[Form 4] SKYX Platforms Corp. Insider Trading Activity

Rhea-AI Filing Summary

Securities reporting shows Steven Mark Schmidt, President and director of SKYX Platforms Corp. (SKYX), reported transactions dated 09/30/2025. He directed the issuer to withhold 5,930 common shares to satisfy tax withholding on vested restricted stock units, reducing his direct common stock by that amount to 484,418 shares held following the transaction. The filing also discloses outstanding derivative holdings: 100,000 options at $12.00 (exercisable 06/01/2026), 250,000 options at $0.90 (expiring 09/15/2029), and 100,000 options at $1.09 (expiring 12/15/2029). He also holds conversion rights to Preferred A-1 convertible into 416,667 common shares and 210,000 RSUs with specified vesting schedules.

Positive

• Reporting person retained substantial direct ownership with 484,418 common shares after withholding.
• Equity alignment preserved as withholding was used to meet tax obligations rather than an open-market sale.

Negative

• Potential dilution from convertible Series A-1 Preferred (convertible into ~416,667 common shares) and outstanding options/RSUs totaling at least 460,000 underlying shares.
• Future vesting schedule includes large RSU and option tranches that may increase share count over 2025-2026.

Insights

Corporate Governance Expert

Insider exercised tax-withholding on RSU vesting; significant option and convertible holdings remain.

The Form 4 reports a routine withholding of 5,930 shares to satisfy tax obligations on vested RSUs rather than a cash payment, indicating retention of economic exposure to the company. The reporting person remains both an officer and director and continues to hold substantial equity through direct common shares, stock options across multiple strike prices, convertible Preferred A-1 holdings and a large RSU pool that vests over 2025-2026. These holdings preserve alignment with shareholders while providing potential future dilution from conversions and option exercises.

Securities Analyst

Transaction is administrative in nature; disclosed instruments could create dilution if converted or exercised.

The disposition of 5,930 shares reflects share-withholding for tax purposes, not an active market sale. Materiality is limited: post-transaction direct common ownership is 484,418 shares. Key potential dilutive instruments include Preferred A-1 convertible into approximately 416,667 common shares and aggregate options/RSUs totaling at least 460,000 underlying common shares subject to vesting and exercise terms. Monitor scheduled vesting and exercise windows for timing of potential dilution.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Schmidt Steven Mark

(Last) (First) (Middle)

C/O SKYX PLATFORMS CORP.

2855 W. MCNAB ROAD

(Street)

POMPANO BEACH FL 30069

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
SKYX Platforms Corp. [ SKYX ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President

3. Date of Earliest Transaction (Month/Day/Year)
09/30/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock, no par value	09/30/2025		F		5,930(1)	D	$1.12	484,418(6)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Option (right to buy)	$12							(2)	06/01/2026	Common Stock, no par value	100,000		100,000	D
Stock Option (right to buy)	$0.9							12/20/2024(3)	09/15/2029	Common Stock, no par value	250,000		250,000	D
Stock Option (right to buy)	$1.09							01/01/2025(4)	12/15/2029	Common Stock, no par value	100,000		100,000	D
Series A-1 Preferred Stock	(5)							(5)	(5)	Common Stock, no par value	416,667(5)		20,000	D

Explanation of Responses:

1. The 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.

2. These options were granted on June 1, 2021 and vested in four equal annual installments of 25,000 shares beginning on the date of grant.

3. These options vest as follows, subject to continued employment through the vesting date: 10,000 vested on December 20, 2024, and the remaining 240,000 vest in equal quarterly installments of 20,000 beginning December 31, 2024.

4. These options vest in two equal annual installments, beginning on January 1, 2025, subject to continued employment through the vesting date.

5. 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.

6. Includes 210,000 RSUs, which vest as follows, subject to continued employment through the vesting date: (i) 160,000 vest in equal quarterly installments of 20,000 beginning December 31, 2025, and (ii) 50,000 vest on January 1, 2026.

	/s/ Marc-Andre Boisseau for Steven Mark Schmidt by Power of Attorney	10/01/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
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FAQ

What did Steven Mark Schmidt report on Form 4 for SKYX (SKYX)?

He reported a withholding disposition of 5,930 common shares on 09/30/2025 to satisfy tax obligations on vested RSUs and disclosed his remaining holdings and derivative positions.

How many common shares does the reporting person hold after the transaction?

484,418 common shares are reported as beneficially owned following the withholding transaction.

What derivative securities does the Form 4 disclose for the insider?

Options of 100,000 at $12.00 (exercisable 06/01/2026), 250,000 at $0.90 (expiring 09/15/2029), 100,000 at $1.09 (expiring 12/15/2029), plus convertible Series A-1 Preferred convertible into ~416,667 common shares.

Why were 5,930 shares disposed of according to the filing?

The reporting person elected to satisfy tax withholding obligations by directing the issuer to withhold shares otherwise issuable upon RSU vesting.

Are there upcoming vesting events disclosed in the filing?

Yes: 210,000 RSUs vesting with 160,000 in quarterly installments of 20,000 beginning 12/31/2025 and 50,000 vesting 01/01/2026; other options also have specified vesting schedules.