Bastion Trading Ltd - 07 Oct 2026 Form 4 Insider Report for SkyAI, Inc. (SKYA)

Reporting relationship: 10%+ Owner
Issuer ticker: SKYA
Reported as of: 07 Oct 2026
Net transaction value: +$78,263
SEC form: 4
Accepted by SEC: 09 Oct 2026, 18:59:09 UTC
Source filing: View source filing
Reporting owner signature: Bastion Trading Limited, By: /s/ Wei Zhu, Authorized Signatory

Key filing fact

Bastion Trading Ltd filed Form 4 for SkyAI, Inc. (SKYA) on 09 Oct 2026.

Key facts

This page summarizes Bastion Trading Ltd's Form 4 filing for SkyAI, Inc. (SKYA).
1 reported transaction and 2 derivative rows are listed below.
Accepted by SEC: 09 Oct 2026, 18:59.

Change

No earlier filing in this sequence is available for direct comparison.
Current net transaction value: +$78,263.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reporting Owners (1)

CIK 0002106951 Primary reporting owner

Bastion Trading Ltd

Relationship: 10%+ Owner
Address: UNIT 7A, R&F DE CASTRO BUILDING, 200 WATERFRONT DRIVE, ROAD TOWN, TORTOLA, VIRGIN ISLANDS, BRITISH
Signature: Bastion Trading Limited, By: /s/ Wei Zhu, Authorized Signatory
Signature date: 09 Oct 2026

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

SKYA transaction

Common Stock, par value $0.0001 per share

Purchase

Transaction value: $78,263
Shares: +44,000
Change %: +3.2%
Price: $1.78
Shares after: 1,429,417
Date: 07 Oct 2026
Ownership: Direct
Footnotes: F1, F2, F3

SKYA holding

Common Stock, par value $0.0001 per share

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 2,940,075
Date: 07 Oct 2026
Ownership: See footnote
Footnotes: F1, F4

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

SKYA holding Derivative

Pre-Funded Warrants

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 4,234,615
Date: 07 Oct 2026
Ownership: Direct
Underlying class: Common Stock, par value $0.0001 per share
Underlying amount: 4,234,615
Exercise price
Footnotes: F3, F5, F6, F8

SKYA holding Derivative

Stapled Warrants

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 5,384,615
Date: 07 Oct 2026
Ownership: Direct
Underlying class: Common Stock, par value $0.0001 per share
Underlying amount: 5,384,615
Exercise price
Footnotes: F3, F5, F7, F9

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Rule 10b5-1 trading plan

These transactions were reported as open-market trades under a Rule 10b5-1 plan. The plan lets an insider set trading instructions in advance, which can reduce the risk of trading while in possession of material nonpublic information.

Original filing language: transaction made pursuant to a contract, instruction, or written plan intended to satisfy Rule 10b5-1(c).

Explanation of responses 9 footnotes

Footnote F1

This Form 4 is filed jointly by Bastion Trading Limited ("Bastion Trading"), Bastion Holdings Limited ("Bastion Holdings"), Lucio Holding Limited ("Lucio Holding") and Wei Zhu (collectively, the "Reporting Persons"). Each of the Reporting Persons is a member of a Section 13(d) group that collectively beneficially owns more than 10% of the Issuer's outstanding shares of Common Stock. Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of his or its pecuniary interest therein, and this report shall not be deemed to be an admission that any Reporting Person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

Footnote F2

Represents a weighted average price. These shares were purchased in multiple transactions at prices ranging from $1.7700 to $1.7900, inclusive. The Reporting Persons undertake to provide the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

Footnote F3

Securities beneficially owned by Bastion Trading. As the sole owner of Bastion Trading, Bastion Holdings may be deemed to beneficially own the securities beneficially owned directly by Bastion Trading. As the director of Bastion Holdings, Mr. Zhu may be deemed to beneficially own the securities beneficially owned directly by Bastion Trading.

Footnote F4

Securities beneficially owned by Lucio Holding. As the director of Lucio Holding, Mr. Zhu may be deemed to beneficially own the securities beneficially owned directly by Lucio Holding.

Footnote F5

Each of the Pre-Funded Warrants and the Stapled Warrants either provide, or the holder has elected, that the holder shall not have the right to exercise any portion of any such warrants to the extent that after giving effect to such issuance after exercise, such holder and certain of its affiliates would be deemed to beneficially own, as determined in accordance with Section 13(d) of the Exchange Act, more than 9.99% of the Issuer's then outstanding shares of common stock (the "Beneficial Ownership Limitations").

Footnote F6

The exercise price is $0.00001 per share.

Footnote F7

The exercise price is $9.75 per share.

Footnote F8

The Pre-Funded Warrants are immediately exercisable at an initial exercise price equal to $0.0001 per share and may be exercised at any time until the Pre-Funded Warrants are exercised in full, subject to the PFW Beneficial Ownership Limitation (as defined below). As of the date hereof, the Beneficial Ownership Limitation under the Pre-Funded Warrants is 9.99% of the Issuer's then outstanding shares of common stock (the "PFW Beneficial Ownership Limitation") and none of the Pre-Funded Warrants held by Bastion Trading are currently exercisable.

Footnote F9

The Stapled Warrants are immediately exercisable at an initial exercise price equal to $9.75 per share and may be exercised at any time on or prior to 5:00pm New York City time on the date that is thirty-six (36) months after the issue date of the Stapled Warrants, subject to the SW Beneficial Ownership Limitation (as defined below). As of the date hereof, the Beneficial Ownership Limitation under the Stapled Warrants is 9.99% of the Issuer's then outstanding shares of common stock (the "SW Beneficial Ownership Limitation") and none of the Stapled Warrants held by Bastion Trading are currently exercisable.