Leonard J. Sokolow - Dec 31, 2022 Form 4 Insider Report for SKYX Platforms Corp. (SKYX)

Role
Director
Signature
/s/ Leonard J. Sokolow
Stock symbol
SKYX
Transactions as of
Dec 31, 2022
Transactions value $
$7,500
Form type
4
Date filed
1/3/2023, 03:08 PM
Previous filing
Dec 28, 2022
Next filing
Apr 4, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SKYX Common Stock, no par value Award $7.5K +2.98K +0.8% $2.52 377K Dec 31, 2022 Direct F7, F8
holding SKYX Common Stock, no par value 3.6K Dec 31, 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 Dec 31, 2022 Common Stock, no par value 150K $0.60 Direct
holding SKYX Stock Option (right to buy) 150K Dec 31, 2022 Common Stock, no par value 150K $3.00 Direct
holding SKYX Stock Option (right to buy) 150K Dec 31, 2022 Common Stock, no par value 150K $4.00 Direct
holding SKYX Stock Option (right to buy) 100K Dec 31, 2022 Common Stock, no par value 100K $3.00 Direct
holding SKYX Stock Option (right to buy) 100K Dec 31, 2022 Common Stock, no par value 100K $12.00 Direct
holding SKYX Stock Option (right to buy) 100K Dec 31, 2022 Common Stock, no par value 100K $12.00 Direct
holding SKYX Stock Option (right to buy) 100K Dec 31, 2022 Common Stock, no par value 100K $12.00 Direct
holding SKYX Stock Option (right to buy) 17.5K Dec 31, 2022 Common Stock, no par value 17.5K $12.34 Direct F6
holding SKYX Warrant (right to buy) 4.47K Dec 31, 2022 Common Stock, no par value 4.47K $12.00 Direct F2
holding SKYX Warrant (right to buy) 1.09K Dec 31, 2022 Common Stock, no par value 1.09K $9.80 Direct F3
holding SKYX Warrant (right to buy) 3.38K Dec 31, 2022 Common Stock, no par value 3.38K $9.80 Direct F3
holding SKYX Warrant (right to buy) 19.8K Dec 31, 2022 Common Stock, no par value 19.8K $9.80 Direct F3
holding SKYX Warrant (right to buy) 5.67K Dec 31, 2022 Common Stock, no par value 5.67K $12.00 By Newbridge Securities Corporation F1, F2
holding SKYX Warrant (right to buy) 725 Dec 31, 2022 Common Stock, no par value 725 $9.80 By Newbridge Securities Corporation F1, F3
holding SKYX Warrant (right to buy) 2.25K Dec 31, 2022 Common Stock, no par value 2.25K $9.80 By Newbridge Securities Corporation F1, F3
holding SKYX Warrant (right to buy) 13.2K Dec 31, 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 Dec 31, 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 Includes 30,250 restricted shares 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 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.
F8 The reporting person has elected to receive shares of the issuer's common stock in lieu of the cash retainer payable for service on the issuer's board of directors, pursuant to the non-employee director compensation program.