Marc Andre Boisseau - 19 Oct 2023 Form 4 Insider Report for SKYX Platforms Corp. (SKYX)

Role
Chief Financial Officer
Signature
/s/ Marc Andre Boisseau
Issuer symbol
SKYX
Transactions as of
19 Oct 2023
Net transactions value
$0
Form type
4
Filing time
20 Oct 2023, 16:15:30 UTC
Previous filing
05 Apr 2023
Next filing
15 Nov 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SKYX Common Stock, no par value Award $0 +7,993 +7.3% $0.000000 117,337 19 Oct 2023 Direct F1
transaction SKYX Common Stock, no par value Award $0 +25,000 +21% $0.000000 142,337 19 Oct 2023 Direct F2, 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
holding SKYX Stock Option (right to buy) 120,000 19 Oct 2023 Common Stock, no par value 120,000 $3.28 Direct F3
holding SKYX Stock Option (right to buy) 10,000 19 Oct 2023 Common Stock, no par value 10,000 $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 full on November 15, 2023.
F2 Represents a grant of RSUs. Each RSU represents a contingent right to receive one share of the issuer's common stock. The RSUs vest in equal installments of 12,500 on each of February 15, 2024 and May 15, 2024.
F3 Options vest in three equal annual installments, beginning on April 5, 2023, the date of grant, subject to continued employment through the vesting date.
F4 Includes (i) 80,000 RSUs, which will vest in equal annual installments on each of April 5, 2024 and 2025; (ii) 7,993 RSUs, which will vest in full on November 15, 2023; and (iii) 25,000 RSUs, which will vest in equal installments on each of February 15, 2024 and May 15, 2024.