John P. Campi - 04 Oct 2024 Form 4 Insider Report for SKYX Platforms Corp. (SKYX)

Source evidence Original filing metadata and source links for verification. 4 source fields
SEC form
4
Accepted by SEC
07 Oct 2024, 09:28:06 UTC
Prior SEC filing
01 Apr 2024
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ John P. Campi

Key filing fact

John P. Campi filed Form 4 for SKYX Platforms Corp. (SKYX) on 07 Oct 2024.

Key facts

  • This page summarizes John P. Campi's Form 4 filing for SKYX Platforms Corp. (SKYX).
  • 1 reported transaction and 2 derivative rows are listed below.
  • Accepted by SEC: 07 Oct 2024, 09:28.

Change

  • Previous filing in this sequence was filed on 01 Apr 2024.
  • Current net transaction value: +$250,000.

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

Reported non-derivative transactions

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

SKYX holding

Common Stock, no par value

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
797,685
Date
04 Oct 2024
Ownership
Direct

Reported derivative securities

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

SKYX transaction Derivative

Series A-1 Preferred Stock

Purchase

Transaction value
$250,000
Shares
+10,000
Change %
Price
$25.00
Shares after
10,000
Date
04 Oct 2024
Ownership
Direct
Underlying class
Common Stock, no par value
Underlying amount
125,000
Exercise price
Footnotes
F3
SKYX holding Derivative

Subordinated Convertible Promissory Note

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
$100,000
Date
04 Oct 2024
Ownership
Direct
Underlying class
Common Stock, no par value
Underlying amount
$100,000
Exercise price
$3.00
Footnotes
F1, F2
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 3 footnotes

Footnote F1

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.

Footnote F2

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.

Footnote F3

The Series A-1 Preferred Stock (the "Preferred Stock") has an original issue price of $25.00 per share and is convertible at any time, at the holder's option, into shares of the issuer's common stock at an initial conversion price of $2.00 per share (or 12.5 shares of common stock for each share of Preferred Stock), subject to adjustment provisions (including certain anti-dilution provisions) and a minimum conversion price of $1.20 per share. Until October 4, 2026, the Preferred Stock is subject to mandatory conversion by the issuer upon the occurrence of certain specified events. In addition, the issuer may redeem the Preferred Stock for cash upon the occurrence of certain events or at any time beginning October 4, 2027. The Preferred Stock has no expiration date.

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