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

Role
Director
Signature
/s/ Thomas J. Ridge
Stock symbol
SKYX
Transactions as of
Dec 31, 2022
Transactions value $
$7,500
Form type
4
Date filed
1/4/2023, 08:23 PM
Previous filing
Oct 4, 2022
Next filing
Apr 11, 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 +0.38% $2.52 794K Dec 31, 2022 Direct 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) 167K Dec 31, 2022 Common Stock, no par value 167K $3.00 Direct
holding SKYX Stock Option (right to buy) 167K Dec 31, 2022 Common Stock, no par value 167K $4.00 Direct
holding SKYX Stock Option (right to buy) 167K Dec 31, 2022 Common Stock, no par value 167K $5.00 Direct
holding SKYX Stock Option (right to buy) 25K Dec 31, 2022 Common Stock, no par value 25K $3.00 Direct
holding SKYX Stock Option (right to buy) 25K Dec 31, 2022 Common Stock, no par value 25K $12.00 Direct
holding SKYX Stock Option (right to buy) 25K Dec 31, 2022 Common Stock, no par value 25K $12.00 Direct
holding SKYX Stock Option (right to buy) 25K Dec 31, 2022 Common Stock, no par value 25K $12.00 Direct
holding SKYX Stock Option (right to buy) 5K Dec 31, 2022 Common Stock, no par value 5K $12.34 Direct F2
holding SKYX Series A Convertible Preferred Stock 200K Dec 31, 2022 Common Stock, no par value 200K Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Series A Convertible Preferred Stock (the "Preferred Stock") is convertible into shares of common stock at any time, at the holder's election, on a one-for-one basis, and has no expiration date. The issuer may repurchase any or all of the Preferred Stock at any time, if certain conditions are met. Holders of the Preferred Stock may require the issuer to repurchase some or all of their shares of Preferred Stock.
F2 Options vest in twelve equal monthly installments, beginning on the last day of the month in which the options were granted.
F3 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.