Leonard J. Sokolow - 31 Mar 2022 Form 4 Insider Report for SQL Technologies Corp. (SKYX)

Role
Director
Signature
/s/ Leonard J. Sokolow
Issuer symbol
SKYX
Transactions as of
31 Mar 2022
Net transactions value
+$3,662
Form type
4
Filing time
04 Apr 2022, 16:25:36 UTC
Previous filing
14 Mar 2022
Next filing
05 Jul 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 Award $3,662 +285 +0.09% $12.85* 327,452 31 Mar 2022 Direct F8
holding SKYX Common Stock, no par value 317,656 31 Mar 2022 By Bridge Line Ventures F2
holding SKYX Common Stock, no par value 3,600 31 Mar 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 31 Mar 2022 Common Stock, no par value 150,000 $0.6000 Direct
holding SKYX Stock Option (right to buy) 150,000 31 Mar 2022 Common Stock, no par value 150,000 $3.00 Direct
holding SKYX Stock Option (right to buy) 150,000 31 Mar 2022 Common Stock, no par value 150,000 $4.00 Direct
holding SKYX Stock Option (right to buy) 100,000 31 Mar 2022 Common Stock, no par value 100,000 $3.00 Direct
holding SKYX Stock Option (right to buy) 100,000 31 Mar 2022 Common Stock, no par value 100,000 $3.00 Direct
holding SKYX Stock Option (right to buy) 100,000 31 Mar 2022 Common Stock, no par value 100,000 $12.00 Direct
holding SKYX Stock Option (right to buy) 100,000 31 Mar 2022 Common Stock, no par value 100,000 $12.00 Direct
holding SKYX Stock Option (right to buy) 100,000 31 Mar 2022 Common Stock, no par value 100,000 $12.00 Direct
holding SKYX Stock Option (right to buy) 17,500 31 Mar 2022 Common Stock, no par value 17,500 $12.34 Direct F7
holding SKYX Warrant (right to buy) 4,469 31 Mar 2022 Common Stock, no par value 4,469 $12.00 Direct F3
holding SKYX Warrant (right to buy) 1,088 31 Mar 2022 Common Stock, no par value 1,088 $9.80 Direct F4
holding SKYX Warrant (right to buy) 3,375 31 Mar 2022 Common Stock, no par value 3,375 $9.80 Direct F4
holding SKYX Warrant (right to buy) 19,827 31 Mar 2022 Common Stock, no par value 19,827 $9.80 Direct F4
holding SKYX Warrant (right to buy) 5,674 31 Mar 2022 Common Stock, no par value 5,674 $12.00 By Newbridge Securities Corporation F1, F3
holding SKYX Warrant (right to buy) 725 31 Mar 2022 Common Stock, no par value 725 $9.80 By Newbridge Securities Corporation F1, F4
holding SKYX Warrant (right to buy) 2,250 31 Mar 2022 Common Stock, no par value 2,250 $9.80 By Newbridge Securities Corporation F1, F4
holding SKYX Warrant (right to buy) 13,216 31 Mar 2022 Common Stock, no par value 13,216 $9.80 By Newbridge Securities Corporation F1, F4
holding SKYX Warrant (right to buy) 214,957 31 Mar 2022 Common Stock, no par value 214,957 $9.80 By Bridge Line Ventures F2, F4
holding SKYX Warrant (right to buy) 16,667 31 Mar 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 31 Mar 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).
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.
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 Options vest in twelve equal monthly installments, beginning on the last day of the month in which the options were granted.
F8 The reporting person has elected to receive shares of the issuer's common stock in lieu of the cash retainer payable for service on the issuer's board of directors, pursuant to the non-employee director compensation program.