SCHEDULE 13D/A: SKYX Platforms: Shiff Group Ownership Update

Sentiment:

Beneficial Ownership Amendment 27 January 2026 10:18 PM

Dov Shiff and affiliated entities updated their beneficial ownership in SKYX Platforms Corp., now holding 11.7% of outstanding common stock.

Summary

Dov Shiff and his affiliated entities (Shiff Group Investments Ltd., Shiff Group Assets Ltd., and DZDLUX s.a.r.l.) collectively beneficially own 15,438,237 shares of SKYX Platforms Corp. Common Stock.
This aggregate ownership represents approximately 11.7% of the company's outstanding shares, based on 131,515,108 shares outstanding as of January 26, 2026.
The filing is an Amendment No. 7 to the original Schedule 13D, primarily reflecting a change in the percentage of beneficial ownership due to a change in the total outstanding shares of Common Stock.
Dov Shiff holds sole voting power over 1,547,952 shares and sole dispositive power over 1,592,952 shares, which includes 40,000 shares held by his spouse and 45,000 shares from exercisable stock options.
Mr. Shiff also has shared voting and dispositive power over 13,890,285 shares held by the affiliated entities, where he serves as President and CEO or controlling person.
No transactions in the Common Stock have been effected by the Reporting Persons since the filing of Amendment No. 6 on January 5, 2026.

Sentiment

Score: 5

Explanation: The filing is a neutral, factual update on beneficial ownership, reflecting a minor, non-transactional change in percentage due to an increase in outstanding shares. It contains no positive or negative operational or financial news.

Positives

Negatives

The beneficial ownership percentage for Dov Shiff and affiliated entities slightly decreased from 11.8% to 11.7%, primarily due to an increase in the total outstanding shares of Common Stock, indicating a minor dilution of their proportional stake.

Risks

Future Outlook

This filing does not contain forward-looking statements or guidance regarding the company's future operations or financial performance, focusing solely on beneficial ownership reporting.

Management Comments

Industry Context

This Schedule 13D amendment is a routine regulatory filing related to changes in beneficial ownership and does not provide specific insights into broader industry trends or competitive landscape for SKYX Platforms Corp. It primarily reflects an internal adjustment in ownership percentage due to changes in the company's share count.

Comparison to Industry Standards

Management Changes

Role	Previous Person	New Person	Effective Date	Reason
President and Chief Executive Officer	NA	Dov Shiff (of Shiff Group Investments Ltd.)	NA	Dov Shiff is identified in this role for Shiff Group Investments Ltd., which is a reporting person, but this filing does not indicate a change in his role.
Controlling Person	NA	Dov Shiff (of Shiff Group Assets Ltd. and DZDLUX s.a.r.l.)	NA	Dov Shiff is identified in this role for Shiff Group Assets Ltd. and DZDLUX s.a.r.l., which are reporting persons, but this filing does not indicate a change in his role.

Corporate Governance

Change Type	Description	Effective Date	Impact Assessment
Joint Filing Agreement	The Reporting Persons have entered into an agreement for the joint filing of this Statement, as permitted by Rule 13d-1(k) under the Securities Exchange Act of 1934.	NA	This agreement streamlines regulatory compliance for the group of affiliated beneficial owners, ensuring consistent reporting.

Legal Proceedings

Related Party Transactions

Stakeholder Impact

Shareholders: The slight decrease in the beneficial ownership percentage of a significant insider group (Dov Shiff and affiliates) due to an increase in outstanding shares could be perceived as minor dilution, though no direct share transactions by the reporting persons occurred.

Next Steps

Key Dates

Date	Description
2021-12-31	Grant date for 25,000 stock options to Dov Shiff at an exercise price of $12.00 per share, expiring December 31, 2026.
2022-02-16	Original filing date of the Statement of Beneficial Ownership on Schedule 13D by the Reporting Persons.
2022-03-11	Grant date for 5,000 stock options to Dov Shiff at an exercise price of $12.34 per share, expiring March 11, 2027.
2023-04-05	Grant date for 5,000 stock options to Dov Shiff at an exercise price of $3.28 per share, expiring April 5, 2028.
2024-04-04	Grant date for 5,000 stock options to Dov Shiff at an exercise price of $1.09 per share, expiring April 4, 2029.
2025-03-27	Grant date for 5,000 stock options to Dov Shiff at an exercise price of $1.26 per share, expiring March 27, 2030.
2026-01-05	Filing date of Amendment No. 6 to the Statement of Beneficial Ownership on Schedule 13D; no transactions by Reporting Persons since this date.
2026-01-26	Date of event which requires filing of this statement; also the date used for calculating outstanding shares (131,515,108 shares).
2026-01-27	Signature date of the current Amendment No. 7 filing.

Recommendation

hold

This filing is a routine regulatory update regarding beneficial ownership and does not contain new information about the company's operations, financial performance, or strategic direction that would warrant a change in investment recommendation. The slight decrease in percentage ownership is due to an increase in outstanding shares, not a divestment by the reporting persons, and therefore has a neutral impact on the investment thesis. Investors should hold and await more substantive company updates.

Keywords

SKYX Platforms Corp., Dov Shiff, Schedule 13D, Beneficial Ownership, Common Stock, Shareholder, Equity Stake, Corporate Governance

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