SKYX Platforms Corp. (SKYX) COO withholds shares to cover taxes
Rhea-AI Filing Summary
SKYX Platforms Corp. Chief Operations Officer Patricia Ann Barron reported a tax-withholding disposition of 8,410 shares of common stock on August 4, 2026, at $1.11 per share, with shares withheld by the issuer to satisfy her tax withholding obligation upon vesting of restricted stock units. Following this, she directly holds 298,911 common shares and maintains stock options over additional shares at exercise prices ranging from $1.09 to $4.00 with expirations between 2027 and 2030.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 8,410 shares
Net Sell
6 txns
Insider
BARRON PATRICIA ANN
Role
Chief Operations Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock, no par value F1 | 8,410 | $1.11 | $9K |
| holding | Stock Option (right to buy) | -- | -- | -- |
| holding | Stock Option (right to buy) | -- | -- | -- |
| holding | Stock Option (right to buy) F2 | -- | -- | -- |
| holding | Stock Option (right to buy) F3 | -- | -- | -- |
| holding | Stock Option (right to buy) F4 | -- | -- | -- |
Holdings After Transaction:
Common Stock, no par value — 298,911 shares (Direct);
Stock Option (right to buy) — 800,000 shares (Direct)
Footnotes (4)
- F1. The reporting person has elected to satisfy her tax withholding obligation in connection with the vesting of restricted stock units by directing the issuer to withhold shares otherwise issuable upon vesting of the grant.
- F2. Options vest in four equal annual installments, beginning on August 4, 2023, the date of grant, subject to continued employment through the vesting date.
- F3. Options vest in three equal annual installments, beginning on January 1, 2025, subject to continued employment through the vesting date.
- F4. Options vest in four equal annual installments, beginning on August 15, 2025, the date of grant, subject to continued employment through the vesting date.
Key Figures
Shares withheld for taxes: 8,410 shares
Withholding price: $1.11 per share
Shares held after transaction: 298,911 shares
+5 more
8 metrics
Shares withheld for taxes
8,410 shares
Common stock withheld on August 4, 2026 to satisfy tax withholding obligation
Withholding price
$1.11 per share
Price used for the 8,410-share tax-withholding disposition
Shares held after transaction
298,911 shares
Direct common stock ownership following the tax-withholding transaction
Option position at $3.00
50,000 underlying shares
Stock option with $3.0000 exercise price expiring April 19, 2027
Option position at $4.00
50,000 underlying shares
Stock option with $4.0000 exercise price expiring April 19, 2027
Option position at $2.08
100,000 underlying shares
Stock option with $2.0800 exercise price expiring August 4, 2028
Option position at $1.09
100,000 underlying shares
Stock option with $1.0900 exercise price expiring December 15, 2029
Option position at $1.11
500,000 underlying shares
Stock option with $1.1100 exercise price expiring August 15, 2030
Key Terms
restricted stock units, tax withholding obligation, Stock Option (right to buy), exercise price, +1 more
5 terms
restricted stock units financial
"tax withholding obligation in connection with the vesting of restricted stock units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax withholding obligation financial
"elected to satisfy her tax withholding obligation in connection with the vesting"
Stock Option (right to buy) financial
"security_title": "Stock Option (right to buy)""
exercise price financial
"conversion_or_exercise_price": "1.1100""
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
vesting financial
"Options vest in four equal annual installments, beginning on August 4, 2023"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did SKYX Platforms Corp. (SKYX) report for its COO?
SKYX reported that COO Patricia Ann Barron had 8,410 shares of common stock withheld at $1.11 per share on August 4, 2026, to cover tax withholding on vested restricted stock units, rather than executing an open-market sale.
Was the SKYX (SKYX) COO’s Form 4 transaction an open-market sale?
No. The Form 4 shows a code F transaction, meaning 8,410 shares were withheld by SKYX to satisfy her tax withholding obligation on vesting restricted stock units, rather than being sold into the market by the executive.
What stock options does the SKYX (SKYX) COO hold according to this Form 4?
The COO holds several stock options, including 50,000 shares at $3.00, 50,000 at $4.00, 100,000 at $2.08, 100,000 at $1.09, and 500,000 at $1.11 per share, with expirations between 2027 and 2030.
What do the vesting footnotes in the SKYX (SKYX) Form 4 indicate about the COO’s options?
Footnotes state the options generally vest in annual installments, beginning on dates such as August 4, 2023, January 1, 2025, and August 15, 2025, and are subject to continued employment through each vesting date.