SEC Info - Sokolow Leonard J - ‘4’ for 9/12/22 re: SKYX Platforms Corp.

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

SOKOLOW LEONARD J

(Last)

(First)

(Middle)

C/O SKYX PLATFORMS CORP.

2855 W. MCNAB ROAD

(Street)

POMPANO BEACH

33069

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
SKYX Platforms Corp. [ SKYX ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
9/12/22

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock, no par value	9/12/22		J ⁽⁸⁾		317,656	D	⁽⁸⁾	0	I	By Bridge Line Ventures ⁽²⁾
Common Stock, no par value								331,202	D
Common Stock, no par value								3,600	I	By Newbridge Securities Corporation ⁽¹⁾

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Warrant (right to buy)	$9.8	9/12/22		J ⁽⁸⁾			214,957	⁽⁴⁾	6/30/24	Common Stock, no par value	214,957	⁽⁸⁾	0	I	By Bridge Line Ventures ⁽²⁾
Warrant (right to buy)	$9.8	9/12/22		J ⁽⁸⁾			16,667	⁽⁴⁾	8/31/24	Common Stock, no par value	16,667	⁽⁸⁾	0	I	By Bridge Line Ventures ⁽²⁾
Stock Option (right to buy)	$0.6							11/15/15	11/15/25	Common Stock, no par value	150,000		150,000	D
Stock Option (right to buy)	$3							6/30/17	4/19/27	Common Stock, no par value	150,000		150,000	D
Stock Option (right to buy)	$4							12/31/17	4/19/27	Common Stock, no par value	150,000		150,000	D
Stock Option (right to buy)	$3							1/1/18	1/1/23	Common Stock, no par value	100,000		100,000	D
Stock Option (right to buy)	$3							1/1/19	1/1/24	Common Stock, no par value	100,000		100,000	D
Stock Option (right to buy)	$12							1/1/20	1/1/25	Common Stock, no par value	100,000		100,000	D
Stock Option (right to buy)	$12							12/31/20	12/31/25	Common Stock, no par value	100,000		100,000	D
Stock Option (right to buy)	$12							12/31/21	12/31/26	Common Stock, no par value	100,000		100,000	D
Stock Option (right to buy)	$12.34							3/31/22 ⁽⁷⁾	3/11/27	Common Stock, no par value	17,500		17,500	D
Warrant (right to buy)	$12							⁽³⁾	12/31/23	Common Stock, no par value	4,469		4,469	D
Warrant (right to buy)	$9.8							⁽⁴⁾	10/26/24	Common Stock, no par value	1,088		1,088	D
Warrant (right to buy)	$9.8							⁽⁴⁾	11/29/24	Common Stock, no par value	3,375		3,375	D
Warrant (right to buy)	$9.8							⁽⁴⁾	12/22/24	Common Stock, no par value	19,827		19,827	D
Warrant (right to buy)	$12							⁽³⁾	12/31/23	Common Stock, no par value	5,674		5,674	I	By Newbridge Securities Corporation ⁽¹⁾
Warrant (right to buy)	$9.8							⁽⁴⁾	10/26/24	Common Stock, no par value	725		725	I	By Newbridge Securities Corporation ⁽¹⁾
Warrant (right to buy)	$9.8							⁽⁴⁾	11/29/24	Common Stock, no par value	2,250		2,250	I	By Newbridge Securities Corporation ⁽¹⁾
Warrant (right to buy)	$9.8							⁽⁴⁾	12/22/24	Common Stock, no par value	13,216		13,216	I	By Newbridge Securities Corporation ⁽¹⁾
6.0% Subordinated Convertible Promissory Note	$15							⁽⁵⁾	9/22/23	Common Stock, no par value	$250,000 ⁽⁶⁾		$250,000 ⁽⁶⁾	D

Explanation of Responses:

(1) These securities are owned by Newbridge Securities Corporation. The reporting person is the Chief Executive Officer and President of Newbridge Financial, Inc. and Chairman of Newbridge Securities Corporation, its broker dealer subsidiary.

(2) These securities are owned by Bridge Line Ventures, LLC Series ST-1 ("Bridge Line Ventures"). The reporting person is the Chief Executive Officer and President of Bridge Line Advisors, LLC, the manager of Bridge Line Ventures.

(3) Exercisable at any time on or prior to the expiration date at the holder's discretion at the initial exercise price of $12.00 per share, subject to adjustment provisions (including certain anti-dilution provisions).

(4) 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).

(5) 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.

(6) 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.

(7) Options vest in twelve equal monthly installments, beginning on the last day of the month in which the options were granted.

(8) Bridge Line Ventures distributed 317,656 shares of the issuer's common stock and warrants to purchase an aggregate of 231,624 shares of the issuer's common stock to its investors, pursuant to a pro rata distribution for no consideration. The reported transaction is exempt from Section 16.

	/s/ Leonard J. Sokolow	9/13/22
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

____________ Transaction Code:
J	Other acquisition or disposition.

Sokolow Leonard J – ‘4’ for 9/12/22 re: SKYX Platforms Corp.

On: Tuesday, 9/13/22, at 9:20am ET · For: 9/12/22 · As: Director · Accession #: 1493152-22-25685 · File #: 1-41276

Previous ‘4’: ‘4’ on 7/18/22 for 7/14/22 · Next: ‘4’ on 10/4/22 for 9/30/22 · Latest: ‘4’ on 4/1/24 for 3/29/24

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

Filing Table of Contents

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

Sokolow Leonard J – ‘4’ for 9/12/22 re: SKYX Platforms Corp.

On: Tuesday, 9/13/22, at 9:20am ET · For: 9/12/22 · As: Director · Accession #: 1493152-22-25685 · File #: 1-41276

Previous ‘4’: ‘4’ on 7/18/22 for 7/14/22 · Next: ‘4’ on 10/4/22 for 9/30/22 · Latest: ‘4’ on 4/1/24 for 3/29/24

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

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

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

Filing Table of Contents