4//SEC Filing
SOKOLOW LEONARD J 4
Accession 0001493152-25-028199
CIK 0001598981other
Filed
Dec 16, 7:00 PM ET
Accepted
Dec 17, 5:05 PM ET
Size
22.4 KB
Accession
0001493152-25-028199
Insider Transaction Report
Form 4
SOKOLOW LEONARD J
DirectorChief Executive Officer
Transactions
- Award
Common Stock, no par value
2025-12-15+150,000→ 948,941 total - Award
Stock Option (right to buy)
2025-12-15+150,000→ 150,000 totalExercise: $2.15From: 2026-01-01Exp: 2030-12-15→ Common Stock, no par value (150,000 underlying)
Holdings
- 150,000
Stock Option (right to buy)
Exercise: $3.00From: 2017-06-30Exp: 2027-04-19→ Common Stock, no par value (150,000 underlying) - 100,000
Stock Option (right to buy)
Exercise: $12.00From: 2020-12-31Exp: 2025-12-31→ Common Stock, no par value (100,000 underlying) - 17,500
Stock Option (right to buy)
Exercise: $12.34From: 2022-03-31Exp: 2027-03-11→ Common Stock, no par value (17,500 underlying) - 450,000
Stock Option (right to buy)
Exercise: $1.58From: 2023-09-12Exp: 2028-09-12→ Common Stock, no par value (450,000 underlying) Subordinated Convertible Promissory Note
Exercise: $3.00Exp: 2025-05-16→ Common Stock, no par value- 10,000
Series A-1 Preferred Stock
→ Common Stock, no par value (208,334 underlying)
Footnotes (8)
- [F1]The principal amount, plus any accrued and unpaid interest, is convertible into shares of common stock at the holder's discretion at the conversion price of $3.00 per share.
- [F2]Represents the principal amount of the convertible note and excludes interest that may accrue. Beginning January 1, 2024, the note accrues interest at a rate of 10.0% per annum, which is payable annually, in cash or common stock, at the holder's discretion. Prior to such date, the note accrued interest at a rate of 6.0% per annum.
- [F3]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.
- [F4]Options vest in three equal annual installments, beginning on March 27, 2025, the grant date, subject to continued employment through the vesting date.
- [F5]The Series A-1 Preferred Stock (the "Preferred Stock") has an original issue price of $25.00 per share and is convertible at any time, at the holder's option, into shares of the issuer's common stock at an adjusted conversion price of $1.20 per share (or approximately 20.83 shares of common stock for each share of Preferred Stock). Until October 4, 2026, the Preferred Stock is subject to mandatory conversion by the issuer upon the occurrence of certain specified events. In addition, the issuer may redeem the Preferred Stock for cash upon the occurrence of certain events or at any time beginning October 4, 2027. The Preferred Stock has no expiration date.
- [F6]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 in three equal annual installments of 50,000 beginning on January 1, 2026, subject to continued employment through the vesting date.
- [F7]Includes 280,000 RSUs, which will vest as follows, subject to continued employment through the vesting date: (i) 130,000 RSUs, which will vest in two semi-annual installments of 50,000 beginning on March 12, 2026 and one installment of 30,000 on March 12, 2027, and (ii) 150,000 RSUs, which will vest in three equal annual installments beginning on January 1, 2026.
- [F8]Options vest in three equal annual installments of 50,000 beginning on January 1, 2026, subject to continued employment through the vesting date.
Documents
Issuer
SKYX Platforms Corp.
CIK 0001598981
Entity typeother
Related Parties
1- filerCIK 0000923890
Filing Metadata
- Form type
- 4
- Filed
- Dec 16, 7:00 PM ET
- Accepted
- Dec 17, 5:05 PM ET
- Size
- 22.4 KB