Form 4: Patricia Barron, Chief Operations Officer of SKYX Platforms Corp., Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Patricia Barron, Chief Operations Officer of SKYX Platforms Corp., filed a Form 4 disclosing the disposition of 8,785 shares of common stock to satisfy tax withholding obligations related to vesting restricted stock units on August 4, 2024.
Summary
- On August 5, 2024, Patricia Barron, the Chief Operations Officer of SKYX Platforms Corp., filed a Form 4 with the SEC.
- The filing reports a transaction that occurred on August 4, 2024, where 8,785 shares of common stock were disposed of to cover tax withholding obligations related to the vesting of restricted stock units (RSUs).
- Following the transaction, Barron directly owns 179,056 shares of SKYX Platforms Corp.
- This includes 50,000 RSUs that will vest in equal annual installments on August 4, 2025, and August 4, 2026.
- Barron also holds options to purchase shares of common stock at various exercise prices and expiration dates.
- A power of attorney, dated January 29, 2022, is attached to the filing as Exhibit 24, authorizing Rani R. Kohen, John P. Campi, Marc-Andre Boisseau and Patricia Barron to act on her behalf for SEC filings.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to insider transactions, indicating a neutral sentiment.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company officers and directors. This filing indicates the COO's stock-based compensation and her management of tax obligations related to it.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
- The transaction has a minimal impact on the company's operations or financial condition.
Key Dates
| Date | Description |
|---|---|
| January 29, 2022 | Date of Power of Attorney granting authority to Rani R. Kohen, John P. Campi, Marc-Andre Boisseau and Patricia Barron for SEC filings. |
| August 4, 2024 | Date of transaction: Disposition of 8,785 shares for tax withholding and vesting of RSUs. |
| August 5, 2024 | Date of Form 4 filing. |
| August 4, 2025 | First vesting date for 25,000 of the 50,000 RSUs. |
| August 4, 2026 | Second vesting date for 25,000 of the 50,000 RSUs. |
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