Steven Mark Schmidt - 12 May 2022 Form 4 Insider Report for SQL Technologies Corp. (SKYX)

Role
President
Signature
/s/ Steven Mark Schmidt
Issuer symbol
SKYX
Transactions as of
12 May 2022
Net transactions value
+$21,900
Form type
4
Filing time
16 May 2022, 06:03:02 UTC
Previous filing
09 Feb 2022
Next filing
03 Jun 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 Purchase $21,900 +5,000 +3.5% $4.38 146,667 12 May 2022 Direct F1, F4

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) 60,000 12 May 2022 Common Stock, no par value 60,000 $0.1000 Direct F2
holding SKYX Stock Option (right to buy) 60,000 12 May 2022 Common Stock, no par value 60,000 $6.00 Direct F2
holding SKYX Stock Option (right to buy) 100,000 12 May 2022 Common Stock, no par value 100,000 $12.00 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 75,000 shares of restricted stock that will vest in three equal annual installments on each of June 1, 2022, 2023 and 2024, subject to continued employment.
F2 These options were granted on October 1, 2019 and vest in three equal annual installments of 20,000 shares beginning on the first anniversary of the date of grant. Options are subject to continued service through the applicable vesting date.
F3 These options were granted on June 1, 2021 and vest in four equal annual installments of 25,000 shares beginning on the date of grant. Options are subject to continued service through the applicable vesting date.
F4 The price reported represents a weighted average price. These shares were purchased in multiple transactions at prices ranging from $4.25 and $4.44 per share. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price.

Remarks:

Power of Attorney is attached hereto as Exhibit 24.