Steven Mark Schmidt - 13 Sep 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
Issuer symbol
SKYX
Transactions as of
13 Sep 2024
Transactions value $
$0
Form type
4
Filing time
04 Oct 2024, 17:00:21 UTC
Previous filing
04 Jun 2024
Next filing
17 Dec 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 Options Exercise $6K +60K +50.03% $0.10 180K 13 Sep 2024 Direct
transaction SKYX Common Stock, no par value Tax liability -$6K -6.98K -3.88% $0.86 173K 13 Sep 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
transaction SKYX Stock Option (right to buy) Options Exercise $0 -60K -100% $0.00 0 13 Sep 2024 Common Stock, no par value 60K $0.10 Direct F1
holding SKYX Stock Option (right to buy) 100K 13 Sep 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.
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.
F3 Reflects shares surrendered in connection with the cashless exercise of the exercised options.