Form 4: SKYX Platforms CFO Marc Andre Boisseau Reports Share Disposal for Tax Obligations
SEC Form 4 Filing
Marc Andre Boisseau, CFO of SKYX Platforms Corp., disposed of 5,582 shares to cover tax obligations related to vesting restricted stock units.
Summary
- On May 15, 2024, Marc Andre Boisseau, the Chief Financial Officer of SKYX Platforms Corp., filed a Form 4.
- The form reports the disposal of 5,582 shares of common stock to satisfy tax withholding obligations related to the vesting of restricted stock units (RSUs).
- The transaction was executed at a price of $1.1 per share.
- Following the transaction, Boisseau directly owns 109,528 shares, which includes 40,000 RSUs vesting on April 5, 2025.
- Boisseau also holds options to purchase 120,000 shares at $3.28, vesting in equal annual installments from April 5, 2023, and options to purchase 10,000 shares at $12.34, expiring on March 11, 2025.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to stock transactions by a company executive; it doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and tax obligations, common in publicly traded companies.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it involves a small number of shares being disposed of by a company executive.
Key Dates
| Date | Description |
|---|---|
| 03/31/2022 | Date of stock option grant with an exercise price of $12.34. |
| 04/05/2023 | Date of stock option grant with an exercise price of $3.28, vesting in three equal annual installments. |
| 03/11/2025 | Expiration date of stock options granted on 03/31/2022. |
| 04/05/2025 | Vesting date for 40,000 Restricted Stock Units (RSUs). |
| 04/05/2028 | Expiration date of stock options granted on 04/05/2023. |
| 05/15/2024 | Date of the reported transaction: disposal of shares to cover tax obligations. |
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