Steven Mark Schmidt - 31 Mar 2025 Form 4 Insider Report for SKYX Platforms Corp. (SKYX)

Role
President
Signature
/s/ Marc-Andre Boisseau for Steven Mark Schmidt by Power of Attorney
Issuer symbol
SKYX
Transactions as of
31 Mar 2025
Transactions value $
-$6,876
Form type
4
Filing time
31 Mar 2025, 17:26:27 UTC
Previous filing
03 Jan 2025
Next filing
01 Jul 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 Tax liability -$6,876 -5,928 -1.18% $1.16 496,276 31 Mar 2025 Direct F1, F6

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) 100,000 31 Mar 2025 Common Stock, no par value 100,000 $12 Direct F2
holding SKYX Stock Option (right to buy) 250,000 31 Mar 2025 Common Stock, no par value 250,000 $0.9 Direct F3
holding SKYX Stock Option (right to buy) 100,000 31 Mar 2025 Common Stock, no par value 100,000 $1.09 Direct F4
holding SKYX Series A-1 Preferred Stock 20,000 31 Mar 2025 Common Stock, no par value 250,000 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reporting person has elected to satisfy his tax withholding obligations in connection with the vesting of restricted stock units ("RSUs") by directing the issuer to withhold shares otherwise issuable upon vesting of the grants.
F2 These options were granted on June 1, 2021 and vested in four equal annual installments of 25,000 shares beginning on the date of grant.
F3 These options vest as follows, subject to continued employment through the vesting date: 10,000 vested on December 20, 2024, and the remaining 240,000 vest in equal quarterly installments of 20,000 beginning December 31, 2024.
F4 These options vest in two equal annual installments, beginning on January 1, 2025, 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 initial conversion price of $2.00 per share (or 12.5 shares of common stock for each share of Preferred Stock), subject to adjustment provisions (including certain anti-dilution provisions) and a minimum conversion price of $1.20 per share. 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 Includes 250,000 RSUs, which vest as follows, subject to continued employment through the vesting date: (i) 200,000 vest in equal quarterly installments of 20,000 beginning June 30, 2025, and (ii) 50,000 vest on January 1, 2026.