SEC Form 4 · accession 0001493152-26-042580
SKYX Platforms Corp. · SKYX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Leonard J Sokolow
Officer — Chief Executive Officer · Director
Period of report
Sep 12, 2026
Accepted (ET)
Sep 14, 2026 · 4:15 pm EDT
Rule 10b5-1 plan
box not checked
Issuer CIK
0001598981
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, no par valueF9,F10 | Sep 12, 2026 | F | 19,673 | $1.35 | D | 931,149 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (right to buy)F3 | $3.00 | holding | — | — | — | Jun 30, 2017 | Apr 19, 2027 | Common Stock, no par value | 150,000 | 150,000 | D |
| Stock Option (right to buy)F3 | $4.00 | holding | — | — | — | Dec 31, 2017 | Apr 19, 2027 | Common Stock, no par value | 150,000 | 150,000 | D |
| Stock Option (right to buy)F3 | $12.00 | holding | — | — | — | Dec 31, 2021 | Dec 31, 2026 | Common Stock, no par value | 100,000 | 100,000 | D |
| Stock Option (right to buy)F3 | $12.34 | holding | — | — | — | Mar 31, 2022 | Mar 11, 2027 | Common Stock, no par value | 17,500 | 17,500 | D |
| Stock Option (right to buy)F3 | $3.28 | holding | — | — | — | Apr 30, 2023 | Apr 5, 2028 | Common Stock, no par value | 17,500 | 17,500 | D |
| Stock Option (right to buy)F4 | $1.58 | holding | — | — | — | Sep 12, 2023 | Sep 12, 2028 | Common Stock, no par value | 450,000 | 450,000 | D |
| Stock Option (right to buy)F5 | $1.26 | holding | — | — | — | Mar 27, 2025 | Mar 27, 2030 | Common Stock, no par value | 150,000 | 150,000 | D |
| Stock Option (right to buy)F6 | $2.15 | holding | — | — | — | Jan 1, 2026 | Dec 15, 2030 | Common Stock, no par value | 150,000 | 150,000 | D |
| Stock Option (right to buy)F7 | $1.06 | holding | — | — | — | Jun 14, 2026 | Jun 14, 2031 | Common Stock, no par value | 50,000 | 50,000 | D |
| Subordinated Convertible Promissory NoteF2,F1 | $3.00 | holding | — | — | — | — | May 16, 2025 | Common Stock, no par value | — | — | D |
| Series A-1 Preferred StockF8 | — | holding | — | — | — | — | — | Common Stock, no par value | 208,334 | 10,000 | D |
Explanation of responses
- F1The 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.
- F10Includes 167,500 RSUs, which will vest as follows, subject to continued employment through the vesting date: (i) 30,000 RSUs, which will vest on March 12, 2027; (ii) 100,000 RSUs, which will vest in two equal annual installments beginning on January 1, 2027; and (iii) 37,500 RSUs, which will vest in three equal annual installments beginning on June 1, 2027.
- F2Represents 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.
- F3Fully exercisable.
- F4Options 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.
- F5Options vest in three equal annual installments, beginning on March 27, 2025, the grant date, subject to continued employment through the vesting date.
- F6Options vest in three equal annual installments, beginning on January 1, 2026, subject to continued employment through the vesting date.
- F7Options vest in four equal installments of 12,500 on June 14, 2026, June 1, 2027, June 1, 2028 and June 1, 2029, subject to continued employment through the vesting date.
- F8The 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.
- F9The reporting person has elected to satisfy his tax withholding obligations in connection with the vesting of restricted stock units ("RSUs") by directing the issuer to withhold shares otherwise issuable upon vesting of the grants.