Thomas J. Ridge - Mar 31, 2022 Form 4 Insider Report for SQL Technologies Corp. (SKYX)

Role: Director
Signature: /s/ Thomas J. Ridge
Stock symbol: SKYX
Transactions as of: Mar 31, 2022
Transactions value $: $3,662
Form type: 4
Date filed: 4/6/2022, 07:13 PM
Previous filing: Mar 16, 2022
Next filing: Jul 6, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SKYX	Common Stock, no par value	Award	$3.66K	+285	+0.04%	$12.85	785K	Mar 31, 2022	Direct	F3

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)						167K	Mar 31, 2022	Common Stock, no par value	167K	$3.00	Direct
holding	SKYX	Stock Option (right to buy)						167K	Mar 31, 2022	Common Stock, no par value	167K	$4.00	Direct
holding	SKYX	Stock Option (right to buy)						167K	Mar 31, 2022	Common Stock, no par value	167K	$5.00	Direct
holding	SKYX	Stock Option (right to buy)						25K	Mar 31, 2022	Common Stock, no par value	25K	$3.00	Direct
holding	SKYX	Stock Option (right to buy)						25K	Mar 31, 2022	Common Stock, no par value	25K	$3.00	Direct
holding	SKYX	Stock Option (right to buy)						25K	Mar 31, 2022	Common Stock, no par value	25K	$12.00	Direct
holding	SKYX	Stock Option (right to buy)						25K	Mar 31, 2022	Common Stock, no par value	25K	$12.00	Direct
holding	SKYX	Stock Option (right to buy)						25K	Mar 31, 2022	Common Stock, no par value	25K	$12.00	Direct
holding	SKYX	Stock Option (right to buy)						5K	Mar 31, 2022	Common Stock, no par value	5K	$12.34	Direct	F2
holding	SKYX	Series A Convertible Preferred Stock						200K	Mar 31, 2022	Common Stock, no par value	200K		Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The Series A Convertible Preferred Stock (the "Preferred Stock") is convertible at any time, at the holder's election, on a one-for-one basis, and has no expiration date. The issuer may repurchase any or all of the Preferred Stock at any time, if certain conditions are met. Holders of the Preferred Stock may require the issuer to repurchase some or all of their shares of Preferred Stock.
F2	Options vest in twelve equal monthly installments, beginning on the last day of the month in which the options were granted.
F3	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.