Marc Andre Boisseau - Apr 5, 2023 Form 4 Insider Report for SKYX Platforms Corp. (SKYX)

Role
Chief Financial Officer
Signature
/s/ Marc Andre Boisseau
Stock symbol
SKYX
Transactions as of
Apr 5, 2023
Transactions value $
-$56,545
Form type
4
Date filed
4/5/2023, 07:35 PM
Previous filing
Jan 3, 2023
Next filing
Oct 20, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SKYX Common Stock, no par value Award $0 +120K +1928.33% $0.00 126K Apr 5, 2023 Direct F1
transaction SKYX Common Stock, no par value Tax liability -$56.5K -16.9K -13.37% $3.35 109K Apr 5, 2023 Direct F3, F4

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 Stock Option (right to buy) Award $0 +120K $0.00 120K Apr 5, 2023 Common Stock, no par value 120K $3.28 Direct F2
holding SKYX Stock Option (right to buy) 10K Apr 5, 2023 Common Stock, no par value 10K $12.34 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents a grant of restricted stock units ("RSUs"). Each RSU represents a contingent right to receive one share of the issuer's common stock. The RSUs vest in three equal annual installments, beginning on April 5, 2023, the date of grant, subject to continued employment through the vesting date.
F2 Options vest in three equal annual installments, beginning on April 5, 2023, the date of grant, subject to continued employment through the vesting date.
F3 The reporting person has elected to satisfy his tax withholding obligation in connection with the vesting of RSUs by directing the issuer to withhold shares otherwise issuable upon vesting of the grant.
F4 Includes 80,000 RSUs, which will vest in equal annual installments on each of April 5, 2024 and 2025.