Dov Shiff - 04 Apr 2024 Form 4 Insider Report for SKYX Platforms Corp. (SKYX)

Signature
/s/ Dov Shiff
Issuer symbol
SKYX
Transactions as of
04 Apr 2024
Net transactions value
$0
Form type
4
Filing time
10 Apr 2024, 08:32:15 UTC
Previous filing
03 Jan 2024
Next filing
03 Jan 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SKYX Common Stock, no par value Award $0 +5,000 +0.34% $0.000000 1,463,529 04 Apr 2024 Direct F7
holding SKYX Common Stock, no par value 13,274,618 04 Apr 2024 By DZDLUX s.a.r.l. F2
holding SKYX Common Stock, no par value 235,712 04 Apr 2024 By Shiff Group Assets F3
holding SKYX Common Stock, no par value 40,000 04 Apr 2024 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
transaction SKYX Stock Option (right to buy) Award $0 +5,000 $0.000000 5,000 04 Apr 2024 Common Stock, no par value 5,000 $1.09 Direct F6
holding SKYX Stock Option (right to buy) 25,000 04 Apr 2024 Common Stock, no par value 25,000 $12.00 Direct
holding SKYX Stock Option (right to buy) 25,000 04 Apr 2024 Common Stock, no par value 25,000 $12.00 Direct
holding SKYX Stock Option (right to buy) 25,000 04 Apr 2024 Common Stock, no par value 25,000 $12.00 Direct
holding SKYX Stock Option (right to buy) 5,000 04 Apr 2024 Common Stock, no par value 5,000 $12.34 Direct
holding SKYX Stock Option (right to buy) 5,000 04 Apr 2024 Common Stock, no par value 5,000 $3.28 Direct
holding SKYX 6.0% Subordinated Convertible Promissory Note $600,000 04 Apr 2024 Common Stock, no par value $600,000 $15.00 By Shiff Group F1, 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 Shiff Group Investments Ltd., of which the reporting person is an owner and the President and Chief Executive Officer.
F2 These securities are owned by DZDLUX s.a.r.l., of which the reporting person is a controlling person.
F3 These securities are owned by Shiff Group Assets Ltd., of which the reporting person is a controlling person.
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 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.
F7 Represents shares of restricted stock, which vested immediately upon grant and were granted pursuant to the non-employee director compensation program.