Steven Mark Schmidt - Jun 1, 2024 Form 4 Insider Report for SKYX Platforms Corp. (SKYX)

Role
President
Signature
/s/ Marc-Andre Boisseau for Steven Mark Schmidt by Power of Attorney
Stock symbol
SKYX
Transactions as of
Jun 1, 2024
Transactions value $
-$8,107
Form type
4
Date filed
6/4/2024, 04:15 PM
Previous filing
Jun 5, 2023
Next filing
Oct 4, 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 -$8.11K -8.91K -6.91% $0.91 120K Jun 1, 2024 Direct F3

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) 60K Jun 1, 2024 Common Stock, no par value 60K $0.10 Direct F1
holding SKYX Stock Option (right to buy) 60K Jun 1, 2024 Common Stock, no par value 60K $6.00 Direct F1
holding SKYX Stock Option (right to buy) 100K Jun 1, 2024 Common Stock, no par value 100K $12.00 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These options were granted on October 1, 2019 and vested in three equal annual installments of 20,000 shares beginning on the first anniversary of the date of grant. Options are subject to continued service through the applicable vesting date.
F2 These options were granted on June 1, 2021 and vested in four equal annual installments of 25,000 shares beginning on the date of grant. Options are subject to continued service through the applicable vesting date.
F3 The reporting person has elected to satisfy his tax withholding obligation in connection with the vesting of a prior restricted stock grant by directing the issuer to withhold shares otherwise issuable upon vesting of the previously reported grant.