Marc Andre Boisseau - Apr 5, 2024 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, 2024
Transactions value $
-$19,289
Form type
4
Date filed
4/5/2024, 04:48 PM
Previous filing
Feb 15, 2024
Next filing
May 15, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SKYX Common Stock, no par value Tax liability -$19.3K -17.9K -13.43% $1.08 115K Apr 5, 2024 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) 120K Apr 5, 2024 Common Stock, no par value 120K $3.28 Direct F3
holding SKYX Stock Option (right to buy) 10K Apr 5, 2024 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 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) 40,000 RSUs, which will vest on April 5, 2025, and (ii) 12,500 RSUs, which will vest on 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.