Schmidt Steven Mark 4

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.