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SKYX Platforms Corp.·4

Jun 17, 7:35 PM ET

SOKOLOW LEONARD J 4

4 · SKYX Platforms Corp. · Filed Jun 17, 2026

Research Summary

AI-generated summary of this filing

Updated

SKYX CEO Leonard Sokolow Receives 100,000 Share Awards

What Happened

  • Leonard J. Sokolow, CEO of SKYX Platforms Corp. (SKYX), was credited with two awards on June 14, 2026: one award of 50,000 shares and a second 50,000-share derivative award (total 100,000). Both awards are reported at $0.00 acquisition price (no cash paid).
  • To satisfy tax withholding on vesting, 4,919 shares were treated as disposed/withheld at $1.06 per share, totaling $5,214.

Key Details

  • Transaction dates and prices: awards dated 2026-06-14 (acquired at $0.00); tax withholding/disposition of 4,919 shares at $1.06 per share (total $5,214).
  • Shares owned after transaction: not specified in this Form 4 filing.
  • Relevant footnotes: F8 indicates the 50,000 RSU award vests in four equal installments (12,500 each) with one installment on June 14, 2026 (consistent with this vesting); F11 describes the derivative award vesting schedule (four equal installments of 12,500, including June 14, 2026); F9 confirms the reporting person elected to satisfy tax withholding by directing the issuer to withhold shares.
  • Filing timeliness: Form 4 was filed on 2026-06-17 for transactions on 2026-06-14; this appears to be within the typical two-business-day reporting window.

Context

  • These entries reflect awards/vestings (not open-market purchases or sales for investment). The small disposition (4,919 shares) is a tax-withholding action tied to the vesting, not an independent sale indicating sentiment.
  • The awards are reported at $0.00 acquisition price because they are compensation (RSUs/derivative awards); no cash outlay is shown.

Insider Transaction Report

Form 4
Period: 2026-06-14
SKYX Platforms Corp.SKYX
SOKOLOW LEONARD J
DirectorChief Executive Officer
Transactions
  • Award

    Common Stock, no par value

    [F8]
    2026-06-14+50,000→ 955,741 total
  • Tax Payment

    Common Stock, no par value

    [F9][F10]
    2026-06-14$1.06/sh−4,919$5,214→ 950,822 total
  • Award

    Stock Option (right to buy)

    [F11]
    2026-06-14+50,000→ 50,000 total
    Exercise: $1.06From: 2026-06-14Exp: 2031-06-14→ Common Stock, no par value (50,000 underlying)
Holdings

  • Stock Option (right to buy)

    [F3]
    Exercise: $3.00From: 2017-06-30Exp: 2027-04-19→ Common Stock, no par value (150,000 underlying)
    150,000

  • Stock Option (right to buy)

    [F3]
    Exercise: $4.00From: 2017-12-31Exp: 2027-04-19→ Common Stock, no par value (150,000 underlying)
    150,000

  • Stock Option (right to buy)

    [F3]
    Exercise: $12.00From: 2021-12-31Exp: 2026-12-31→ Common Stock, no par value (100,000 underlying)
    100,000

  • Stock Option (right to buy)

    [F3]
    Exercise: $12.34From: 2022-03-31Exp: 2027-03-11→ Common Stock, no par value (17,500 underlying)
    17,500

  • Stock Option (right to buy)

    [F3]
    Exercise: $3.28From: 2023-04-30Exp: 2028-04-05→ Common Stock, no par value (17,500 underlying)
    17,500

  • Stock Option (right to buy)

    [F4]
    Exercise: $1.58From: 2023-09-12Exp: 2028-09-12→ Common Stock, no par value (450,000 underlying)
    450,000

  • Stock Option (right to buy)

    [F5]
    Exercise: $1.26From: 2025-03-27Exp: 2030-03-27→ Common Stock, no par value (150,000 underlying)
    150,000

  • Stock Option (right to buy)

    [F6]
    Exercise: $2.15From: 2026-01-01Exp: 2030-12-15→ Common Stock, no par value (150,000 underlying)
    150,000

  • Subordinated Convertible Promissory Note

    [F1][F2]
    Exercise: $3.00Exp: 2025-05-16→ Common Stock, no par value

  • Series A-1 Preferred Stock

    [F7]
    → Common Stock, no par value (208,334 underlying)
    10,000
Footnotes (11)
  • [F1]The principal amount, plus any accrued and unpaid interest, is convertible into shares of common stock at the holder's discretion at the conversion price of $3.00 per share.
  • [F10]Includes 217,500 RSUs, which will vest as follows, subject to continued employment through the vesting date: (i) 80,000 RSUs, which will vest in one installment of 50,000 on September 12, 2026 and one installment of 30,000 on March 12, 2027; (ii) 100,000 RSUs, which will vest in two equal annual installments beginning on January 1, 2027; and (iii) 37,500 RSUs, which will vest in three equal annual installments beginning on June 1, 2027.
  • [F11]Options vest in four equal installments of 12,500 on June 14, 2026, June 1, 2027, June 1, 2028 and June 1, 2029, subject to continued employment through the vesting date.
  • [F2]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.
  • [F3]Fully exercisable.
  • [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]Options vest in three equal annual installments, beginning on March 27, 2025, the grant date, subject to continued employment through the vesting date.
  • [F6]Options vest in three equal annual installments, beginning on January 1, 2026, subject to continued employment through the vesting date.
  • [F7]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.
  • [F8]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 in four equal installments of 12,500 on June 14, 2026, June 1, 2027, June 1, 2028 and June 1, 2029, subject to continued employment through the vesting date.
  • [F9]The reporting person has elected to satisfy his tax withholding obligations in connection with the vesting of RSUs by directing the issuer to withhold shares otherwise issuable upon vesting of the grants.
Signature
/s/ Leonard J. Sokolow|2026-06-17

Documents

1 file
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    ownership.xmlPrimary

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