Dov Shiff (SKYX) reports 160,000-share stock gifts, keeps large holdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SKYX Platforms Corp. director and ten percent owner Dov Shiff reported two bona fide gifts of Common Stock on June 10, 2026, transferring a total of 160,000 shares at no consideration. One 80,000-share gift was from his direct holdings and another 80,000-share gift was from shares held indirectly through his spouse.
After these gifts, Shiff continues to report significant ownership, including 1,432,952 shares held directly and additional indirect positions such as 1,200,000 shares held by his spouse, 13,274,618 shares held by DZDLUX s.a.r.l., 379,955 shares held by Shiff Group Investments Ltd., and 235,712 shares held by Shiff Group Assets Ltd. He also holds stock options covering multiple blocks of 5,000 shares each at exercise prices between $1.09 and $12.34, plus an option for 25,000 shares at $12.00 per share, with expirations from 2026 through 2031.
Positive
- None.
Negative
- None.
Insider Trade Summary
160,000 shares gifted
Mixed
11 txns
Insider
Shiff Dov
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock, no par value | 80,000 | $0.00 | -- |
| Gift | Common Stock, no par value | 80,000 | $0.00 | -- |
| holding | Stock Option (right to buy) | -- | -- | -- |
| holding | Stock Option (right to buy) | -- | -- | -- |
| holding | Stock Option (right to buy) | -- | -- | -- |
| holding | Stock Option (right to buy) | -- | -- | -- |
| holding | Stock Option (right to buy) | -- | -- | -- |
| holding | Stock Option (right to buy) | -- | -- | -- |
| holding | Common Stock, no par value | -- | -- | -- |
| holding | Common Stock, no par value | -- | -- | -- |
| holding | Common Stock, no par value | -- | -- | -- |
Holdings After Transaction:
Common Stock, no par value — 1,432,952 shares (Direct, null);
Common Stock, no par value — 120,000 shares (Indirect, By Spouse);
Stock Option (right to buy) — 25,000 shares (Direct, null)
Footnotes (1)
- These securities are owned by Shiff Group Investments Ltd. ("SGI"), of which the reporting person is an owner and the President and Chief Executive Officer. These securities are owned by DZDLUX s.a.r.l., of which the reporting person is a controlling person. These securities are owned by Shiff Group Assets Ltd., of which the reporting person is a controlling person. Options vest in twelve equal monthly installments, on the last day of each month, beginning on April 30, 2026.
Key Figures
Gifted shares (direct holding): 80,000 shares
Gifted shares (spouse holding): 80,000 shares
Total gifted shares: 160,000 shares
+5 more
8 metrics
Gifted shares (direct holding)
80,000 shares
Common Stock gifted on June 10, 2026 from direct ownership
Gifted shares (spouse holding)
80,000 shares
Common Stock gifted on June 10, 2026 from spouse’s holding
Total gifted shares
160,000 shares
Two bona fide gifts of Common Stock at $0.00 per share
Direct common shares after gifts
1,432,952 shares
Direct Common Stock held following June 10, 2026 gifts
Spouse common shares after gifts
120,000 shares
Common Stock held indirectly through spouse after reported gift
Indirect shares via DZDLUX s.a.r.l.
13,274,618 shares
Common Stock held indirectly where Shiff is a controlling person
Option grant at $12.00
25,000 shares
Stock Option, exercise price $12.00, expires December 31, 2026
Low-strike stock option
$1.09 exercise price
Stock Option for 5,000 underlying shares, expires April 4, 2029
Key Terms
bona fide gift, Stock Option (right to buy), controlling person, indirect ownership, +1 more
5 terms
bona fide gift financial
"transaction_code_description: "Bona fide gift" for 80,000-share transfers"
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
Stock Option (right to buy) financial
"security_title: "Stock Option (right to buy)" with underlying Common Stock"
controlling person financial
"footnote: "of which the reporting person is a controlling person""
A controlling person is an individual or entity that can direct a company’s decisions and strategy through ownership, voting power, board control, or other influence — like the captain of a ship who sets course. For investors, who holds that control matters because it shapes management choices, risk tolerance, potential conflicts of interest, and the likelihood of major actions such as mergers, dividend changes, or management shifts.
indirect ownership financial
"ownership_type: "indirect" and nature_of_ownership "By Spouse" or entities"
ten percent owner financial
"reporting person flagged as "is_ten_percent_owner": 1"
FAQ
What insider transaction did Dov Shiff report for SKYX Platforms Corp. (SKYX)?
Dov Shiff reported two bona fide gifts of SKYX Platforms Corp. Common Stock, each for 80,000 shares, totaling 160,000 shares. These gifts were made on June 10, 2026, at a reported price of $0.00 per share.
Are the reported SKYX transactions market sales or gifts?
The reported SKYX transactions are bona fide gifts, not market sales. Each gift involved 80,000 shares of Common Stock at a reported price of $0.00 per share, meaning there was no sale proceeds or open-market trading disclosed in these entries.