Dov Shiff - Feb 9, 2022 Form 3 Insider Report for SQL Technologies Corp. (SKYX)

Role
Director, 10%+ Owner
Signature
/s/ Dov Shiff
Stock symbol
SKYX
Transactions as of
Feb 9, 2022
Transactions value $
$0
Form type
3
Date filed
2/9/2022, 07:52 PM
Next filing
Feb 16, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding SKYX Common Stock, no par value 1.26M Feb 9, 2022 Direct
holding SKYX Common Stock, no par value 10.8M Feb 9, 2022 By Shiff Group F1
holding SKYX Common Stock, no par value 40K Feb 9, 2022 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) Feb 9, 2022 Common Stock, no par value 25K $3.00 Direct
holding SKYX Stock Option (right to buy) Feb 9, 2022 Common Stock, no par value 25K $3.00 Direct
holding SKYX Stock Option (right to buy) Feb 9, 2022 Common Stock, no par value 25K $12.00 Direct
holding SKYX Stock Option (right to buy) Feb 9, 2022 Common Stock, no par value 25K $12.00 Direct
holding SKYX Stock Option (right to buy) Feb 9, 2022 Common Stock, no par value 25K $12.00 Direct
holding SKYX Series A Convertible Preferred Stock Feb 9, 2022 Common Stock, no par value 2.6M By Shiff Group F1, F2
holding SKYX 6.0% Subordinated Convertible Promissory Note Feb 9, 2022 Common Stock, no par value $600K $15.00 By Shiff Group F1, F3, F4
* 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 The Series A Convertible Preferred Stock is convertible at any time, at the holder's election, on a one-for-one basis, and has no expiration date. In connection with the consummation of the issuer's initial public offering, Shiff Group Investments Ltd. has elected to convert all shares of Series A Convertible Preferred Stock held by it into shares of common stock.
F3 The principal amount, plus any accrued and unpaid interest, is convertible at any time on or prior to the maturity date at the holder's discretion at the conversion price of $15.00.
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.