0001493152-23-032421.txt : 20230913 0001493152-23-032421.hdr.sgml : 20230913 20230913085025 ACCESSION NUMBER: 0001493152-23-032421 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20230912 FILED AS OF DATE: 20230913 DATE AS OF CHANGE: 20230913 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: SOKOLOW LEONARD J CENTRAL INDEX KEY: 0000923890 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-41276 FILM NUMBER: 231251685 MAIL ADDRESS: STREET 1: REGATTA OFFICE PARK, WINDWARD THREE STREET 2: 4TH FLOOR, WEST BAY ROAD, P.O. BOX 1114 CITY: GRAND CAYMAN STATE: E9 ZIP: E9 KY11102 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: SKYX Platforms 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: SQL Technologies Corp. DATE OF NAME CHANGE: 20160812 FORMER COMPANY: FORMER CONFORMED NAME: Safety Quick Lighting & Fans Corp. DATE OF NAME CHANGE: 20140203 4 1 ownership.xml X0508 4 2023-09-12 0 0001598981 SKYX Platforms Corp. SKYX 0000923890 SOKOLOW LEONARD J C/O SKYX PLATFORMS CORP. 2855 W. MCNAB ROAD POMPANO BEACH FL 33069 1 1 0 0 Co-Chief Executive Officer 0 Common Stock, no par value 2023-09-12 4 A 0 450000 0 A 829025 D Common Stock, no par value 2023-09-12 4 F 0 51613 1.64 D 777412 D Stock Option (right to buy) 1.58 2023-09-12 4 A 0 450000 0 A 2023-09-12 2028-09-12 Common Stock, no par value 450000 450000 D Stock Option (right to buy) 0.6 2015-11-15 2025-11-15 Common Stock, no par value 150000 150000 D Stock Option (right to buy) 3 2017-06-30 2027-04-19 Common Stock, no par value 150000 150000 D Stock Option (right to buy) 4 2017-12-31 2027-04-19 Common Stock, no par value 150000 150000 D Stock Option (right to buy) 3 2019-01-01 2024-01-01 Common Stock, no par value 100000 100000 D Stock Option (right to buy) 12 2020-01-01 2025-01-01 Common Stock, no par value 100000 100000 D Stock Option (right to buy) 12 2020-12-31 2025-12-31 Common Stock, no par value 100000 100000 D Stock Option (right to buy) 12 2021-12-31 2026-12-31 Common Stock, no par value 100000 100000 D Stock Option (right to buy) 12.34 2022-03-31 2027-03-11 Common Stock, no par value 17500 17500 D Stock Option (right to buy) 3.28 2023-04-30 2028-04-05 Common Stock, no par value 17500 17500 D Warrant (right to buy) 12 2023-12-31 Common Stock, no par value 4469 4469 D Warrant (right to buy) 9.8 2024-10-26 Common Stock, no par value 1088 1088 D Warrant (right to buy) 9.8 2024-11-29 Common Stock, no par value 3375 3375 D Warrant (right to buy) 9.8 2024-12-22 Common Stock, no par value 19827 19827 D 6.0% Subordinated Convertible Promissory Note 15 2023-09-22 Common Stock, no par value 250000 250000 D 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). 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). 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. 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. Options vest in twelve equal monthly installments, beginning on the last day of the month in which the options were granted. Represents a grant of restricted stock units ("RSUs"). Each RSU represents a contingent right to receive one share of the issuer's common stock. The RSUs 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. 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. 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. Includes 20,167 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. Includes 330,000 RSUs, which will vest as follows, subject to continued employment through the vesting date: 300,000 vest in six semi-annual installments of 50,000 beginning on March 12, 2024 and 30,000 vest on March 12, 2027. /s/ Leonard J. Sokolow 2023-09-13