Schmidt Steven Mark 4

4 · SKYX Platforms Corp. · Filed Jun 30, 2026

AI-generated summary of this filing

Updated Jun 30, 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 his tax withholding obligation associated with vested restricted stock units (RSUs). The shares were recorded at $1.03 each, for a total withholding value of $6,108. This transaction is reported as a disposition via tax withholding (transaction code F), not a market sale.

Key Details

Transaction date: 2026-06-30; Price: $1.03 per share; Shares withheld/disposed: 5,930; Total value: $6,108.
Transaction type: F — payment of tax liability by withholding shares (cashless/withholding), not an open-market sale.
Footnote F1: Reporting person elected to satisfy tax withholding by instructing the issuer to withhold shares otherwise issuable upon RSU vesting.
Other footnotes in the filing: F2 indicates certain options are fully exercisable; F3 and F5 describe option and RSU vesting schedules; F4 describes convertible Series A-1 preferred stock terms. These provide context on the insider’s equity but are not part of this withholding transaction.
Shares owned after the transaction are not specified in the provided details.
Filing date: 2026-06-30 (reporting period same day), indicating the Form 4 was filed to report the 6/30/2026 transaction.

Context

Withholding of shares to cover taxes on vested RSUs is a routine administrative disposition and does not necessarily signal the insider’s view on the company’s stock. For retail investors, outright purchases by insiders are generally more informative about sentiment than tax-withholding dispositions.

Form 4

Period: 2026-06-30

President

Transactions

Tax Payment
Common Stock, no par value
[F1][F5]
2026-06-30$1.03/sh−5,930$6,108→ 451,804 total

Holdings

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 100,000 RSUs, which vest in equal quarterly installments of 20,000 beginning September 30, 2026, subject to continued employment through the vesting date.

Signature

/s/ Marc-Andre Boisseau for Steven Mark Schmidt by Power of Attorney|2026-06-30

1 file