Leonard J. Sokolow - Mar 31, 2023 Form 4 Insider Report for SKYX Platforms Corp. (SKYX)

Role
Director
Signature
/s/ Leonard J. Sokolow
Stock symbol
SKYX
Transactions as of
Mar 31, 2023
Transactions value $
$7,500
Form type
4
Date filed
4/4/2023, 04:34 PM
Previous filing
Jan 3, 2023
Next filing
Apr 6, 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 +2.17K +0.61% $3.45 359K Mar 31, 2023 Direct F6, F7
holding SKYX Common Stock, no par value 3.6K Mar 31, 2023 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 Mar 31, 2023 Common Stock, no par value 150K $0.60 Direct
holding SKYX Stock Option (right to buy) 150K Mar 31, 2023 Common Stock, no par value 150K $3.00 Direct
holding SKYX Stock Option (right to buy) 150K Mar 31, 2023 Common Stock, no par value 150K $4.00 Direct
holding SKYX Stock Option (right to buy) 100K Mar 31, 2023 Common Stock, no par value 100K $3.00 Direct
holding SKYX Stock Option (right to buy) 100K Mar 31, 2023 Common Stock, no par value 100K $12.00 Direct
holding SKYX Stock Option (right to buy) 100K Mar 31, 2023 Common Stock, no par value 100K $12.00 Direct
holding SKYX Stock Option (right to buy) 100K Mar 31, 2023 Common Stock, no par value 100K $12.00 Direct
holding SKYX Stock Option (right to buy) 17.5K Mar 31, 2023 Common Stock, no par value 17.5K $12.34 Direct
holding SKYX Warrant (right to buy) 4.47K Mar 31, 2023 Common Stock, no par value 4.47K $12.00 Direct F2
holding SKYX Warrant (right to buy) 1.09K Mar 31, 2023 Common Stock, no par value 1.09K $9.80 Direct F3
holding SKYX Warrant (right to buy) 3.38K Mar 31, 2023 Common Stock, no par value 3.38K $9.80 Direct F3
holding SKYX Warrant (right to buy) 19.8K Mar 31, 2023 Common Stock, no par value 19.8K $9.80 Direct F3
holding SKYX Warrant (right to buy) 5.67K Mar 31, 2023 Common Stock, no par value 5.67K $12.00 By Newbridge Securities Corporation F1, F2
holding SKYX Warrant (right to buy) 725 Mar 31, 2023 Common Stock, no par value 725 $9.80 By Newbridge Securities Corporation F1, F3
holding SKYX Warrant (right to buy) 2.25K Mar 31, 2023 Common Stock, no par value 2.25K $9.80 By Newbridge Securities Corporation F1, F3
holding SKYX Warrant (right to buy) 13.2K Mar 31, 2023 Common Stock, no par value 13.2K $9.80 By Newbridge Securities Corporation F1, F3
holding SKYX 6.0% Subordinated Convertible Promissory Note $250K Mar 31, 2023 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 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.
F7 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.