Form 4: SKYX Director Shiff Reports Gift Transactions
Insider Ownership Report
Dov Shiff, a Director and 10% owner of SKYX Platforms Corp., reported gifting 80,000 shares of common stock and receiving 80,000 shares indirectly via his spouse.
Summary
- Dov Shiff, a Director and 10% owner of SKYX Platforms Corp., reported changes in beneficial ownership.
- On June 10, 2026, Shiff disposed of 80,000 shares of common stock directly via a gift transaction (Code G) at a price of $0.
- Concurrently, 80,000 shares of common stock were acquired indirectly by Shiff's spouse via a gift transaction (Code G) at a price of $0.
- Following these transactions, Shiff directly beneficially owns 1,432,952 shares of common stock.
- Indirect beneficial ownership includes 120,000 shares by spouse, 379,955 shares by Shiff Group Investments Ltd., 13,274,618 shares by DZDLUX s.a.r.l., and 235,712 shares by Shiff Group Assets Ltd.
- Shiff also holds various stock options to buy common stock, with exercise prices ranging from $1.09 to $12.34 and expiration dates between December 31, 2026, and March 31, 2031.
- A specific block of 5,000 options with an exercise price of $1.12, expiring March 31, 2031, vests in twelve equal monthly installments starting April 30, 2026.
Sentiment
Score: 6
Explanation: StockSavvy.ai views this as a neutral to slightly positive event, as it represents an internal transfer of shares within the reporting person's family, maintaining overall insider commitment to the company without a market sale.
Positives
- The reporting person continues to hold a significant number of shares directly and indirectly, indicating continued alignment with shareholder interests.
- The gifting of shares to a spouse suggests a transfer within the family, maintaining overall family ownership.
Future Outlook
No forward-looking statements or guidance are provided.
Industry Context
StockSavvy.ai notes that Form 4 filings are routine disclosures of insider transactions and typically do not provide broader industry context. This specific filing reflects an internal transfer of ownership rather than a market-driven transaction.
Related Party Transactions
- The indirect ownership of shares through Shiff Group Investments Ltd., DZDLUX s.a.r.l., and Shiff Group Assets Ltd. are related party holdings, as the reporting person is an owner, President, CEO, or controlling person of these entities.
Stakeholder Impact
- Shareholders: The transaction indicates continued significant insider ownership, which can be viewed positively as alignment of interests.
- Employees, Customers, Suppliers, Creditors: No direct impact is indicated by this filing.
Key Dates
| Date | Description |
|---|---|
| 12/31/2021 | Date exercisable for 25,000 stock options with $12 exercise price. |
| 03/31/2022 | Date exercisable for 5,000 stock options with $12.34 exercise price. |
| 04/30/2023 | Date exercisable for 5,000 stock options with $3.28 exercise price. |
| 04/30/2024 | Date exercisable for 5,000 stock options with $1.09 exercise price. |
| 03/31/2025 | Date exercisable for 5,000 stock options with $1.26 exercise price. |
| 04/30/2026 | Date exercisable for 5,000 stock options with $1.12 exercise price, and start of monthly vesting installments. |
| 06/10/2026 | Date of gift transactions for common stock. |
| 06/12/2026 | Signature date of the reporting person. |
| 12/31/2026 | Expiration date for 25,000 stock options with $12 exercise price. |
| 03/11/2027 | Expiration date for 5,000 stock options with $12.34 exercise price. |
| 04/05/2028 | Expiration date for 5,000 stock options with $3.28 exercise price. |
| 04/04/2029 | Expiration date for 5,000 stock options with $1.09 exercise price. |
| 03/27/2030 | Expiration date for 5,000 stock options with $1.26 exercise price. |
| 03/31/2031 | Expiration date for 5,000 stock options with $1.12 exercise price. |
Recommendation
holdThe filing details a routine insider gift transaction, which does not fundamentally alter the company's operational or financial outlook. While it shows continued insider commitment, it lacks new information to warrant a change in investment stance.
Keywords
SKYX Platforms Corp., SKYX, Dov Shiff, Form 4, Insider Trading, Beneficial Ownership, Stock Options, Gift Transaction, Director Holdings, 10% Owner
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