Dov Shiff - Apr 4, 2024 Form 4 Insider Report for SKYX Platforms Corp. (SKYX)

Role: Director, 10%+ Owner
Signature: /s/ Dov Shiff
Stock symbol: SKYX
Transactions as of: Apr 4, 2024
Transactions value $: $0
Form type: 4
Date filed: 4/10/2024, 08:32 AM
Previous 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	$0	+5K	+0.34%	$0.00	1.46M	Apr 4, 2024	Direct	F7
holding	SKYX	Common Stock, no par value						13.3M	Apr 4, 2024	By DZDLUX s.a.r.l.	F2
holding	SKYX	Common Stock, no par value						236K	Apr 4, 2024	By Shiff Group Assets	F3
holding	SKYX	Common Stock, no par value						40K	Apr 4, 2024	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
transaction	SKYX	Stock Option (right to buy)	Award	$0	+5K		$0.00	5K	Apr 4, 2024	Common Stock, no par value	5K	$1.09	Direct	F6
holding	SKYX	Stock Option (right to buy)						25K	Apr 4, 2024	Common Stock, no par value	25K	$12.00	Direct
holding	SKYX	Stock Option (right to buy)						25K	Apr 4, 2024	Common Stock, no par value	25K	$12.00	Direct
holding	SKYX	Stock Option (right to buy)						25K	Apr 4, 2024	Common Stock, no par value	25K	$12.00	Direct
holding	SKYX	Stock Option (right to buy)						5K	Apr 4, 2024	Common Stock, no par value	5K	$12.34	Direct
holding	SKYX	Stock Option (right to buy)						5K	Apr 4, 2024	Common Stock, no par value	5K	$3.28	Direct
holding	SKYX	6.0% Subordinated Convertible Promissory Note						$600K	Apr 4, 2024	Common Stock, no par value	$600K	$15.00	By Shiff Group	F1, F4, F5

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	These securities are owned by Shiff Group Investments Ltd., of which the reporting person is an owner and the President and Chief Executive Officer.
F2	These securities are owned by DZDLUX s.a.r.l., of which the reporting person is a controlling person.
F3	These securities are owned by Shiff Group Assets Ltd., of which the reporting person is a controlling person.
F4	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.
F5	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.
F6	Options vest in twelve equal monthly installments, beginning on the last day of the month in which the options were granted. These options were granted pursuant to the non-employee director compensation program.
F7	Represents shares of restricted stock, which vested immediately upon grant and were granted pursuant to the non-employee director compensation program.