Form 4: SKYX Platforms CFO Sells Shares to Cover Tax Obligations

Marc Andre Boisseau, CFO of SKYX Platforms Corp., sold 16,921 shares of common stock to cover tax obligations related to vesting restricted stock units.

Summary

• On April 5, 2025, Marc Andre Boisseau, the Chief Financial Officer of SKYX Platforms Corp., disposed of 16,921 shares of common stock.
• The transaction was executed to satisfy tax withholding obligations related to the vesting of restricted stock units.
• The shares were sold at a price of $1.02 per share.
• Following the transaction, Boisseau directly owns 92,607 shares of SKYX Platforms Corp.
• Boisseau also holds options to purchase 120,000 shares of common stock at an exercise price of $3.28, which are fully vested.

Sentiment

Score: 5

Explanation: Neutral sentiment as it's a routine transaction to cover tax obligations. No indication of positive or negative outlook.

Industry Context

This is a routine Form 4 filing, indicating insider activity. It's common for executives to sell shares to cover tax obligations when restricted stock units vest. The impact on the stock price is usually minimal unless the sale is substantial or part of a larger trend.

Stakeholder Impact

• The sale of shares could have a minor negative impact on shareholders due to the increased supply of shares in the market, but the effect is likely to be negligible.

Key Dates

Keywords

SKYX Platforms Corp, Marc Andre Boisseau, Form 4, Insider Trading, CFO, Stock Sale, Tax Obligations, Restricted Stock Units, Common Stock, Stock Options