[Form 4] SKYX Platforms Corp. Insider Trading Activity

Rhea-AI Filing Summary

SKYX Platforms Corp. director and CEO reported insider transactions involving common stock and derivatives. On 11/14/2025, he exercised a stock option for 150,000 shares of common stock at an exercise price of $0.60 per share, increasing his direct holdings. On the same date, 50,279 shares were surrendered in a transaction coded “F,” reflecting shares withheld in connection with the option exercise. After these transactions, he beneficially owned 798,941 shares of common stock directly, including 130,000 RSUs that vest between March 2026 and March 2027.

The filing also lists multiple outstanding stock options with exercise prices ranging from $0.60 to $12.34 and expiration dates between 2025 and 2030, as well as vesting schedules extending through March 27, 2027. In addition, he holds a subordinated convertible promissory note with a principal amount of $250,000, convertible into common stock at $3.00 per share and accruing interest at 10.0% per annum from January 1, 2024. The filing further discloses Series A-1 Preferred Stock with an original issue price of $25.00 per share, convertible into common stock at an adjusted conversion price of $1.20 per share and subject to specified mandatory conversion and redemption provisions.

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).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

SOKOLOW LEONARD J

(Last) (First) (Middle)

C/O SKYX PLATFORMS CORP.

2855 W. MCNAB ROAD

(Street)

POMPANO BEACH FL 33069

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
11/14/2025

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	11/14/2025		M		150,000	A	$0.6	849,220	D
Common Stock, no par value	11/14/2025		F		50,279(6)	D	$1.79	798,941(7)	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)	$0.6	11/14/2025		M			150,000	11/15/2015	11/15/2025	Common Stock, no par value	150,000	$0	0	D
Stock Option (right to buy)	$3							06/30/2017	04/19/2027	Common Stock, no par value	150,000		150,000	D
Stock Option (right to buy)	$4							12/31/2017	04/19/2027	Common Stock, no par value	150,000		150,000	D
Stock Option (right to buy)	$12							12/31/2020	12/31/2025	Common Stock, no par value	100,000		100,000	D
Stock Option (right to buy)	$12							12/31/2021	12/31/2026	Common Stock, no par value	100,000		100,000	D
Stock Option (right to buy)	$12.34							03/31/2022	03/11/2027	Common Stock, no par value	17,500		17,500	D
Stock Option (right to buy)	$3.28							04/30/2023	04/05/2028	Common Stock, no par value	17,500		17,500	D
Stock Option (right to buy)	$1.58							09/12/2023(3)	09/12/2028	Common Stock, no par value	450,000		450,000	D
Stock Option (right to buy)	$1.26							03/27/2025(4)	03/27/2030	Common Stock, no par value	150,000		150,000	D
Subordinated Convertible Promissory Note	$3							(1)	05/16/2025	Common Stock, no par value	$250,000(2)		$250,000(2)	D
Series A-1 Preferred Stock	(5)							(5)	(5)	Common Stock, no par value	208,334(5)		10,000	D

Explanation of Responses:

1. 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.

2. 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.

3. 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.

4. Options vest in three equal annual installments, beginning on March 27, 2025, the grant date, 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. Reflects shares surrendered in connection with the exercise of stock options.

7. Includes 130,000 RSUs, which will vest as follows, subject to continued employment through the vesting date: 100,000 in two semi-annual installments of 50,000 beginning on March 12, 2026 and 30,000 on March 12, 2027.

	/s/ Leonard J. Sokolow	11/18/2025
	** 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).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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FAQ

What insider transaction did SKYX (SKYX) report on November 14, 2025?

The CEO and director of SKYX Platforms Corp. reported exercising a stock option for 150,000 shares of common stock at an exercise price of $0.60 per share on 11/14/2025, and shares were surrendered in connection with that exercise.

How many SKYX shares does the reporting person own after the Form 4 transactions?

Following the reported transactions, the reporting person beneficially owned 798,941 shares of SKYX common stock directly, which includes 130,000 RSUs subject to future vesting.

Why were 50,279 SKYX shares reported as disposed of in the Form 4?

The Form 4 shows 50,279 shares as disposed of in a transaction coded “F,” which the explanation notes reflects shares surrendered in connection with the exercise of stock options, typically for tax withholding.

What stock options does the SKYX CEO still hold after the reported exercise?

The filing lists several remaining stock options to buy SKYX common stock with exercise prices between $3.00 and $12.34 (and others at $1.58 and $1.26), with expiration dates from 2025 through 2030, and vesting schedules extending through March 27, 2027.

What are the terms of the subordinated convertible note held by the SKYX insider?

The reporting person holds a subordinated convertible promissory note with a principal amount of $250,000, convertible into SKYX common stock at $3.00 per share. The note accrues interest at 10.0% per annum from January 1, 2024, payable annually in cash or common stock at the holder’s discretion.

How is SKYX Series A-1 Preferred Stock held by the insider convertible into common stock?

The Series A-1 Preferred Stock has an original issue price of $25.00 per share and is convertible at the holder’s option into SKYX common stock at an adjusted conversion price of $1.20 per share, or approximately 20.83 shares of common stock for each preferred share.

When do the RSUs held by the SKYX CEO vest?

The 130,000 RSUs included in the CEO’s holdings vest as follows, subject to continued employment: 100,000 in two semi-annual installments of 50,000 beginning on March 12, 2026, and 30,000 on March 12, 2027.