Dov Shiff - 09 Feb 2022 Form 3 Insider Report for SQL Technologies Corp. (SKYX)

Role: Director, 10%+ Owner
Signature: /s/ Dov Shiff
Issuer symbol: SKYX
Transactions as of: 09 Feb 2022
Net transactions value: $0
Form type: 3
Filing time: 09 Feb 2022, 19:52:38 UTC
Next filing: 16 Feb 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	SKYX	Common Stock, no par value						1,255,000	09 Feb 2022	Direct
holding	SKYX	Common Stock, no par value						10,779,618	09 Feb 2022	By Shiff Group	F1
holding	SKYX	Common Stock, no par value						40,000	09 Feb 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)							09 Feb 2022	Common Stock, no par value	25,000	$3.00	Direct
holding	SKYX	Stock Option (right to buy)							09 Feb 2022	Common Stock, no par value	25,000	$3.00	Direct
holding	SKYX	Stock Option (right to buy)							09 Feb 2022	Common Stock, no par value	25,000	$12.00	Direct
holding	SKYX	Stock Option (right to buy)							09 Feb 2022	Common Stock, no par value	25,000	$12.00	Direct
holding	SKYX	Stock Option (right to buy)							09 Feb 2022	Common Stock, no par value	25,000	$12.00	Direct
holding	SKYX	Series A Convertible Preferred Stock							09 Feb 2022	Common Stock, no par value	2,600,000		By Shiff Group	F1, F2
holding	SKYX	6.0% Subordinated Convertible Promissory Note							09 Feb 2022	Common Stock, no par value	$600,000	$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.