Steven Mark Schmidt - Jun 1, 2022 Form 4 Insider Report for SQL Technologies Corp. (SKYX)

Role: President
Signature: /s/ Steven Mark Schmidt
Stock symbol: SKYX
Transactions as of: Jun 1, 2022
Transactions value $: -$33,866
Form type: 4
Date filed: 6/3/2022, 06:11 AM
Previous filing: May 16, 2022
Next filing: Jun 5, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SKYX	Common Stock, no par value	Tax liability	-$33.9K	-8.91K	-6.08%	$3.80	138K	Jun 1, 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)						60K	Jun 1, 2022	Common Stock, no par value	60K	$0.10	Direct	F2
holding	SKYX	Stock Option (right to buy)						60K	Jun 1, 2022	Common Stock, no par value	60K	$6.00	Direct	F2
holding	SKYX	Stock Option (right to buy)						100K	Jun 1, 2022	Common Stock, no par value	100K	$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 50,000 shares of restricted stock that will vest in two equal annual installments on each of June 1, 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 reporting person has elected to satisfy his tax withholding obligation in connection with the vesting of a prior restricted stock grant by directing the issuer to withhold shares otherwise issuable upon vesting of the previously reported grant.