 25,000 $12 Direct
holding SKYX Stock Option (right to buy) 25,000 30 Sep 2023 Common Stock, no par value 25,000 $12 Direct
holding SKYX Stock Option (right to buy) 5,000 30 Sep 2023 Common Stock, no par value 5,000 $12.34 Direct
holding SKYX Stock Option (right to buy) 5,000 30 Sep 2023 Common Stock, no par value 5,000 $3.28 Direct F5
holding SKYX 6.0% Subordinated Convertible Promissory Note $600,000 30 Sep 2023 Common Stock, no par value $600,000 $15 By Shiff Group F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reporting person transferred shares of common stock from entities controlled by the reporting person to the reporting person directly.
F2 These securities are owned by Shiff Group Investments Ltd., of which the reporting person is an owner and the President and Chief Executive Officer.
F3 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.
F4 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.
F5 Options vest in twelve equal monthly installments, beginning on the last day of the month in which the options were granted.
F6 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.