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Sokolow Leonard J – ‘4’ for 3/12/24 re: SKYX Platforms Corp.

On:  Thursday, 3/14/24, at 6:37pm ET   ·   For:  3/12/24   ·   As:  Director and Officer   ·   Accession #:  1493152-24-9995   ·   File #:  1-41276

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 3/14/24  Sokolow Leonard J                 4          Dir.,Off.   1:17K  SKYX Platforms Corp.              M2 Compliance LLC/FA

Statement of Changes in Beneficial Ownership of Securities by an Insider   —   Form 4   —   SEA’34

Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 4           Statement of Changes in Beneficial Ownership of     HTML     17K 
                Securities by an Insider -- ownership.xml/5.8


        

This ‘4’ Document is an XML Data File that may be rendered in various formats:

  Form 4    –   Plain Text   –  SEC Website  –  EDGAR System  –    XML Data    –  <?xml?> File
 
 
SEC Info℠ rendering:  Statement of Changes in Beneficial Ownership of Securities by an Insider
 

The SEC has not released XSLT Stylesheets needed to render this File’s XML Data as a Form.

This is our “Plain Text” rendering:
 
                                                                                                                                                                                
Ownership Document
 
Schema Version:  X0508
Document Type:  4
Period of Report:  3/12/24
Not Subject to Section 16:  0
Issuer:
Issuer CIK:  1598981
Issuer Name:  SKYX Platforms Corp.
Issuer Trading Symbol:  SKYX
Reporting Owner:
Reporting Owner ID:
Owner CIK:  923890
Owner Name:  SOKOLOW LEONARD J
Reporting Owner Address:
Owner Street 1:  C/O SKYX PLATFORMS CORP.
Owner Street 2:  2855 W. MCNAB ROAD
Owner City:  POMPANO BEACH
Owner State:  FL
Owner ZIP Code:  33069
Owner State Description:
Reporting Owner Relationship:
Is Director?  Yes
Is Officer?  Yes
Is Ten Percent Owner?  No
Is Other?  No
Officer Title:  Co-Chief Executive Officer
Other Text:
Aff 10b5 One:  0
Non-Derivative Table:
Non-Derivative Transaction:
Security Title:
Value:  Common Stock, no par value
Transaction Date:
Value:  3/12/24
Deemed Execution Date:
Transaction Coding:
Transaction Form Type:  4
Transaction Code:  F
Equity Swap Involved?  No
Transaction Timeliness:
Transaction Amounts:
Transaction Shares:
Value:  22,325
Footnote ID:  F8
Transaction Price Per Share:
Value:  1.28
Transaction Acquired-Disposed Code:
Value:  D
Post-Transaction Amounts:
Shares Owned Following Transaction:
Value:  759,220
Footnote ID:  F6
Footnote ID:  F7
Ownership Nature:
Direct or Indirect Ownership:
Value:  D
Derivative Table:
Derivative Holding:
Security Title:
Value:  Stock Option (right to buy)
Conversion or Exercise Price:
Value:  0.6
Exercise Date:
Value:  11/15/15
Expiration Date:
Value:  11/15/25
Underlying Security:
Underlying Security Title:
Value:  Common Stock, no par value
Underlying Security Shares:
Value:  150,000
Post-Transaction Amounts:
Shares Owned Following Transaction:
Value:  150,000
Ownership Nature:
Direct or Indirect Ownership:
Value:  D
Derivative Holding:
Security Title:
Value:  Stock Option (right to buy)
Conversion or Exercise Price:
Value:  3
Exercise Date:
Value:  6/30/17
Expiration Date:
Value:  4/19/27
Underlying Security:
Underlying Security Title:
Value:  Common Stock, no par value
Underlying Security Shares:
Value:  150,000
Post-Transaction Amounts:
Shares Owned Following Transaction:
Value:  150,000
Ownership Nature:
Direct or Indirect Ownership:
Value:  D
Derivative Holding:
Security Title:
Value:  Stock Option (right to buy)
Conversion or Exercise Price:
Value:  4
Exercise Date:
Value:  12/31/17
Expiration Date:
Value:  4/19/27
Underlying Security:
Underlying Security Title:
Value:  Common Stock, no par value
Underlying Security Shares:
Value:  150,000
Post-Transaction Amounts:
Shares Owned Following Transaction:
Value:  150,000
Ownership Nature:
Direct or Indirect Ownership:
Value:  D
Derivative Holding:
Security Title:
Value:  Stock Option (right to buy)
Conversion or Exercise Price:
Value:  12
Exercise Date:
Value:  1/1/20
Expiration Date:
Value:  1/1/25
Underlying Security:
Underlying Security Title:
Value:  Common Stock, no par value
Underlying Security Shares:
Value:  100,000
Post-Transaction Amounts:
Shares Owned Following Transaction:
Value:  100,000
Ownership Nature:
Direct or Indirect Ownership:
Value:  D
Derivative Holding:
Security Title:
Value:  Stock Option (right to buy)
Conversion or Exercise Price:
Value:  12
Exercise Date:
Value:  12/31/20
Expiration Date:
Value:  12/31/25
Underlying Security:
Underlying Security Title:
Value:  Common Stock, no par value
Underlying Security Shares:
Value:  100,000
Post-Transaction Amounts:
Shares Owned Following Transaction:
Value:  100,000
Ownership Nature:
Direct or Indirect Ownership:
Value:  D
Derivative Holding:
Security Title:
Value:  Stock Option (right to buy)
Conversion or Exercise Price:
Value:  12
Exercise Date:
Value:  12/31/21
Expiration Date:
Value:  12/31/26
Underlying Security:
Underlying Security Title:
Value:  Common Stock, no par value
Underlying Security Shares:
Value:  100,000
Post-Transaction Amounts:
Shares Owned Following Transaction:
Value:  100,000
Ownership Nature:
Direct or Indirect Ownership:
Value:  D
Derivative Holding:
Security Title:
Value:  Stock Option (right to buy)
Conversion or Exercise Price:
Value:  12.34
Exercise Date:
Value:  3/31/22
Expiration Date:
Value:  3/11/27
Underlying Security:
Underlying Security Title:
Value:  Common Stock, no par value
Underlying Security Shares:
Value:  17,500
Post-Transaction Amounts:
Shares Owned Following Transaction:
Value:  17,500
Ownership Nature:
Direct or Indirect Ownership:
Value:  D
Derivative Holding:
Security Title:
Value:  Stock Option (right to buy)
Conversion or Exercise Price:
Value:  3.28
Exercise Date:
Value:  4/30/23
Footnote ID:  F4
Expiration Date:
Value:  4/5/28
Underlying Security:
Underlying Security Title:
Value:  Common Stock, no par value
Underlying Security Shares:
Value:  17,500
Post-Transaction Amounts:
Shares Owned Following Transaction:
Value:  17,500
Ownership Nature:
Direct or Indirect Ownership:
Value:  D
Derivative Holding:
Security Title:
Value:  Stock Option (right to buy)
Conversion or Exercise Price:
Value:  1.58
Exercise Date:
Value:  9/12/23
Footnote ID:  F5
Expiration Date:
Value:  9/12/28
Underlying Security:
Underlying Security Title:
Value:  Common Stock, no par value
Underlying Security Shares:
Value:  450,000
Post-Transaction Amounts:
Shares Owned Following Transaction:
Value:  450,000
Ownership Nature:
Direct or Indirect Ownership:
Value:  D
Derivative Holding:
Security Title:
Value:  Warrant (right to buy)
Conversion or Exercise Price:
Value:  9.8
Exercise Date:
Footnote ID:  F1
Expiration Date:
Value:  10/26/24
Underlying Security:
Underlying Security Title:
Value:  Common Stock, no par value
Underlying Security Shares:
Value:  1,088
Post-Transaction Amounts:
Shares Owned Following Transaction:
Value:  1,088
Ownership Nature:
Direct or Indirect Ownership:
Value:  D
Derivative Holding:
Security Title:
Value:  Warrant (right to buy)
Conversion or Exercise Price:
Value:  9.8
Exercise Date:
Footnote ID:  F1
Expiration Date:
Value:  11/29/24
Underlying Security:
Underlying Security Title:
Value:  Common Stock, no par value
Underlying Security Shares:
Value:  3,375
Post-Transaction Amounts:
Shares Owned Following Transaction:
Value:  3,375
Ownership Nature:
Direct or Indirect Ownership:
Value:  D
Derivative Holding:
Security Title:
Value:  Warrant (right to buy)
Conversion or Exercise Price:
Value:  9.8
Exercise Date:
Footnote ID:  F1
Expiration Date:
Value:  12/22/24
Underlying Security:
Underlying Security Title:
Value:  Common Stock, no par value
Underlying Security Shares:
Value:  19,827
Post-Transaction Amounts:
Shares Owned Following Transaction:
Value:  19,827
Ownership Nature:
Direct or Indirect Ownership:
Value:  D
Derivative Holding:
Security Title:
Value:  6.0% Subordinated Convertible Promissory Note
Conversion or Exercise Price:
Value:  15
Exercise Date:
Footnote ID:  F2
Expiration Date:
Value:  9/22/23
Underlying Security:
Underlying Security Title:
Value:  Common Stock, no par value
Underlying Security Value:
Value:  250,000
Footnote ID:  F3
Post-Transaction Amounts:
Value Owned Following Transaction:
Value:  250,000
Footnote ID:  F3
Ownership Nature:
Direct or Indirect Ownership:
Value:  D
Footnotes:
Footnote - F1:  Exercisable at any time on or prior to the expiration date at the holder's discretion at the adjusted exercise price of $9.80 per share, subject to adjustment provisions (including certain anti-dilution provisions).
Footnote - F2:  The principal amount, plus any accrued and unpaid interest, is convertible into shares of common stock at any time on or prior to the maturity date at the holder's discretion at the conversion price of $15.00 per share.
Footnote - F3:  Represents the principal amount of the convertible note and excludes interest that may accrue. Interest on the note is payable annually, in cash or common stock, at the holder's discretion.
Footnote - F4:  Options vest in twelve equal monthly installments, beginning on the last day of the month in which the options were granted.
Footnote - F5:  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.
Footnote - F6:  Includes 10,084 restricted shares granted in consideration for services to be provided to the issuer pursuant to a corporate advisory agreement between the issuer and Newbridge Securities Corporation dated November 9, 2022. The restricted shares vest on the following schedule: one quarter of the shares on each of November 9, 2022 and the six-, 12- and 18-month anniversaries of such date. If the agreement is terminated prior to its expiration, any shares that have not vested as of such date will be forfeited.
Footnote - F7:  Includes 280,000 restricted stock units ("RSUs"), which will vest as follows, subject to continued employment through the vesting date: 250,000 vest in five semi-annual installments of 50,000 beginning on September 12, 2024 and 30,000 vest on March 12, 2027.
Footnote - F8:  The reporting person has elected to satisfy his tax withholding obligation in connection with the vesting of RSUs by directing the issuer to withhold shares otherwise issuable upon vesting of the grant.
Owner Signature:
Signature Name:  /s/ Leonard J. Sokolow
Signature Date:  3/14/24


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