Dov Shiff - Mar 11, 2022 Form 4 Insider Report for SQL Technologies Corp. (SKYX)

Role
Director, 10%+ Owner
Signature
/s/ Dov Shiff
Stock symbol
SKYX
Transactions as of
Mar 11, 2022
Transactions value $
$0
Form type
4
Date filed
3/15/2022, 05:16 PM
Previous filing
Feb 16, 2022
Next filing
Apr 4, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SKYX Common Stock, no par value Award $0 +5K +0.13% $0.00 3.86M Mar 11, 2022 Direct F6
holding SKYX Common Stock, no par value 236K Mar 11, 2022 By Shiff Group Assets F2
holding SKYX Common Stock, no par value 10.8M Mar 11, 2022 By Shiff Group F1
holding SKYX Common Stock, no par value 40K Mar 11, 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
transaction SKYX Stock Option (right to buy) Award $0 +5K $0.00 5K Mar 11, 2022 Common Stock, no par value 5K $12.34 Direct F5
holding SKYX Stock Option (right to buy) 25K Mar 11, 2022 Common Stock, no par value 25K $3.00 Direct
holding SKYX Stock Option (right to buy) 25K Mar 11, 2022 Common Stock, no par value 25K $3.00 Direct
holding SKYX Stock Option (right to buy) 25K Mar 11, 2022 Common Stock, no par value 25K $12.00 Direct
holding SKYX Stock Option (right to buy) 25K Mar 11, 2022 Common Stock, no par value 25K $12.00 Direct
holding SKYX Stock Option (right to buy) 25K Mar 11, 2022 Common Stock, no par value 25K $12.00 Direct
holding SKYX 6.0% Subordinated Convertible Promissory Note $600K Mar 11, 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 securities are owned by Shiff Group Assets Ltd., of which the reporting person is a controlling person.
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.
F5 Options vest in twelve equal monthly installments, beginning on the last day of the month in which the options were granted. These options were granted pursuant to the non-employee director compensation program.
F6 Represents shares of restricted stock, which vested immediately upon grant and were granted pursuant to the non-employee director compensation program.