0001493152-22-003670.txt : 20220209 0001493152-22-003670.hdr.sgml : 20220209 20220209204649 ACCESSION NUMBER: 0001493152-22-003670 CONFORMED SUBMISSION TYPE: 3 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20220209 FILED AS OF DATE: 20220209 DATE AS OF CHANGE: 20220209 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Kohen Ran Roland CENTRAL INDEX KEY: 0001634483 FILING VALUES: FORM TYPE: 3 SEC ACT: 1934 Act SEC FILE NUMBER: 001-41276 FILM NUMBER: 22609220 MAIL ADDRESS: STREET 1: 20735 NE 32 PL CITY: AVENTURA STATE: FL ZIP: 33180 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: SQL Technologies Corp. CENTRAL INDEX KEY: 0001598981 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC LIGHTING & WIRING EQUIPMENT [3640] IRS NUMBER: 463645414 STATE OF INCORPORATION: FL FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 11030 JONES BRIDGE ROAD STREET 2: SUITE 206 CITY: JOHNS CREEK STATE: GA ZIP: 30022 BUSINESS PHONE: 770-754-4711 MAIL ADDRESS: STREET 1: 11030 JONES BRIDGE ROAD STREET 2: SUITE 206 CITY: JOHNS CREEK STATE: GA ZIP: 30022 FORMER COMPANY: FORMER CONFORMED NAME: Safety Quick Lighting & Fans Corp. DATE OF NAME CHANGE: 20140203 3 1 ownership.xml X0206 3 2022-02-09 0 0001598981 SQL Technologies Corp. SKYX 0001634483 Kohen Ran Roland C/O SQL TECHNOLOGIES CORP. 11030 JONES BRIDGE ROAD, SUITE 206 JOHNS CREEK GA 30022 1 1 1 0 Executive Chairman Common Stock, no par value 9143969 I By KRNB Holdings LLC Common Stock, no par value 100000 I By Family Stock Option (right to buy) 0.60 2017-11-15 2025-11-15 Common Stock, no par value 1000000 D Stock Option (right to buy) 6.00 2024-09-01 Common Stock, no par value 1140000 D Stock Option (right to buy) 12.00 2027-01-01 Common Stock, no par value 1140000 D Stock Option (right to buy) 3.00 Common Stock, no par value 1500000 D Stock Option (right to buy) 4.00 Common Stock, no par value 1500000 D Stock Option (right to buy) 5.00 Common Stock, no par value 1000000 D Stock Option (right to buy) 6.00 Common Stock, no par value 2000000 D Stock Option (right to buy) 7.00 Common Stock, no par value 2000000 D Stock Option (right to buy) 8.00 Common Stock, no par value 2000000 D Stock Option (right to buy) 12.00 2027-01-01 Common Stock, no par value 10000000 D These securities are owned by KRNB Holdings LLC, of which the reporting person is the sole owner and the manager. These options were granted on September 1, 2019 and vest as to 120,000 shares on January 1, 2020, with the remainder vesting in three equal annual installments of 340,000 shares beginning on the first anniversary of the date of grant, subject to continued service through the applicable vesting date. These options were granted on January 1, 2022 and vest as to 120,000 shares on January 1, 2023, with the remainder vesting in three equal annual installments of 340,000 shares beginning on the first anniversary of the date of grant, subject to continued service through the applicable vesting date. Pursuant to the chairman agreement, the reporting person was granted the following supplemental bonus options as it was determined that the applicable performance conditions had been satisfied: (i) options to purchase 1,500,000 shares of common stock at an exercise price of $3.00 per share; (ii) options to purchase 500,000 shares of common stock at an exercise price of $4.00 per share; and (iii) options to purchase 1,000,000 shares of common stock at an exercise price of $6.00 per share. These options were immediately exercisable and expire November 21, 2024. Pursuant to the chairman agreement, the reporting person has the following options as supplemental bonus compensation, subject to the issuer achieving the specified market capitalization: (i) options to purchase 500,000 shares of common stock at $4.00 per share, upon the issuer achieving each of the following market capitalizations: $1.5 billion and $2.0 billion; (ii) options to purchase 500,000 shares of common stock at $5.00 per share, upon the issuer achieving each of the following market capitalizations: $2.5 billion and $3.0 billion; (iii) options to purchase 500,000 shares of common stock at an exercise price of $6.00 per share, upon the issuer achieving each of the following market capitalizations: $1.5 billion and $2.0 billion; (continued) (iv) options to purchase 500,000 shares of common stock at an exercise price of $7.00 per share, upon the issuer achieving each of the following market capitalizations: $3.0 billion, $4.0 billion, $5.0 billion and $6.0 billion; and (v) options to purchase 500,000 shares of common stock at an exercise price of $8.00 per share, upon the issuer achieving each of the following market capitalizations: $7.0 billion, $8.0 billion, $9.0 billion and $10.0 billion. Options are subject to continued service through the applicable vesting date Pursuant to the chairman agreement, in the event the issuer achieves a $10.0 billion valuation, for each valuation increase of $1.0 billion up to $30.0 billion, the reporting person has options to purchase 500,000 shares at an exercise price of $12.00 per share. Options are subject to continued service through the applicable vesting date. /s/ Ran Roland Kohen 2022-02-09