Thomas J. Ridge - May 1, 2023 Form 4 Insider Report for SKYX Platforms Corp. (SKYX)

Role
Director
Signature
/s/ Thomas J. Ridge
Stock symbol
SKYX
Transactions as of
May 1, 2023
Transactions value $
$52,496
Form type
4
Date filed
1/3/2025, 04:15 PM
Previous filing
Apr 11, 2023
Next filing
Mar 28, 2025
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 Conversion of derivative security +200K +24.96% 1M May 1, 2023 Direct F1
transaction SKYX Common Stock, no par value Award $7.5K +2.81K +0.28% $2.67 1M Jun 30, 2023 Direct F2
transaction SKYX Common Stock, no par value Award $7.5K +5.28K +0.53% $1.42 1.01M Sep 30, 2023 Direct F2
transaction SKYX Common Stock, no par value Award $7.5K +4.46K +0.44% $1.68 1.01M Dec 31, 2023 Direct F2
transaction SKYX Common Stock, no par value Award $0 +5K +0.49% $0.00 1.02M Apr 4, 2024 Direct F4
transaction SKYX Common Stock, no par value Award $30K +25K +2.45% $1.20 1.04M Dec 31, 2024 Direct F2

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 Series A Convertible Preferred Stock Conversion of derivative security -200K -100% 0 May 1, 2023 Common Stock, no par value 200K Direct F1
transaction SKYX Stock Option (right to buy) Award $0 +5K $0.00 5K Apr 4, 2024 Common Stock, no par value 5K $1.09 Direct F3
holding SKYX Stock Option (right to buy) 167K May 1, 2023 Common Stock, no par value 167K $3.00 Direct
holding SKYX Stock Option (right to buy) 167K May 1, 2023 Common Stock, no par value 167K $4.00 Direct
holding SKYX Stock Option (right to buy) 167K May 1, 2023 Common Stock, no par value 167K $5.00 Direct
holding SKYX Stock Option (right to buy) 25K May 1, 2023 Common Stock, no par value 25K $12.00 Direct
holding SKYX Stock Option (right to buy) 25K May 1, 2023 Common Stock, no par value 25K $12.00 Direct
holding SKYX Stock Option (right to buy) 5K May 1, 2023 Common Stock, no par value 5K $12.34 Direct
holding SKYX Stock Option (right to buy) 5K May 1, 2023 Common Stock, no par value 5K $3.28 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reporting person elected to convert all shares of Series A Convertible Preferred Stock held into shares of common stock. The Series A Convertible Preferred Stock was convertible at any time, at the holder's election, on a one-for-one basis, and had no expiration date.
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.
F3 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.
F4 Represents shares of restricted stock, which vested immediately upon grant and were granted pursuant to the non-employee director compensation program.