Home > Insider Trading > Filing (0001493152-22-016508)

Filing Details

Accession Number:: 0001493152-22-016508
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2022-06-13 06:08:05
Reporting Period:: 2022-06-09

Accepted Time:: 2022-06-13 06:08:05
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1598981	Sql Technologies Corp.	SKYX	Electric Lighting & Wiring Equipment (3640)	463645414

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1634483	Roland Ran Kohen	C/O Sql Technologies Corp. 2855 W. Mcnab Road Pompano Beach FL 33069	Executive Chairman	Yes	Yes	Yes	No

Reported Non-Derivative Transactions

Show Other Fields >>

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock, No Par Value	Acquisiton	2022-06-09	5,000	$2.15	15,001	No	4	P	Direct
Common Stock, No Par Value	Acquisiton	2022-06-10	1,000	$2.05	16,001	No	4	P	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Direct
No	4	P	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock, No Par Value	9,143,969	Indirect	By KRNB Holdings LLC
Common Stock, No Par Value	100,000	Indirect	By Family

Reported Derivative Holdings

Show Other Fields >>

Sec. Name	Sec. Type	Price	Date	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Common Stock, No Par Value	Stock Option (right to buy)	$0.60	2017-11-15	2025-11-15	1,000,000	1,000,000	Direct
Common Stock, No Par Value	Stock Option (right to buy)	$6.00		2024-09-01	1,140,000	1,140,000	Direct
Common Stock, No Par Value	Stock Option (right to buy)	$12.00		2027-01-01	1,140,000	1,140,000	Direct
Common Stock, No Par Value	Stock Option (right to buy)	$3.00			1,500,000	1,500,000	Direct
Common Stock, No Par Value	Stock Option (right to buy)	$4.00			1,500,000	1,500,000	Direct
Common Stock, No Par Value	Stock Option (right to buy)	$5.00			1,000,000	1,000,000	Direct
Common Stock, No Par Value	Stock Option (right to buy)	$6.00			2,000,000	2,000,000	Direct
Common Stock, No Par Value	Stock Option (right to buy)	$7.00			2,000,000	2,000,000	Direct
Common Stock, No Par Value	Stock Option (right to buy)	$8.00			2,000,000	2,000,000	Direct
Common Stock, No Par Value	Stock Option (right to buy)	$12.00		2027-01-01	10,000,000	10,000,000	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
2025-11-15	1,000,000	1,000,000	Direct
2024-09-01	1,140,000	1,140,000	Direct
2027-01-01	1,140,000	1,140,000	Direct
	1,500,000	1,500,000	Direct
	1,500,000	1,500,000	Direct
	1,000,000	1,000,000	Direct
	2,000,000	2,000,000	Direct
	2,000,000	2,000,000	Direct
	2,000,000	2,000,000	Direct
2027-01-01	10,000,000	10,000,000	Direct

Footnotes

These securities are owned by KRNB Holdings LLC, of which the reporting person is the sole owner and the manager.
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.
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.
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.
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;
(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.
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.
The price reported represents a weighted average price. These shares were purchased in multiple transactions at prices ranging from $2.08 and $2.24 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.