Sec Form 4 Filing - Shiff Dov @ SKYX Platforms Corp. - 2023-12-31

Insider filing report for Changes in Beneficial Ownership
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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
Shiff Dov
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 X __ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
C/O SKYX PLATFORMS CORP., 2855 W. MCNAB ROAD
3. Date of Earliest Transaction (MM/DD/YY)
12/31/2023
(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 12/31/2023 A 4,464 ( 8 ) A $ 1.68 1,458,529 D ( 1 )
Common Stock, no par value 13,274,618 I ( 1 ) By DZDLUX s.a.r.l. ( 3 )
Common Stock, no par value 235,712 I ( 1 ) By Shiff Group Assets ( 4 )
Common Stock, no par value 40,000 I By Spouse
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 Rep orted 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) $ 12 01/01/2020 01/01/2025 Common Stock, no par value 25,000 25,000 D
Stock Option (right to buy) $ 12 12/31/2020 12/31/2025 Common Stock, no par value 25,000 25,000 D
Stock Option (right to buy) $ 12 12/31/2021 12/31/2026 Common Stock, no par value 25,000 25,000 D
Stock Option (right to buy) $ 12.34 03/31/2022 03/11/2027 Common Stock, no par value 5,000 5,000 D
Stock Option (right to buy) $ 3.28 04/30/2023( 7 ) 04/05/2028 Common Stock, no par value 5,000 5,000 D
6.0% Subordinated Convertible Promissory Note $ 15 ( 5 ) 11/03/2023 Common Stock, no par value $ 600,000 ( 6 ) $ 600,000 ( 6 ) I By Shiff Group ( 2 )
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Shiff Dov
C/O SKYX PLATFORMS CORP.
2855 W. MCNAB ROAD
POMPANO BEACH, FL33069
X X
Signatures
/s/ Dov Shiff 01/03/2024
Signature of Reporting Person Date
Explanation of Responses:
( 1 )The reporting person transferred shares of common stock from his personal accounts to entities controlled by the reporting person.
( 2 )These securities are owned by Shiff Group Investments Ltd., of which the reporting person is an owner and the President and Chief Executive Officer.
( 3 )These securities are owned by DZDLUX s.a.r.l., of which the reporting person is a controlling person.
( 4 )These securities are owned by Shiff Group Assets Ltd., of which the reporting person is a controlling person.
( 5 )The principal amount, plus any accrued and unpaid interest, is convertible into shares of common stock at any time on or prior to the maturity date at the holder's discretion at the conversion price of $15.00 per share.
( 6 )Represents the principal amount of the convertible note and excludes interest that may accrue. Interest on the note is payable annually, in cash or common stock, at the holder's discretion.
( 7 )Options vest in twelve equal monthly installments, beginning on the last day of the month in which the options were granted.
( 8 )The reporting person has elected to receive shares of the issuer's common stock in lieu of the cash retainer payable for service on the issuer's board of directors, pursuant to the non-employee director compensation program.

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).

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