4//SEC Filing
SOKOLOW LEONARD J 4
Accession 0001493152-24-009995
CIK 0001598981other
Filed
Mar 13, 8:00 PM ET
Accepted
Mar 14, 6:37 PM ET
Size
23.5 KB
Accession
0001493152-24-009995
Insider Transaction Report
Form 4
SOKOLOW LEONARD J
DirectorChief Executive Officer
Transactions
- Tax Payment
Common Stock, no par value
2024-03-12$1.28/sh−22,325$28,576→ 759,220 total
Holdings
- 100,000
Stock Option (right to buy)
Exercise: $12.00From: 2020-12-31Exp: 2025-12-31→ Common Stock, no par value (100,000 underlying) - 17,500
Stock Option (right to buy)
Exercise: $12.34From: 2022-03-31Exp: 2027-03-11→ Common Stock, no par value (17,500 underlying) - 17,500
Stock Option (right to buy)
Exercise: $3.28From: 2023-04-30Exp: 2028-04-05→ Common Stock, no par value (17,500 underlying) - 150,000
Stock Option (right to buy)
Exercise: $3.00From: 2017-06-30Exp: 2027-04-19→ Common Stock, no par value (150,000 underlying) - 19,827
Warrant (right to buy)
Exercise: $9.80Exp: 2024-12-22→ Common Stock, no par value (19,827 underlying) - 150,000
Stock Option (right to buy)
Exercise: $4.00From: 2017-12-31Exp: 2027-04-19→ Common Stock, no par value (150,000 underlying) - 3,375
Warrant (right to buy)
Exercise: $9.80Exp: 2024-11-29→ Common Stock, no par value (3,375 underlying) - 100,000
Stock Option (right to buy)
Exercise: $12.00From: 2021-12-31Exp: 2026-12-31→ Common Stock, no par value (100,000 underlying) - 1,088
Warrant (right to buy)
Exercise: $9.80Exp: 2024-10-26→ Common Stock, no par value (1,088 underlying) - 150,000
Stock Option (right to buy)
Exercise: $0.60From: 2015-11-15Exp: 2025-11-15→ Common Stock, no par value (150,000 underlying) - 100,000
Stock Option (right to buy)
Exercise: $12.00From: 2020-01-01Exp: 2025-01-01→ Common Stock, no par value (100,000 underlying) - 450,000
Stock Option (right to buy)
Exercise: $1.58From: 2023-09-12Exp: 2028-09-12→ Common Stock, no par value (450,000 underlying) 6.0% Subordinated Convertible Promissory Note
Exercise: $15.00Exp: 2023-09-22→ Common Stock, no par value
Footnotes (8)
- [F1]Exercisable at any time on or prior to the expiration date at the holder's discretion at the adjusted exercise price of $9.80 per share, subject to adjustment provisions (including certain anti-dilution provisions).
- [F2]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.
- [F3]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.
- [F4]Options vest in twelve equal monthly installments, beginning on the last day of the month in which the options were granted.
- [F5]Options vest over 3.5 years as follows, subject to continued employment through the vesting date: 120,000 vested on September 12, 2023; 300,000 vest in six semi-annual installments of 50,000, beginning on March 12, 2024; and 30,000 vest on March 12, 2027.
- [F6]Includes 10,084 restricted shares granted in consideration for services to be provided to the issuer pursuant to a corporate advisory agreement between the issuer and Newbridge Securities Corporation dated November 9, 2022. The restricted shares vest on the following schedule: one quarter of the shares on each of November 9, 2022 and the six-, 12- and 18-month anniversaries of such date. If the agreement is terminated prior to its expiration, any shares that have not vested as of such date will be forfeited.
- [F7]Includes 280,000 restricted stock units ("RSUs"), which will vest as follows, subject to continued employment through the vesting date: 250,000 vest in five semi-annual installments of 50,000 beginning on September 12, 2024 and 30,000 vest on March 12, 2027.
- [F8]The reporting person has elected to satisfy his tax withholding obligation in connection with the vesting of RSUs by directing the issuer to withhold shares otherwise issuable upon vesting of the grant.
Documents
Issuer
SKYX Platforms Corp.
CIK 0001598981
Entity typeother
Related Parties
1- filerCIK 0000923890
Filing Metadata
- Form type
- 4
- Filed
- Mar 13, 8:00 PM ET
- Accepted
- Mar 14, 6:37 PM ET
- Size
- 23.5 KB