Leonard J. Sokolow - 14 Feb 2022 Form 4 Insider Report for SQL Technologies Corp. (SKYX)

Role
Director
Signature
/s/ Leonard J. Sokolow
Issuer symbol
SKYX
Transactions as of
14 Feb 2022
Net transactions value
$0
Form type
4
Filing time
14 Feb 2022, 14:08:41 UTC
Previous filing
09 Feb 2022
Next filing
14 Mar 2022
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 Other +86,032 +37% 317,656 14 Feb 2022 By Bridge Line Ventures F2, F7
holding SKYX Common Stock, no par value 309,667 14 Feb 2022 Direct
holding SKYX Common Stock, no par value 3,600 14 Feb 2022 By Newbridge Securities Corporation F1

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) 150,000 14 Feb 2022 Common Stock, no par value 150,000 $0.6000 Direct
holding SKYX Stock Option (right to buy) 150,000 14 Feb 2022 Common Stock, no par value 150,000 $3.00 Direct
holding SKYX Stock Option (right to buy) 150,000 14 Feb 2022 Common Stock, no par value 150,000 $4.00 Direct
holding SKYX Stock Option (right to buy) 100,000 14 Feb 2022 Common Stock, no par value 100,000 $3.00 Direct
holding SKYX Stock Option (right to buy) 100,000 14 Feb 2022 Common Stock, no par value 100,000 $3.00 Direct
holding SKYX Stock Option (right to buy) 100,000 14 Feb 2022 Common Stock, no par value 100,000 $12.00 Direct
holding SKYX Stock Option (right to buy) 100,000 14 Feb 2022 Common Stock, no par value 100,000 $12.00 Direct
holding SKYX Stock Option (right to buy) 100,000 14 Feb 2022 Common Stock, no par value 100,000 $12.00 Direct
holding SKYX Warrant (right to buy) 4,469 14 Feb 2022 Common Stock, no par value 4,469 $12.00 Direct F3
holding SKYX Warrant (right to buy) 1,088 14 Feb 2022 Common Stock, no par value 1,088 $12.00 Direct F3
holding SKYX Warrant (right to buy) 3,375 14 Feb 2022 Common Stock, no par value 3,375 $12.00 Direct F3
holding SKYX Warrant (right to buy) 19,827 14 Feb 2022 Common Stock, no par value 19,827 $12.00 Direct F3
holding SKYX Warrant (right to buy) 5,674 14 Feb 2022 Common Stock, no par value 5,674 $12.00 By Newbridge Securities Corporation F1, F3
holding SKYX Warrant (right to buy) 725 14 Feb 2022 Common Stock, no par value 725 $12.00 By Newbridge Securities Corporation F1, F3
holding SKYX Warrant (right to buy) 2,250 14 Feb 2022 Common Stock, no par value 2,250 $12.00 By Newbridge Securities Corporation F1, F3
holding SKYX Warrant (right to buy) 13,216 14 Feb 2022 Common Stock, no par value 13,216 $12.00 By Newbridge Securities Corporation F1, F3
holding SKYX Warrant (right to buy) 214,957 14 Feb 2022 Common Stock, no par value 214,957 $9.80 By Bridge Line Ventures F2, F4
holding SKYX Warrant (right to buy) 16,667 14 Feb 2022 Common Stock, no par value 16,667 $9.80 By Bridge Line Ventures F2, F4
holding SKYX 6.0% Subordinated Convertible Promissory Note $250,000 14 Feb 2022 Common Stock, no par value $250,000 $15.00 Direct F5, F6
* 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 Newbridge Securities Corporation. The reporting person is the Chief Executive Officer and President of Newbridge Financial, Inc. and Chairman of Newbridge Securities Corporation, its broker dealer subsidiary.
F2 These securities are owned by Bridge Line Ventures, LLC Series ST-1 ("Bridge Line Ventures"). The reporting person is the Chief Executive Officer and President of Bridge Line Advisors, LLC, the manager of Bridge Line Ventures.
F3 Exercisable at any time on or prior to the expiration date at the holder's discretion at the initial exercise price of $12.00, subject to adjustment provisions (including certain anti-dilution provisions).
F4 Exercisable at any time on or prior to the expiration date at the holder's discretion at the adjusted exercise price of $9.80, subject to adjustment provisions (including certain anti-dilution provisions). The initial exercise price of $12.00 per share was automatically adjusted pursuant to applicable anti-dilution provisions in connection with the completion of the issuer's initial public offering.
F5 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. This note was inadvertently omitted from the reporting person's Form 3.
F6 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.
F7 The shares were issued pursuant to anti-dilution provisions set forth in the terms of the stock purchase agreements entered into between the issuer and Bridge Line Ventures between February 2021 and August 2021.

Remarks:

Power of Attorney is attached hereto as Exhibit 24.