Filing Details
- Accession Number:
- 0001493152-22-004764
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2022-02-16 14:15:34
- Reporting Period:
- 2022-02-14
- Accepted Time:
- 2022-02-16 14:15:34
- 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 |
---|---|---|---|---|---|---|---|
1630761 | Dov Shiff | C/O Sql Technologies Corp. 11030 Jones Bridge Road, Suite 206 Johns Creek GA 30022 | Yes | No | Yes | No |
Reported Non-Derivative Transactions
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 | 2022-02-14 | 2,600,000 | $0.00 | 3,855,000 | No | 4 | C | Direct | |
Common Stock, No Par Value | Acquisiton | 2022-02-14 | 235,712 | $14.00 | 235,712 | No | 4 | P | Indirect | By Shiff Group Assets |
Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
---|---|---|---|---|
No | 4 | C | Direct | |
No | 4 | P | Indirect | By Shiff Group Assets |
Reported Derivative Transactions
Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
---|---|---|---|---|---|---|---|
Common Stock, No Par Value | Series A Convertible Preferred Stock | Disposition | 2022-02-14 | 2,600,000 | $0.00 | 2,600,000 | $0.00 |
Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
---|---|---|---|---|---|---|
0 | No | 4 | C | Indirect |
Reported Non-Derivative Holdings
Sec. Name | Remaning Holdings | Nature of Ownership | Explanation |
---|---|---|---|
Common Stock, No Par Value | 10,779,618 | Indirect | By Shiff Group |
Common Stock, No Par Value | 40,000 | Indirect | By Spouse |
Reported Derivative Holdings
Sec. Name | Sec. Type | Price | Date | Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
---|---|---|---|---|---|---|---|
Common Stock, No Par Value | Stock Option (right to buy) | $3.00 | 2018-01-01 | 2023-01-01 | 25,000 | 25,000 | Direct |
Common Stock, No Par Value | Stock Option (right to buy) | $3.00 | 2019-01-01 | 2024-01-01 | 25,000 | 25,000 | Direct |
Common Stock, No Par Value | Stock Option (right to buy) | $12.00 | 2020-01-01 | 2025-01-01 | 25,000 | 25,000 | Direct |
Common Stock, No Par Value | Stock Option (right to buy) | $12.00 | 2020-12-31 | 2025-12-31 | 25,000 | 25,000 | Direct |
Common Stock, No Par Value | Stock Option (right to buy) | $12.00 | 2021-12-31 | 2026-12-31 | 25,000 | 25,000 | Direct |
Common Stock, No Par Value | 6.0% Subordinated Convertible Promissory Note | $15.00 | 2023-11-03 | 0 | 0 | Indirect |
Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
---|---|---|---|
2023-01-01 | 25,000 | 25,000 | Direct |
2024-01-01 | 25,000 | 25,000 | Direct |
2025-01-01 | 25,000 | 25,000 | Direct |
2025-12-31 | 25,000 | 25,000 | Direct |
2026-12-31 | 25,000 | 25,000 | Direct |
2023-11-03 | 0 | 0 | Indirect |
Footnotes
- These securities are owned by Shiff Group Investments Ltd., of which the reporting person is an owner and the President and Chief Executive Officer.
- The securities are owned by Shiff Group Assets Ltd., of which the reporting person is a controlling person.
- In connection with the consummation of the issuer's initial public offering, which closed on February 14, 2022, the reporting person elected to convert all shares of Series A Convertible Preferred Stock held into shares of common stock. The Series A Convertible Preferred Stock was convertible at any time, at the holder's election, on a one-for-one basis, and had no expiration date.
- The principal amount, plus any accrued and unpaid interest, is convertible at any time on or prior to the maturity date at the holder's discretion at the conversion price of $15.00.
- 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.