SKYX Platforms (SKYX) President Steven Schmidt Withholds Shares for Taxes

What Happened

• Steven Mark Schmidt, President of SKYX Platforms Corp. (SKYX), had 5,930 shares withheld by the issuer to satisfy tax withholding obligations related to vested equity. The withholding was recorded as a disposition (transaction code F) on 2026-09-30 at $1.15 per share, totaling $6,819. This is a tax-withholding/cashless share withholding transaction rather than an open-market sale.

Key Details

• Transaction date and price: 2026-09-30; 5,930 shares @ $1.15 per share; total value $6,819.
• Transaction code: F (payment of exercise price or tax liability — here, shares withheld to cover taxes).
• Shares owned after transaction: not specified in the provided summary.
• Filing timeliness: Reported on 2026-09-30 (period of report 2026-09-30) — no late filing indicated in the provided data.
• Notable footnotes in the filing:
  • F1: Reporting person elected to satisfy tax withholding by having the issuer withhold shares issuable upon vesting of RSUs.
  • F2–F3: Notes on option exercisability and vesting schedules (some options fully exercisable; other option tranches vest quarterly).
  • F4: Description of Series A-1 Preferred Stock conversion terms.
  • F5: Additional RSUs (80,000) that vest in quarterly installments beginning Dec 31, 2026.

Context

• This was a routine tax-withholding event (cashless share withholding) tied to vested awards and is generally a procedural disposition rather than a market sale that signals a change in insider sentiment. For derivative items noted in the filing, the footnotes explain vesting schedules and conversion features — for example, some options are fully exercisable and other awards vest over time.