Leonard J. Sokolow - Sep 12, 2022 Form 4 Insider Report for SKYX Platforms Corp. (SKYX)

Role
Director
Signature
/s/ Leonard J. Sokolow
Stock symbol
SKYX
Transactions as of
Sep 12, 2022
Transactions value $
$0
Form type
4
Date filed
9/13/2022, 09:20 AM
Previous filing
Jul 18, 2022
Next filing
Oct 4, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SKYX Common Stock, no par value Other -318K -100% 0 Sep 12, 2022 By Bridge Line Ventures F2, F8
holding SKYX Common Stock, no par value 331K Sep 12, 2022 Direct
holding SKYX Common Stock, no par value 3.6K Sep 12, 2022 By Newbridge Securities Corporation F1

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
transaction SKYX Warrant (right to buy) Other -215K -100% 0 Sep 12, 2022 Common Stock, no par value 215K $9.80 By Bridge Line Ventures F2, F4, F8
transaction SKYX Warrant (right to buy) Other -16.7K -100% 0 Sep 12, 2022 Common Stock, no par value 16.7K $9.80 By Bridge Line Ventures F2, F4, F8
holding SKYX Stock Option (right to buy) 150K Sep 12, 2022 Common Stock, no par value 150K $0.60 Direct
holding SKYX Stock Option (right to buy) 150K Sep 12, 2022 Common Stock, no par value 150K $3.00 Direct
holding SKYX Stock Option (right to buy) 150K Sep 12, 2022 Common Stock, no par value 150K $4.00 Direct
holding SKYX Stock Option (right to buy) 100K Sep 12, 2022 Common Stock, no par value 100K $3.00 Direct
holding SKYX Stock Option (right to buy) 100K Sep 12, 2022 Common Stock, no par value 100K $3.00 Direct
holding SKYX Stock Option (right to buy) 100K Sep 12, 2022 Common Stock, no par value 100K $12.00 Direct
holding SKYX Stock Option (right to buy) 100K Sep 12, 2022 Common Stock, no par value 100K $12.00 Direct
holding SKYX Stock Option (right to buy) 100K Sep 12, 2022 Common Stock, no par value 100K $12.00 Direct
holding SKYX Stock Option (right to buy) 17.5K Sep 12, 2022 Common Stock, no par value 17.5K $12.34 Direct F7
holding SKYX Warrant (right to buy) 4.47K Sep 12, 2022 Common Stock, no par value 4.47K $12.00 Direct F3
holding SKYX Warrant (right to buy) 1.09K Sep 12, 2022 Common Stock, no par value 1.09K $9.80 Direct F4
holding SKYX Warrant (right to buy) 3.38K Sep 12, 2022 Common Stock, no par value 3.38K $9.80 Direct F4
holding SKYX Warrant (right to buy) 19.8K Sep 12, 2022 Common Stock, no par value 19.8K $9.80 Direct F4
holding SKYX Warrant (right to buy) 5.67K Sep 12, 2022 Common Stock, no par value 5.67K $12.00 By Newbridge Securities Corporation F1, F3
holding SKYX Warrant (right to buy) 725 Sep 12, 2022 Common Stock, no par value 725 $9.80 By Newbridge Securities Corporation F1, F4
holding SKYX Warrant (right to buy) 2.25K Sep 12, 2022 Common Stock, no par value 2.25K $9.80 By Newbridge Securities Corporation F1, F4
holding SKYX Warrant (right to buy) 13.2K Sep 12, 2022 Common Stock, no par value 13.2K $9.80 By Newbridge Securities Corporation F1, F4
holding SKYX 6.0% Subordinated Convertible Promissory Note $250K Sep 12, 2022 Common Stock, no par value $250K $15.00 Direct F5, F6
* 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 Newbridge Securities Corporation. The reporting person is the Chief Executive Officer and President of Newbridge Financial, Inc. and Chairman of Newbridge Securities Corporation, its broker dealer subsidiary.
F2 These securities are owned by Bridge Line Ventures, LLC Series ST-1 ("Bridge Line Ventures"). The reporting person is the Chief Executive Officer and President of Bridge Line Advisors, LLC, the manager of Bridge Line Ventures.
F3 Exercisable at any time on or prior to the expiration date at the holder's discretion at the initial exercise price of $12.00 per share, subject to adjustment provisions (including certain anti-dilution provisions).
F4 Exercisable at any time on or prior to the expiration date at the holder's discretion at the adjusted exercise price of $9.80 per share, subject to adjustment provisions (including certain anti-dilution provisions).
F5 The principal amount, plus any accrued and unpaid interest, is convertible into shares of common stock at any time on or prior to the maturity date at the holder's discretion at the conversion price of $15.00 per share.
F6 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.
F7 Options vest in twelve equal monthly installments, beginning on the last day of the month in which the options were granted.
F8 Bridge Line Ventures distributed 317,656 shares of the issuer's common stock and warrants to purchase an aggregate of 231,624 shares of the issuer's common stock to its investors, pursuant to a pro rata distribution for no consideration. The reported transaction is exempt from Section 16.