Thomas J. Ridge - 01 May 2023 Form 4 Insider Report for SKYX Platforms Corp. (SKYX)

Role
Director
Signature
/s/ Thomas J. Ridge
Issuer symbol
SKYX
Transactions as of
01 May 2023
Net transactions value
+$52,496
Form type
4
Filing time
03 Jan 2025, 16:15:23 UTC
Previous filing
11 Apr 2023
Next filing
28 Mar 2025
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 Conversion of derivative security +200,000 +25% 1,001,217 01 May 2023 Direct F1
transaction SKYX Common Stock, no par value Award $7,497 +2,808 +0.28% $2.67 1,004,025 30 Jun 2023 Direct F2
transaction SKYX Common Stock, no par value Award $7,499 +5,281 +0.53% $1.42 1,009,306 30 Sep 2023 Direct F2
transaction SKYX Common Stock, no par value Award $7,500 +4,464 +0.44% $1.68 1,013,770 31 Dec 2023 Direct F2
transaction SKYX Common Stock, no par value Award $0 +5,000 +0.49% $0.000000 1,018,770 04 Apr 2024 Direct F4
transaction SKYX Common Stock, no par value Award $30,000 +25,000 +2.5% $1.20 1,043,770 31 Dec 2024 Direct 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
transaction SKYX Series A Convertible Preferred Stock Conversion of derivative security -200,000 -100% 0 01 May 2023 Common Stock, no par value 200,000 Direct F1
transaction SKYX Stock Option (right to buy) Award $0 +5,000 $0.000000 5,000 04 Apr 2024 Common Stock, no par value 5,000 $1.09 Direct F3
holding SKYX Stock Option (right to buy) 166,667 01 May 2023 Common Stock, no par value 166,667 $3.00 Direct
holding SKYX Stock Option (right to buy) 166,667 01 May 2023 Common Stock, no par value 166,667 $4.00 Direct
holding SKYX Stock Option (right to buy) 166,666 01 May 2023 Common Stock, no par value 166,666 $5.00 Direct
holding SKYX Stock Option (right to buy) 25,000 01 May 2023 Common Stock, no par value 25,000 $12.00 Direct
holding SKYX Stock Option (right to buy) 25,000 01 May 2023 Common Stock, no par value 25,000 $12.00 Direct
holding SKYX Stock Option (right to buy) 5,000 01 May 2023 Common Stock, no par value 5,000 $12.34 Direct
holding SKYX Stock Option (right to buy) 5,000 01 May 2023 Common Stock, no par value 5,000 $3.28 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reporting person elected to convert all shares of Series A Convertible Preferred Stock held into shares of common stock. The Series A Convertible Preferred Stock was convertible at any time, at the holder's election, on a one-for-one basis, and had no expiration date.
F2 The reporting person has elected to receive shares of the issuer's common stock in lieu of the cash retainer payable for service on the issuer's board of directors, pursuant to the non-employee director compensation program.
F3 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.
F4 Represents shares of restricted stock, which vested immediately upon grant and were granted pursuant to the non-employee director compensation program.