Marc Andre Boisseau - 30 Jun 2022 Form 4 Insider Report for SKYX Platforms Corp. (SKYX)

Role
Chief Financial Officer
Signature
/s/ Marc Andre Boisseau
Issuer symbol
SKYX
Transactions as of
30 Jun 2022
Net transactions value
-$2,032
Form type
4
Filing time
05 Jul 2022, 17:28:43 UTC
Previous filing
04 Apr 2022
Next filing
04 Oct 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 Tax liability $2,032 -1,016 -11% $2.00 7,968 30 Jun 2022 Direct F2, 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) 10,000 30 Jun 2022 Common Stock, no par value 10,000 $12.34 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Options vest in four equal quarterly installments, beginning March 31, 2022, subject to continued employment through the vesting date.
F2 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.
F3 Includes 5,000 shares of restricted stock, which vest in two equal quarterly installments on September 30, 2022 and December 31, 2022, subject to continued employment through the vesting date.

Remarks:

Effective June 14, 2022, the issuer changed its legal name from SQL Technologies Corp. to SKYX Platforms Corp.