4//SEC Filing
Schmidt Steven Mark 4
Accession 0001493152-24-039664
CIK 0001598981other
Filed
Oct 6, 8:00 PM ET
Accepted
Oct 7, 9:28 AM ET
Size
8.3 KB
Accession
0001493152-24-039664
Insider Transaction Report
Form 4
Schmidt Steven Mark
President
Transactions
- Purchase
Series A-1 Preferred Stock
2024-10-04$25.00/sh+20,000$500,000→ 20,000 total→ Common Stock, no par value (250,000 underlying)
Holdings
- 100,000
Stock Option (right to buy)
Exercise: $12.00Exp: 2026-06-01→ Common Stock, no par value (100,000 underlying) - 172,957
Common Stock, no par value
Footnotes (2)
- [F1]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.
- [F2]These options were granted on June 1, 2021 and vested in four equal annual installments of 25,000 shares beginning on the date of grant.
Documents
Issuer
SKYX Platforms Corp.
CIK 0001598981
Entity typeother
Related Parties
1- filerCIK 0001324561
Filing Metadata
- Form type
- 4
- Filed
- Oct 6, 8:00 PM ET
- Accepted
- Oct 7, 9:28 AM ET
- Size
- 8.3 KB