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Form 4 SKYX Platforms Corp. For: Sep 30 Filed by: SOKOLOW LEONARD J

October 4, 2022 6:09 AM EDT
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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OMB Number: 3235-0287
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hours per response: 0.5
  
 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 *
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
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
09/30/2022
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 09/30/2022   A   2,032 (7) A $ 3.69 333,234 D  
Common Stock, no par value               3,600 I By Newbridge Securities Corporation (1)
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) $ 0.60             11/15/2015 11/15/2025 Common Stock, no par value 150,000   150,000 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) $ 3             01/01/2018 01/01/2023 Common Stock, no par value 100,000   100,000 D  
Stock Option (right to buy) $ 3             01/01/2019 01/01/2024 Common Stock, no par value 100,000   100,000 D  
Stock Option (right to buy) $ 12             01/01/2020 01/01/2025 Common Stock, no par value 100,000   100,000 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 (6) 03/11/2027 Common Stock, no par value 17,500   17,500 D  
Warrant (right to buy) $ 12               (2) 12/31/2023 Common Stock, no par value 4,469   4,469 D  
Warrant (right to buy) $ 9.80               (3) 10/26/2024 Common Stock, no par value 1,088   1,088 D  
Warrant (right to buy) $ 9.80               (3) 11/29/2024 Common Stock, no par value 3,375   3,375 D  
Warrant (right to buy) $ 9.80               (3) 12/22/2024 Common Stock, no par value 19,827   19,827 D  
Warrant (right to buy) $ 12               (2) 12/31/2023 Common Stock, no par value 5,674   5,674 I By Newbridge Securities Corporation (1)
Warrant (right to buy) $ 9.80               (3) 10/26/2024 Common Stock, no par value 725   725 I By Newbridge Securities Corporation (1)
Warrant (right to buy) $ 9.80               (3) 11/29/2024 Common Stock, no par value 2,250   2,250 I By Newbridge Securities Corporation (1)
Warrant (right to buy) $ 9.80               (3) 12/22/2024 Common Stock, no par value 13,216   13,216 I By Newbridge Securities Corporation (1)
6.0% Subordinated Convertible Promissory Note $ 15               (4) 09/22/2023 Common Stock, no par value $ 250,000 (5)   $ 250,000 (5) D  
Explanation of Responses:
1. These securities are owned by Newbridge Securities Corporation. The reporting person is the Chief Executive Officer and President of Newbridge Financial, Inc. and Chairman of Newbridge Securities Corporation, its broker dealer subsidiary.
2. Exercisable at any time on or prior to the expiration date at the holder's discretion at the initial exercise price of $12.00 per share, subject to adjustment provisions (including certain anti-dilution provisions).
3. Exercisable at any time on or prior to the expiration date at the holder's discretion at the adjusted exercise price of $9.80 per share, subject to adjustment provisions (including certain anti-dilution provisions).
4. 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.
5. 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.
6. Options vest in twelve equal monthly installments, beginning on the last day of the month in which the options were granted.
7. 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.
/s/ Leonard J. Sokolow 10/04/2022
** 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.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

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