4//SEC Filing
Schmidt Steven Mark 4
Accession 0001493152-25-016537
CIK 0001598981other
Filed
Sep 30, 8:00 PM ET
Accepted
Oct 1, 4:15 PM ET
Size
11.8 KB
Accession
0001493152-25-016537
Insider Transaction Report
Form 4
Schmidt Steven Mark
President
Transactions
- Tax Payment
Common Stock, no par value
2025-09-30$1.12/sh−5,930$6,642→ 484,418 total
Holdings
- 100,000
Stock Option (right to buy)
Exercise: $1.09From: 2025-01-01Exp: 2029-12-15→ Common Stock, no par value (100,000 underlying) - 100,000
Stock Option (right to buy)
Exercise: $12.00Exp: 2026-06-01→ Common Stock, no par value (100,000 underlying) - 250,000
Stock Option (right to buy)
Exercise: $0.90From: 2024-12-20Exp: 2029-09-15→ Common Stock, no par value (250,000 underlying) - 20,000
Series A-1 Preferred Stock
→ Common Stock, no par value (416,667 underlying)
Footnotes (6)
- [F1]The reporting person has elected to satisfy his tax withholding obligations in connection with the vesting of restricted stock units ("RSUs") by directing the issuer to withhold shares otherwise issuable upon vesting of the grants.
- [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.
- [F3]These options vest as follows, subject to continued employment through the vesting date: 10,000 vested 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]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 adjusted conversion price of $1.20 per share (or approximately 20.83 shares of common stock for each share of Preferred Stock). 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 210,000 RSUs, which vest as follows, subject to continued employment through the vesting date: (i) 160,000 vest in equal quarterly installments of 20,000 beginning December 31, 2025, and (ii) 50,000 vest on January 1, 2026.
Documents
Issuer
SKYX Platforms Corp.
CIK 0001598981
Entity typeother
Related Parties
1- filerCIK 0001324561
Filing Metadata
- Form type
- 4
- Filed
- Sep 30, 8:00 PM ET
- Accepted
- Oct 1, 4:15 PM ET
- Size
- 11.8 KB