Sec Form 4 Filing - Kohen Ran Roland @ SQL Technologies Corp. - 2022-06-06

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

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, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person Kohen Ran Roland 2. Issuer Name and Ticker or Trading Symbol SQL Technologies Corp. [ SKYX] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) X __ Director X __ 10% Owner X __ Officer (give title below) _____ Other (specify below) Executive Chairman (Last) (First) (Middle) C/O SQL TECHNOLOGIES CORP., 2855 W. MCNAB ROAD 3. Date of Earliest Transaction (MM/DD/YY) 06/06/2022 (Street) POMPANO BEACH, FL33069 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) __ X __ Form filed by One Reporting Person _____ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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 06/06/2022 P 5,000 A $ 2.941( 8 ) 10,001 D Common Stock, no par value 9,143,969 I By KRNB Holdings LLC( 1 ) Common Stock, no par value 100,000 I By Family

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 (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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 (MM/DD/YY) 7. Title and Amount of Underlying Securities (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 of Derivative Security: 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 11/15/2017 11/15/2025 Common Stock, no par value 1,000,000 1,000,000 D Stock Option (right to buy) $ 6 ( 2 ) 09/01/2024 Common Stock, no par value 1,140,000 1,140,000 D Stock Option (right to buy) $ 12 ( 3 ) 01/01/2027 Common Stock, no par value 1,140,000 1,140,000 D Stock Option (right to buy) $ 3 ( 4 )( 5 )( 6 ) ( 4 )( 5 )( 6 ) Common Stock, no par value 1,500,000 1,500,000 D Stock Option (right to buy) $ 4 ( 4 )( 5 )( 6 ) ( 4 )( 5 )( 6 ) Common Stock, no par value 1,500,000 1,500,000 D Stock Option (right to buy) $ 5 ( 4 )( 5 )( 6 ) ( 4 )( 5 )( 6 ) Common Stock, no par value 1,000,000 1,000,000 D Stock Option (right to buy) $ 6 ( 4 )( 5 )( 6 ) ( 4 )( 5 )( 6 ) Common Stock, no par value 2,000,000 2,000,000 D Stock Option (right to buy) $ 7 ( 4 )( 5 )( 6 ) ( 4 )( 5 )( 6 ) Common Stock, no par value 2,000,000 2,000,000 D Stock Option (right to buy) $ 8 ( 4 )( 5 )( 6 ) ( 4 )( 5 )( 6 ) Common Stock, no par value 2,000,000 2,000,000 D Stock Option (right to buy) $ 12 ( 7 ) 01/01/2027 Common Stock, no par value 10,000,000 10,000,000 D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other Kohen Ran Roland C/O SQL TECHNOLOGIES CORP. 2855 W. MCNAB ROAD POMPANO BEACH, FL33069 X X Executive Chairman Signatures /s/ Ran Roland Kohen 06/06/2022 Signature of Reporting Person Date

Explanation of Responses:

( 1 )These securities are owned by KRNB Holdings LLC, of which the reporting person is the sole owner and the manager. ( 2 )These options were granted on September 1, 2019 and vest as to 120,000 shares on January 1, 2020, with the remainder vesting in three equal annual installments of 340,000 shares beginning on the first anniversary of the date of grant, subject to continued service through the applicable vesting date. ( 3 )These options were granted on January 1, 2022 and vest as to 120,000 shares on January 1, 2023, with the remainder vesting in three equal annual installments of 340,000 shares beginning on the first anniversary of the date of grant, subject to continued service through the applicable vesting date. ( 4 )Pursuant to the chairman agreement, the reporting person was granted the following supplemental bonus options as it was determined that the applicable performance conditions had been satisfied: (i) options to purchase 1,500,000 shares of common stock at an exercise price of $3.00 per share; (ii) options to purchase 500,000 shares of common stock at an exercise price of $4.00 per share; and (iii) options to purchase 1,000,000 shares of common stock at an exercise price of $6.00 per share. These options were immediately exercisable and expire November 21, 2024. ( 5 )Pursuant to the chairman agreement, the reporting person has the following options as supplemental bonus compensation, subject to the issuer achieving the specified market capitalization: (i) options to purchase 500,000 shares of common stock at $4.00 per share, upon the issuer achieving each of the following market capitalizations: $1.5 billion and $2.0 billion; (ii) options to purchase 500,000 shares of common stock at $5.00 per share, upon the issuer achieving each of the following market capitalizations: $2.5 billion and $3.0 billion; (iii) options to purchase 500,000 shares of common stock at an exercise price of $6.00 per share, upon the issuer achieving each of the following market capitalizations: $1.5 billion and $2.0 billion; ( 6 )(continued) (iv) options to purchase 500,000 shares of common stock at an exercise price of $7.00 per share, upon the issuer achieving each of the following market capitalizations: $3.0 billion, $4.0 billion, $5.0 billion and $6.0 billion; and (v) options to purchase 500,000 shares of common stock at an exercise price of $8.00 per share, upon the issuer achieving each of the following market capitalizations: $7.0 billion, $8.0 billion, $9.0 billion and $10.0 billion. Options are subject to continued service through the applicable vesting date. ( 7 )Pursuant to the chairman agreement, in the event the issuer achieves a $10.0 billion valuation, for each valuation increase of $1.0 billion up to $30.0 billion, the reporting person has options to purchase 500,000 shares at an exercise price of $12.00 per share. Options are subject to continued service through the applicable vesting date. ( 8 )The price reported represents a weighted average price. These shares were purchased in multiple transactions at prices ranging from $2.62 and $3.05 per share. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price.

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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