SKYX CEO Leonard Sokolow Withholds 19,673 Shares for Taxes

What Happened

• Leonard J. Sokolow, CEO of SKYX Platforms Corp. (SKYX), had 19,673 shares withheld/disposed to satisfy tax withholding obligations tied to equity compensation. The shares were valued at $1.35 each, totaling $26,559.
• This was a withholding to cover taxes (transaction code F), not an open-market sale or discretionary cash sale by the insider.

Key Details

• Transaction date: September 12, 2026; Filing date: September 14, 2026 (filed two days later).
• Price: $1.35 per share; Shares withheld/disposed: 19,673; Total value: $26,559.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Relevant footnote: F9 — the reporting person elected to satisfy tax withholding obligations by directing the issuer to withhold shares otherwise issuable upon vesting.
• Filing timeliness: Filing occurred on 2026-09-14 for a 2026-09-12 transaction (appears timely based on typical Form 4 rules).

Context

• This was a tax-withholding event (code F), commonly used when restricted stock units or other equity awards vest. Withheld shares are used to cover tax obligations and do not necessarily indicate the insider is reducing their overall stake by choice.
• Such withholdings are routine and usually less informative about the insider’s view of the company compared with purchases or open-market sales.