Dov Shiff - May 12, 2022 Form 4 Insider Report for SQL Technologies Corp. (SKYX)

Role: Director, 10%+ Owner
Signature: /s/ Dov Shiff
Stock symbol: SKYX
Transactions as of: May 12, 2022
Transactions value $: $51,630
Form type: 4
Date filed: 5/16/2022, 06:07 AM
Previous filing: Apr 4, 2022
Next filing: May 26, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SKYX	Common Stock, no par value	Purchase	$51.6K	+10.8K	+0.28%	$4.77	3.87M	May 12, 2022	Direct	F6
holding	SKYX	Common Stock, no par value						236K	May 12, 2022	By Shiff Group Assets	F2
holding	SKYX	Common Stock, no par value						10.8M	May 12, 2022	By Shiff Group	F1
holding	SKYX	Common Stock, no par value						40K	May 12, 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
holding	SKYX	Stock Option (right to buy)						25K	May 12, 2022	Common Stock, no par value	25K	$3.00	Direct
holding	SKYX	Stock Option (right to buy)						25K	May 12, 2022	Common Stock, no par value	25K	$3.00	Direct
holding	SKYX	Stock Option (right to buy)						25K	May 12, 2022	Common Stock, no par value	25K	$12.00	Direct
holding	SKYX	Stock Option (right to buy)						25K	May 12, 2022	Common Stock, no par value	25K	$12.00	Direct
holding	SKYX	Stock Option (right to buy)						25K	May 12, 2022	Common Stock, no par value	25K	$12.00	Direct
holding	SKYX	Stock Option (right to buy)						5K	May 12, 2022	Common Stock, no par value	5K	$12.34	Direct	F5
holding	SKYX	6.0% Subordinated Convertible Promissory Note						$600K	May 12, 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.
F6	The price reported represents a weighted average price. These shares were purchased in multiple transactions at prices ranging from $4.57 and $4.97 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.