Leonard J. Sokolow - Nov 9, 2022 Form 4 Insider Report for SKYX Platforms Corp. (SKYX)

Role
Director
Signature
/s/ Leonard J. Sokolow
Stock symbol
SKYX
Transactions as of
Nov 9, 2022
Transactions value $
$112,126
Form type
4
Date filed
11/10/2022, 03:50 PM
Previous filing
Oct 4, 2022
Next filing
Dec 13, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SKYX Common Stock, no par value Other $112K +40.3K +12.1% $2.78 374K Nov 9, 2022 Direct F7
holding SKYX Common Stock, no par value 3.6K Nov 9, 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
holding SKYX Stock Option (right to buy) 150K Nov 9, 2022 Common Stock, no par value 150K $0.60 Direct
holding SKYX Stock Option (right to buy) 150K Nov 9, 2022 Common Stock, no par value 150K $3.00 Direct
holding SKYX Stock Option (right to buy) 150K Nov 9, 2022 Common Stock, no par value 150K $4.00 Direct
holding SKYX Stock Option (right to buy) 100K Nov 9, 2022 Common Stock, no par value 100K $3.00 Direct
holding SKYX Stock Option (right to buy) 100K Nov 9, 2022 Common Stock, no par value 100K $3.00 Direct
holding SKYX Stock Option (right to buy) 100K Nov 9, 2022 Common Stock, no par value 100K $12.00 Direct
holding SKYX Stock Option (right to buy) 100K Nov 9, 2022 Common Stock, no par value 100K $12.00 Direct
holding SKYX Stock Option (right to buy) 100K Nov 9, 2022 Common Stock, no par value 100K $12.00 Direct
holding SKYX Stock Option (right to buy) 17.5K Nov 9, 2022 Common Stock, no par value 17.5K $12.34 Direct F6
holding SKYX Warrant (right to buy) 4.47K Nov 9, 2022 Common Stock, no par value 4.47K $12.00 Direct F2
holding SKYX Warrant (right to buy) 1.09K Nov 9, 2022 Common Stock, no par value 1.09K $9.80 Direct F3
holding SKYX Warrant (right to buy) 3.38K Nov 9, 2022 Common Stock, no par value 3.38K $9.80 Direct F3
holding SKYX Warrant (right to buy) 19.8K Nov 9, 2022 Common Stock, no par value 19.8K $9.80 Direct F3
holding SKYX Warrant (right to buy) 5.67K Nov 9, 2022 Common Stock, no par value 5.67K $12.00 By Newbridge Securities Corporation F1, F2
holding SKYX Warrant (right to buy) 725 Nov 9, 2022 Common Stock, no par value 725 $9.80 By Newbridge Securities Corporation F1, F3
holding SKYX Warrant (right to buy) 2.25K Nov 9, 2022 Common Stock, no par value 2.25K $9.80 By Newbridge Securities Corporation F1, F3
holding SKYX Warrant (right to buy) 13.2K Nov 9, 2022 Common Stock, no par value 13.2K $9.80 By Newbridge Securities Corporation F1, F3
holding SKYX 6.0% Subordinated Convertible Promissory Note $250K Nov 9, 2022 Common Stock, no par value $250K $15.00 Direct F4, F5
* 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 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).
F3 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).
F4 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.
F5 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.
F6 Options vest in twelve equal monthly installments, beginning on the last day of the month in which the options were granted.
F7 Granted in consideration for services to be provided to the issuer pursuant to a corporate advisory agreement between the issuer and Newbridge Securities Corporation dated November 9, 2022. The restricted shares will vest on the following schedule: one quarter of the shares on each of November 9, 2022 and the six-, 12- and 18-month anniversaries of such date. If the agreement is terminated prior to its expiration, any shares that have not vested as of such date will be forfeited.