0001493152-22-016014.txt : 20220606
0001493152-22-016014.hdr.sgml : 20220606
20220606202602
ACCESSION NUMBER: 0001493152-22-016014
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20220606
FILED AS OF DATE: 20220606
DATE AS OF CHANGE: 20220606
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Kohen Ran Roland
CENTRAL INDEX KEY: 0001634483
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-41276
FILM NUMBER: 22999593
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: 2855 W. MCNAB ROAD
CITY: POMPANO BEACH
STATE: FL
ZIP: 33069
BUSINESS PHONE: (855) 759-7584
MAIL ADDRESS:
STREET 1: 2855 W. MCNAB ROAD
CITY: POMPANO BEACH
STATE: FL
ZIP: 33069
FORMER COMPANY:
FORMER CONFORMED NAME: Safety Quick Lighting & Fans Corp.
DATE OF NAME CHANGE: 20140203
4
1
ownership.xml
X0306
4
2022-06-06
0
0001598981
SQL Technologies Corp.
SKYX
0001634483
Kohen Ran Roland
C/O SQL TECHNOLOGIES CORP.
2855 W. MCNAB ROAD
POMPANO BEACH
FL
33069
1
1
1
0
Executive Chairman
Common Stock, no par value
2022-06-06
4
P
0
5000
2.941
A
10001
D
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)
0.6
2017-11-15
2025-11-15
Common Stock, no par value
1000000
1000000
D
Stock Option (right to buy)
6
2024-09-01
Common Stock, no par value
1140000
1140000
D
Stock Option (right to buy)
12
2027-01-01
Common Stock, no par value
1140000
1140000
D
Stock Option (right to buy)
3
Common Stock, no par value
1500000
1500000
D
Stock Option (right to buy)
4
Common Stock, no par value
1500000
1500000
D
Stock Option (right to buy)
5
Common Stock, no par value
1000000
1000000
D
Stock Option (right to buy)
6
Common Stock, no par value
2000000
2000000
D
Stock Option (right to buy)
7
Common Stock, no par value
2000000
2000000
D
Stock Option (right to buy)
8
Common Stock, no par value
2000000
2000000
D
Stock Option (right to buy)
12
2027-01-01
Common Stock, no par value
10000000
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.
The price reported represents a weighted average price. These shares were purchased in multiple transactions at prices ranging from $2.62 and $3.05 per share. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price.
/s/ Ran Roland Kohen
2022-06-06