Leonard J. Sokolow - Sep 12, 2024 Form 4 Insider Report for SKYX Platforms Corp. (SKYX)

Role: Co-Chief Executive Officer, Director
Signature: /s/ Leonard J. Sokolow
Stock symbol: SKYX
Transactions as of: Sep 12, 2024
Transactions value $: $0
Form type: 4
Date filed: 9/13/2024, 06:03 PM
Previous filing: Jun 28, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SKYX	Common Stock, no par value	Gift	$0	-18K	-2.37%	$0.00	741K	Sep 12, 2024	Direct	F5

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)						150K	Sep 12, 2024	Common Stock, no par value	150K	$0.60	Direct
holding	SKYX	Stock Option (right to buy)						150K	Sep 12, 2024	Common Stock, no par value	150K	$3.00	Direct
holding	SKYX	Stock Option (right to buy)						150K	Sep 12, 2024	Common Stock, no par value	150K	$4.00	Direct
holding	SKYX	Stock Option (right to buy)						100K	Sep 12, 2024	Common Stock, no par value	100K	$12.00	Direct
holding	SKYX	Stock Option (right to buy)						100K	Sep 12, 2024	Common Stock, no par value	100K	$12.00	Direct
holding	SKYX	Stock Option (right to buy)						100K	Sep 12, 2024	Common Stock, no par value	100K	$12.00	Direct
holding	SKYX	Stock Option (right to buy)						17.5K	Sep 12, 2024	Common Stock, no par value	17.5K	$12.34	Direct
holding	SKYX	Stock Option (right to buy)						17.5K	Sep 12, 2024	Common Stock, no par value	17.5K	$3.28	Direct
holding	SKYX	Stock Option (right to buy)						450K	Sep 12, 2024	Common Stock, no par value	450K	$1.58	Direct	F4
holding	SKYX	Warrant (right to buy)						1.09K	Sep 12, 2024	Common Stock, no par value	1.09K	$9.80	Direct	F1
holding	SKYX	Warrant (right to buy)						3.38K	Sep 12, 2024	Common Stock, no par value	3.38K	$9.80	Direct	F1
holding	SKYX	Warrant (right to buy)						19.8K	Sep 12, 2024	Common Stock, no par value	19.8K	$9.80	Direct	F1
holding	SKYX	Subordinated Convertible Promissory Note						$250K	Sep 12, 2024	Common Stock, no par value	$250K	$3.00	Direct	F2, F3

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

Explanation of Responses:

Id	Content
F1	Exercisable at any time on or prior to the expiration date at the holder's discretion at the adjusted exercise price of $9.80 per share, subject to adjustment provisions (including certain anti-dilution provisions).
F2	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 $3.00 per share.
F3	Represents the principal amount of the convertible note and excludes interest that may accrue. Beginning January 1, 2024, the note accrues interest at a rate of 10.0% per annum, which is payable annually, in cash or common stock, at the holder's discretion. Prior to such date, the note accrued interest at a rate of 6.0% per annum.
F4	Options vest over 3.5 years as follows, subject to continued employment through the vesting date: 120,000 vested on September 12, 2023; 300,000 vest in six semi-annual installments of 50,000, beginning on March 12, 2024; and 30,000 vest on March 12, 2027.
F5	Includes 230,000 restricted stock units, which will vest as follows, subject to continued employment through the vesting date: 200,000 in four semi-annual installments of 50,000 beginning on March 12, 2025 and 30,000 on March 12, 2027.