4//SEC Filing
Schmidt Steven Mark 4
Accession 0001493152-24-050422
CIK 0001598981other
Filed
Dec 16, 7:00 PM ET
Accepted
Dec 17, 4:34 PM ET
Size
15.8 KB
Accession
0001493152-24-050422
Insider Transaction Report
Form 4
Schmidt Steven Mark
President
Transactions
- Award
Common Stock, no par value
2024-09-15+250,000→ 422,957 total - Award
Common Stock, no par value
2024-12-15+100,000→ 522,957 total - Award
Stock Option (right to buy)
2024-12-15+100,000→ 100,000 totalExercise: $1.09From: 2025-01-01Exp: 2029-12-15→ Common Stock, no par value (100,000 underlying) - Award
Stock Option (right to buy)
2024-09-15+250,000→ 250,000 totalExercise: $0.90From: 2024-12-20Exp: 2029-09-15→ Common Stock, no par value (250,000 underlying)
Holdings
- 20,000
Series A-1 Preferred Stock
→ Common Stock, no par value (250,000 underlying) - 100,000
Stock Option (right to buy)
Exercise: $12.00Exp: 2026-06-01→ Common Stock, no par value (100,000 underlying)
Footnotes (7)
- [F1]Represents a grant of restricted stock units ("RSUs"). Each RSU represents a contingent right to receive one share of the issuer's common stock. The RSUs vest as follows, subject to continued employment through the vesting date: 10,000 vest on December 20, 2024, and the remaining 240,000 vest in equal quarterly installments of 20,000 beginning December 31, 2024.
- [F2]Represents a grant of RSUs. Each RSU represents a contingent right to receive one share of the issuer's common stock. The RSUs vest in two equal annual installments beginning on January 1, 2025, subject to continued employment through the vesting date.
- [F3]These options vest as follows, subject to continued employment through the vesting date: 10,000 vest on December 20, 2024, and the remaining 240,000 vest in equal quarterly installments of 20,000 beginning December 31, 2024.
- [F4]These options vest in two equal annual installments, beginning on January 1, 2025, subject to continued employment through the vesting date.
- [F5]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.
- [F6]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.
- [F7]Includes 350,000 RSUs, which vest as follows, subject to continued employment through the vesting date: (i) 10,000 vest on December 20, 2024; (ii) 240,000 vest in equal quarterly installments of 20,000 beginning December 31, 2024, and (ii) 100,000 vest in two equal installments on each of January 1, 2025 and 2026.
Documents
Issuer
SKYX Platforms Corp.
CIK 0001598981
Entity typeother
Related Parties
1- filerCIK 0001324561
Filing Metadata
- Form type
- 4
- Filed
- Dec 16, 7:00 PM ET
- Accepted
- Dec 17, 4:34 PM ET
- Size
- 15.8 KB