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4//SEC Filing

SOKOLOW LEONARD J 4

Accession 0001493152-24-039662

CIK 0001598981other
View on SEC.govCompany Profile

Filed

Oct 6, 8:00 PM ET

Accepted

Oct 7, 9:28 AM ET

Size

24.6 KB

Accession

0001493152-24-039662

Insider Transaction Report

Form 4
Period: 2024-10-04
SKYX Platforms Corp.SKYX
SOKOLOW LEONARD J
DirectorChief Executive Officer
Transactions
  • Purchase

    Series A-1 Preferred Stock

    2024-10-04$25.00/sh+10,000$250,000→ 10,000 total
    → Common Stock, no par value (125,000 underlying)
Holdings

  • 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: $12.00From: 2021-12-31Exp: 2026-12-31→ Common Stock, no par value (100,000 underlying)
    100,000

  • Stock Option (right to buy)

    Exercise: $12.34From: 2022-03-31Exp: 2027-03-11→ Common Stock, no par value (17,500 underlying)
    17,500

  • Warrant (right to buy)

    Exercise: $9.80Exp: 2024-10-26→ Common Stock, no par value (1,088 underlying)
    1,088

  • Stock Option (right to buy)

    Exercise: $0.60From: 2015-11-15Exp: 2025-11-15→ Common Stock, no par value (150,000 underlying)
    150,000

  • Common Stock, no par value

    741,220

  • Stock Option (right to buy)

    Exercise: $1.58From: 2023-09-12Exp: 2028-09-12→ Common Stock, no par value (450,000 underlying)
    450,000

  • Stock Option (right to buy)

    Exercise: $4.00From: 2017-12-31Exp: 2027-04-19→ Common Stock, no par value (150,000 underlying)
    150,000

  • 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)
    100,000

  • Subordinated Convertible Promissory Note

    Exercise: $3.00Exp: 2025-05-16→ Common Stock, no par value

  • Stock Option (right to buy)

    Exercise: $3.28From: 2023-04-30Exp: 2028-04-05→ Common Stock, no par value (17,500 underlying)
    17,500

  • Warrant (right to buy)

    Exercise: $9.80Exp: 2024-12-22→ Common Stock, no par value (19,827 underlying)
    19,827

  • Warrant (right to buy)

    Exercise: $9.80Exp: 2024-11-29→ Common Stock, no par value (3,375 underlying)
    3,375
Footnotes (6)
  • [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]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.
  • [F6]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

1 file

Issuer

SKYX Platforms Corp.

CIK 0001598981

→
Entity typeother

Related Parties

1
  • filerCIK 0000923890

Filing Metadata

Form type
4
Filed
Oct 6, 8:00 PM ET
Accepted
Oct 7, 9:28 AM ET
Size
24.6 KB
View on SEC.gov