Dov Shiff - Sep 30, 2023 Form 4 Insider Report for SKYX Platforms Corp. (SKYX)

Role
Director, 10%+ Owner
Signature
/s/ Dov Shiff
Stock symbol
SKYX
Transactions as of
Sep 30, 2023
Transactions value $
$7,499
Form type
4
Date filed
10/10/2023, 04:15 PM
Previous filing
Jul 7, 2023
Next filing
Jan 3, 2024

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 +5.28K +0.04% $1.42 15M Sep 30, 2023 Direct F1, F6
holding SKYX Common Stock, no par value 40K Sep 30, 2023 By Spouse

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) 25K Sep 30, 2023 Common Stock, no par value 25K $3.00 Direct
holding SKYX Stock Option (right to buy) 25K Sep 30, 2023 Common Stock, no par value 25K $12.00 Direct
holding SKYX Stock Option (right to buy) 25K Sep 30, 2023 Common Stock, no par value 25K $12.00 Direct
holding SKYX Stock Option (right to buy) 25K Sep 30, 2023 Common Stock, no par value 25K $12.00 Direct
holding SKYX Stock Option (right to buy) 5K Sep 30, 2023 Common Stock, no par value 5K $12.34 Direct
holding SKYX Stock Option (right to buy) 5K Sep 30, 2023 Common Stock, no par value 5K $3.28 Direct F5
holding SKYX 6.0% Subordinated Convertible Promissory Note $600K Sep 30, 2023 Common Stock, no par value $600K $15.00 By Shiff Group F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reporting person transferred shares of common stock from entities controlled by the reporting person to the reporting person directly.
F2 These securities are owned by Shiff Group Investments Ltd., of which the reporting person is an owner and the President and Chief Executive Officer.
F3 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.
F4 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.
F5 Options vest in twelve equal monthly installments, beginning on the last day of the month in which the options were granted.
F6 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.