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

Role: Director
Signature: /s/ Thomas J. Ridge
Stock symbol: SKYX
Transactions as of: Mar 31, 2023
Transactions value $: $7,500
Form type: 4
Date filed: 4/11/2023, 05:41 PM
Previous filing: Jan 4, 2023
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	+2.17K	+0.27%	$3.45	796K	Mar 31, 2023	Direct	F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
holding	SKYX	Stock Option (right to buy)	167K	Mar 31, 2023	Common Stock, no par value	167K	$3.00	Direct
holding	SKYX	Stock Option (right to buy)	167K	Mar 31, 2023	Common Stock, no par value	167K	$4.00	Direct
holding	SKYX	Stock Option (right to buy)	167K	Mar 31, 2023	Common Stock, no par value	167K	$5.00	Direct
holding	SKYX	Stock Option (right to buy)	25K	Mar 31, 2023	Common Stock, no par value	25K	$3.00	Direct
holding	SKYX	Stock Option (right to buy)	25K	Mar 31, 2023	Common Stock, no par value	25K	$12.00	Direct
holding	SKYX	Stock Option (right to buy)	25K	Mar 31, 2023	Common Stock, no par value	25K	$12.00	Direct
holding	SKYX	Stock Option (right to buy)	25K	Mar 31, 2023	Common Stock, no par value	25K	$12.00	Direct
holding	SKYX	Stock Option (right to buy)	5K	Mar 31, 2023	Common Stock, no par value	5K	$12.34	Direct
holding	SKYX	Series A Convertible Preferred Stock	200K	Mar 31, 2023	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	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.

Content

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.

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.