Schmidt Steven Mark 4

4 · SKYX Platforms Corp. · Filed Apr 2, 2026

AI-generated summary of this filing

Updated Apr 2, 2026

SKYX Platforms President Steven Schmidt Withholds 5,930 Shares for Taxes

What Happened

Steven Mark Schmidt, President of SKYX Platforms Corp. (SKYX), directed the company to withhold 5,930 shares to satisfy tax withholding obligations related to vested restricted stock units (RSUs). The shares were withheld at $1.12 per share for a total value of $6,642. This was a withholding-for-taxes disposition (not an open-market sale).

Key Details

Transaction date: 2026-03-31; Filing date: 2026-04-02 (filed within the typical two-business-day window).
Price per share: $1.12; Shares withheld/disposed: 5,930; Total value: $6,642.
Shares owned after transaction: Not specified in the provided filing.
Relevant footnotes from the filing:
- F1: Reporting person elected to satisfy tax withholding by withholding shares issuable upon vesting of RSUs.
- F2–F5: Additional notes in the filing describe exercisability/vesting schedules for options, RSUs, and terms of a convertible preferred series (see filing for details).

Context

This was a routine tax-withholding action (cashless/withheld shares) tied to RSU vesting and should not be conflated with an open-market sale indicating directional insider sentiment. For derivative transactions in this filing, footnotes explain vesting schedules and convertible preferred terms; read the filing for full detail.

Form 4

Period: 2026-03-31

President

Transactions

Tax Payment
Common Stock, no par value
[F1][F5]
2026-03-31$1.12/sh−5,930$6,642→ 457,734 total

Holdings

Stock Option (right to buy)
[F2]
Exercise: $12.00Exp: 2026-06-01→ Common Stock, no par value (100,000 underlying)
100,000
Stock Option (right to buy)
[F3]
Exercise: $0.90From: 2024-12-20Exp: 2029-09-15→ Common Stock, no par value (250,000 underlying)
250,000
Stock Option (right to buy)
[F2]
Exercise: $1.09From: 2025-01-01Exp: 2029-12-15→ Common Stock, no par value (100,000 underlying)
100,000
Series A-1 Preferred Stock
[F4]
→ Common Stock, no par value (416,667 underlying)
20,000

Footnotes (5)

[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]Fully exercisable.
[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]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.
[F5]Includes 120,000 RSUs, which vest in equal quarterly installments of 20,000 beginning June 30, 2026, subject to continued employment through the vesting date.

Signature

/s/ Marc-Andre Boisseau for Steven Mark Schmidt by Power of Attorney|2026-04-02

1 file