4//SEC Filing
SOKOLOW LEONARD J 4
Accession 0001493152-24-036250
CIK 0001598981other
Filed
Sep 12, 8:00 PM ET
Accepted
Sep 13, 6:03 PM ET
Size
22.5 KB
Accession
0001493152-24-036250
Insider Transaction Report
Form 4
SOKOLOW LEONARD J
DirectorChief Executive Officer
Transactions
- Gift
Common Stock, no par value
2024-09-12−18,000→ 741,220 total
Holdings
- 100,000
Stock Option (right to buy)
Exercise: $12.00From: 2021-12-31Exp: 2026-12-31→ Common Stock, no par value (100,000 underlying) Subordinated Convertible Promissory Note
Exercise: $3.00Exp: 2025-05-16→ Common Stock, no par value- 100,000
Stock Option (right to buy)
Exercise: $12.00From: 2020-01-01Exp: 2025-01-01→ Common Stock, no par value (100,000 underlying) - 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) - 450,000
Stock Option (right to buy)
Exercise: $1.58From: 2023-09-12Exp: 2028-09-12→ Common Stock, no par value (450,000 underlying) - 3,375
Warrant (right to buy)
Exercise: $9.80Exp: 2024-11-29→ Common Stock, no par value (3,375 underlying) - 19,827
Warrant (right to buy)
Exercise: $9.80Exp: 2024-12-22→ Common Stock, no par value (19,827 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) - 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) - 150,000
Stock Option (right to buy)
Exercise: $3.00From: 2017-06-30Exp: 2027-04-19→ Common Stock, no par value (150,000 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)
Footnotes (5)
- [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 $3.00 per share.
- [F3]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.
- [F4]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.
- [F5]Includes 230,000 restricted stock units, which will vest as follows, subject to continued employment through the vesting date: 200,000 in four semi-annual installments of 50,000 beginning on March 12, 2025 and 30,000 on March 12, 2027.
Documents
Issuer
SKYX Platforms Corp.
CIK 0001598981
Entity typeother
Related Parties
1- filerCIK 0000923890
Filing Metadata
- Form type
- 4
- Filed
- Sep 12, 8:00 PM ET
- Accepted
- Sep 13, 6:03 PM ET
- Size
- 22.5 KB