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