Shiff Dov 4
4 · SKYX Platforms Corp. · Filed Oct 4, 2022
Insider Transaction Report
Form 4
Shiff Dov
Director10% Owner
Transactions
- Award
Common Stock, no par value
2022-09-30$3.69/sh+2,032$7,498→ 3,893,372 total
Holdings
- 10,817,072(indirect: By Shiff Group)
Common Stock, no par value
- 25,000
Stock Option (right to buy)
Exercise: $3.00From: 2018-01-01Exp: 2023-01-01→ Common Stock, no par value (25,000 underlying) - 25,000
Stock Option (right to buy)
Exercise: $12.00From: 2020-01-01Exp: 2025-01-01→ Common Stock, no par value (25,000 underlying) - 25,000
Stock Option (right to buy)
Exercise: $12.00From: 2020-12-31Exp: 2025-12-31→ Common Stock, no par value (25,000 underlying) - (indirect: By Shiff Group)
6.0% Subordinated Convertible Promissory Note
Exercise: $15.00Exp: 2023-11-03→ Common Stock, no par value - 40,000(indirect: By Spouse)
Common Stock, no par value
- 25,000
Stock Option (right to buy)
Exercise: $3.00From: 2019-01-01Exp: 2024-01-01→ Common Stock, no par value (25,000 underlying) - 25,000
Stock Option (right to buy)
Exercise: $12.00From: 2021-12-31Exp: 2026-12-31→ Common Stock, no par value (25,000 underlying) - 5,000
Stock Option (right to buy)
Exercise: $12.34From: 2022-03-31Exp: 2027-03-11→ Common Stock, no par value (5,000 underlying) - 235,712(indirect: By Shiff Group Assets)
Common Stock, no par value
Footnotes (6)
- [F1]These securities are owned by Shiff Group Investments Ltd., of which the reporting person is an owner and the President and Chief Executive Officer.
- [F2]The securities are owned by Shiff Group Assets Ltd., of which the reporting person is a controlling person.
- [F3]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 $15.00 per share.
- [F4]Represents the principal amount of the convertible note and excludes interest that may accrue. Interest on the note is payable annually, in cash or common stock, at the holder's discretion.
- [F5]Options vest in twelve equal monthly installments, beginning on the last day of the month in which the options were granted.
- [F6]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.