Leonard J. Sokolow - Sep 12, 2025 Form 4 Insider Report for SKYX Platforms Corp. (SKYX)

Role
Co-Chief Executive Officer, Director
Signature
/s/ Leonard J. Sokolow
Stock symbol
SKYX
Transactions as of
Sep 12, 2025
Transactions value $
-$23,217
Form type
4
Date filed
9/12/2025, 06:46 PM
Previous filing
Mar 28, 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
SOKOLOW LEONARD J Co-Chief Executive Officer, Director C/O SKYX PLATFORMS CORP., 2855 W. MCNAB ROAD, POMPANO BEACH /s/ Leonard J. Sokolow 2025-09-12 0000923890

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SKYX Common Stock, no par value Tax liability -$23.2K -19.7K -2.74% $1.18 699K Sep 12, 2025 Direct F6, F7

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) 150K Sep 12, 2025 Common Stock, no par value 150K $0.60 Direct
holding SKYX Stock Option (right to buy) 150K Sep 12, 2025 Common Stock, no par value 150K $3.00 Direct
holding SKYX Stock Option (right to buy) 150K Sep 12, 2025 Common Stock, no par value 150K $4.00 Direct
holding SKYX Stock Option (right to buy) 100K Sep 12, 2025 Common Stock, no par value 100K $12.00 Direct
holding SKYX Stock Option (right to buy) 100K Sep 12, 2025 Common Stock, no par value 100K $12.00 Direct
holding SKYX Stock Option (right to buy) 17.5K Sep 12, 2025 Common Stock, no par value 17.5K $12.34 Direct
holding SKYX Stock Option (right to buy) 17.5K Sep 12, 2025 Common Stock, no par value 17.5K $3.28 Direct
holding SKYX Stock Option (right to buy) 450K Sep 12, 2025 Common Stock, no par value 450K $1.58 Direct F3
holding SKYX Stock Option (right to buy) 150K Sep 12, 2025 Common Stock, no par value 150K $1.26 Direct F4
holding SKYX Subordinated Convertible Promissory Note $250K Sep 12, 2025 Common Stock, no par value $250K $3.00 Direct F1, F2
holding SKYX Series A-1 Preferred Stock 10K Sep 12, 2025 Common Stock, no par value 208K Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The principal amount, plus any accrued and unpaid interest, is convertible into shares of common stock at the holder's discretion at the conversion price of $3.00 per share.
F2 Represents the principal amount of the convertible note and excludes interest that may accrue. Beginning January 1, 2024, the note accrues interest at a rate of 10.0% per annum, which is payable annually, in cash or common stock, at the holder's discretion. Prior to such date, the note accrued interest at a rate of 6.0% per annum.
F3 Options vest over 3.5 years as follows, subject to continued employment through the vesting date: 120,000 vested on September 12, 2023; 300,000 vest in six semi-annual installments of 50,000, beginning on March 12, 2024; and 30,000 vest on March 12, 2027.
F4 Options vest in three equal annual installments, beginning on March 27, 2025, the grant date, subject to continued employment through the vesting date.
F5 The Series A-1 Preferred Stock (the "Preferred Stock") has an original issue price of $25.00 per share and is convertible at any time, at the holder's option, into shares of the issuer's common stock at an adjusted conversion price of $1.20 per share (or approximately 20.83 shares of common stock for each share of Preferred Stock). Until October 4, 2026, the Preferred Stock is subject to mandatory conversion by the issuer upon the occurrence of certain specified events. In addition, the issuer may redeem the Preferred Stock for cash upon the occurrence of certain events or at any time beginning October 4, 2027. The Preferred Stock has no expiration date.
F6 The reporting person has elected to satisfy his tax withholding obligation in connection with the vesting of restricted stock units ("RSUs") by directing the issuer to withhold shares otherwise issuable upon vesting of the grant.
F7 Includes 130,000 RSUs, which will vest as follows, subject to continued employment through the vesting date: 100,000 in two semi-annual installments of 50,000 beginning on March 12, 2026 and 30,000 on March 12, 2027.