Marc Andre Boisseau - 15 Nov 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
15 Nov 2023
Net transactions value
-$6,510
Form type
4
Filing time
15 Nov 2023, 16:30:27 UTC
Previous filing
20 Oct 2023
Next filing
15 Feb 2024
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 Tax liability $6,510 -3,785 -2.7% $1.72 138,552 15 Nov 2023 Direct F1, F2

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 15 Nov 2023 Common Stock, no par value 120,000 $3.28 Direct F3
holding SKYX Stock Option (right to buy) 10,000 15 Nov 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 The reporting person has elected to satisfy his tax withholding obligation in connection with the vesting of restricted stock units ("RSUs") by directing the issuer to withhold shares otherwise issuable upon vesting of the grant.
F2 Includes (i) 80,000 RSUs, which will vest in equal annual installments on each of April 5, 2024 and 2025 and (ii) 25,000 RSUs, which will vest in equal installments 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.