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Filing Details

Accession Number:: 0001493152-22-015688
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2022-06-02 14:10:56
Reporting Period:: 2022-05-31

Accepted Time:: 2022-06-02 14:10:56
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. 2855 W. Mcnab Road Pompano Beach FL 33069		Yes	No	Yes	No

Reported Non-Derivative Transactions

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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	2022-05-31	848	$3.39	10,780,466	No	4	P	Indirect	By Shiff Group
Common Stock, No Par Value	Acquisiton	2022-06-01	5,723	$3.70	10,786,189	No	4	P	Indirect	By Shiff Group

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Indirect	By Shiff Group
No	4	P	Indirect	By Shiff Group

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock, No Par Value	3,887,590	Direct
Common Stock, No Par Value	235,712	Indirect	By Shiff Group Assets
Common Stock, No Par Value	40,000	Indirect	By Spouse

Reported Derivative Holdings

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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	Stock Option (right to buy)	$12.34	2022-03-31	2027-03-11	5,000	5,000	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
2027-03-11	5,000	5,000	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.
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.
Options vest in twelve equal monthly installments, beginning on the last day of the month in which the options were granted.
The price reported represents a weighted average price. These shares were purchased in multiple transactions at prices ranging from $3.37 and $3.40 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.
The price reported represents a weighted average price. These shares were purchased in multiple transactions at prices ranging from $3.61 and $3.70 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.