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STOCK TITAN

[8-K] SKYX Platforms Corp. Reports Material Event

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
8-K
Rhea-AI Filing Summary

Rubrik, Inc. (RBRK) � Form 4 Insider Activity

Chief Financial Officer Kiran Kumar Choudary reported two transactions dated 07/09/2025:

  • Option exercise & conversion: 2,000 stock options exercised at a $7.99 strike (Code M) and automatically converted from Class B to Class A shares (Code C) at a reported price of $0.
  • Open-market sale: 3,500 Class A shares sold at $87.54 (Code S), generating � $0.31 million in gross proceeds.

Post-transaction, the CFO directly holds 521,595 Class A shares and 70,450 derivative securities. The net reduction of 1,500 shares represents under 0.3 % of his direct equity position, signalling only a marginal change in insider ownership.

Rubrik, Inc. (RBRK) � Attività Insider Modulo 4

Il Chief Financial Officer Kiran Kumar Choudary ha riportato due operazioni datate 09/07/2025:

  • Esercizio opzioni e conversione: 2.000 opzioni su azioni esercitate a un prezzo di esercizio di 7,99 $ (Codice M) e automaticamente convertite da azioni di Classe B a Classe A (Codice C) a un prezzo dichiarato di 0 $.
  • Vendita sul mercato aperto: 3.500 azioni di Classe A vendute a 87,54 $ (Codice S), generando circa 0,31 milioni di dollari di ricavi lordi.

Dopo le operazioni, il CFO detiene direttamente 521.595 azioni di Classe A e 70.450 strumenti derivati. La riduzione netta di 1.500 azioni rappresenta meno dello 0,3% della sua posizione azionaria diretta, indicando un cambiamento marginale nella proprietà insider.

Rubrik, Inc. (RBRK) � Actividad Insider Formulario 4

El Director Financiero Kiran Kumar Choudary reportó dos transacciones fechadas el 09/07/2025:

  • Ejercicio y conversión de opciones: 2,000 opciones sobre acciones ejercidas a un precio de ejercicio de 7,99 $ (Código M) y convertidas automáticamente de acciones Clase B a Clase A (Código C) a un precio reportado de 0 $.
  • Venta en mercado abierto: 3,500 acciones Clase A vendidas a 87,54 $ (Código S), generando aproximadamente 0,31 millones de dólares en ingresos brutos.

Tras las transacciones, el CFO posee directamente 521,595 acciones Clase A y 70,450 valores derivados. La reducción neta de 1,500 acciones representa menos del 0,3 % de su posición accionaria directa, señalando un cambio marginal en la propiedad insider.

Rubrik, Inc. (RBRK) � Form 4 내부� 거래 내역

최고재무책임� Kiran Kumar Choudary가 2025� 7� 9일자 � 건의 거래� 보고했습니다:

  • 옵션 행사 � 전환: 행사가 7.99달러� 2,000� 스톡옵션� 행사하고, 클래� B 주식� 클래� A 주식으로 자동 전환(코드 C)했으�, 보고� 가격은 0달러입니�.
  • 시장 � 공개 매도: 클래� A 주식 3,500주를 87.54달러� 매도(코드 S)하여 � 31� 달러� � 수익� 창출했습니다.

거래 � CFO� 직접 521,595주의 클래� A 주식� 70,450개의 파생 증권� 보유하고 있습니다. 1,500� 순감소는 그의 직접 지분의 0.3% 미만으로, 내부� 보유 지분에 미미� 변화를 나타냅니�.

Rubrik, Inc. (RBRK) � Activité des initiés Formulaire 4

Le Directeur financier Kiran Kumar Choudary a déclaré deux transactions datées du 09/07/2025 :

  • Exercice et conversion d’options : 2 000 options d’achat exercées à un prix d’exercice de 7,99 $ (Code M) et automatiquement converties d’actions de Classe B en actions de Classe A (Code C) à un prix déclaré de 0 $.
  • Vente sur le marché libre : 3 500 actions de Classe A vendues à 87,54 $ (Code S), générant environ 0,31 million de dollars de produit brut.

Après ces opérations, le CFO détient directement 521 595 actions de Classe A et 70 450 titres dérivés. La réduction nette de 1 500 actions représente moins de 0,3 % de sa position en actions directes, indiquant un changement marginal dans la détention des initiés.

Rubrik, Inc. (RBRK) � Form 4 Insider-Aktivitäten

Finanzvorstand Kiran Kumar Choudary meldete zwei Transaktionen vom 09.07.2025:

  • Optionsausübung & Umwandlung: 2.000 Aktienoptionen zum Ausübungspreis von 7,99 $ (Code M) ausgeübt und automatisch von Klasse B in Klasse A Aktien umgewandelt (Code C) zum gemeldeten Preis von 0 $.
  • Verkauf am offenen Markt: 3.500 Klasse A Aktien zu 87,54 $ (Code S) verkauft, was Bruttoerlöse von ca. 0,31 Mio. $ generierte.

Nach den Transaktionen hält der CFO direkt 521.595 Klasse A Aktien und 70.450 derivative Wertpapiere. Die Nettoreduktion von 1.500 Aktien entspricht weniger als 0,3 % seiner direkten Beteiligung und signalisiert nur eine marginale Veränderung im Insider-Besitz.

Positive
  • None.
Negative
  • None.

Insights

TL;DR: Small sale; ownership largely unchanged—minimal signal.

The CFO’s combination of option exercise and subsequent sale is routine portfolio management. Net disposition of 1,500 shares is immaterial versus a remaining stake exceeding 521k shares. The $87.54 sale price is well above the $7.99 exercise cost, but the proceeds represent a fraction of overall insider holdings. There is no indication of broad strategic intent or financial distress. Market impact is expected to be neutral.

TL;DR: Rule 10b5-1 plan mitigates governance concerns.

The sale was executed under a pre-arranged Rule 10b5-1 plan adopted 01/15/2025, aligning with best-practice governance standards and reducing the risk of information-based trading allegations. Continued sizable ownership aligns management’s incentives with shareholders. No red flags emerge from this filing.

Rubrik, Inc. (RBRK) � Attività Insider Modulo 4

Il Chief Financial Officer Kiran Kumar Choudary ha riportato due operazioni datate 09/07/2025:

  • Esercizio opzioni e conversione: 2.000 opzioni su azioni esercitate a un prezzo di esercizio di 7,99 $ (Codice M) e automaticamente convertite da azioni di Classe B a Classe A (Codice C) a un prezzo dichiarato di 0 $.
  • Vendita sul mercato aperto: 3.500 azioni di Classe A vendute a 87,54 $ (Codice S), generando circa 0,31 milioni di dollari di ricavi lordi.

Dopo le operazioni, il CFO detiene direttamente 521.595 azioni di Classe A e 70.450 strumenti derivati. La riduzione netta di 1.500 azioni rappresenta meno dello 0,3% della sua posizione azionaria diretta, indicando un cambiamento marginale nella proprietà insider.

Rubrik, Inc. (RBRK) � Actividad Insider Formulario 4

El Director Financiero Kiran Kumar Choudary reportó dos transacciones fechadas el 09/07/2025:

  • Ejercicio y conversión de opciones: 2,000 opciones sobre acciones ejercidas a un precio de ejercicio de 7,99 $ (Código M) y convertidas automáticamente de acciones Clase B a Clase A (Código C) a un precio reportado de 0 $.
  • Venta en mercado abierto: 3,500 acciones Clase A vendidas a 87,54 $ (Código S), generando aproximadamente 0,31 millones de dólares en ingresos brutos.

Tras las transacciones, el CFO posee directamente 521,595 acciones Clase A y 70,450 valores derivados. La reducción neta de 1,500 acciones representa menos del 0,3 % de su posición accionaria directa, señalando un cambio marginal en la propiedad insider.

Rubrik, Inc. (RBRK) � Form 4 내부� 거래 내역

최고재무책임� Kiran Kumar Choudary가 2025� 7� 9일자 � 건의 거래� 보고했습니다:

  • 옵션 행사 � 전환: 행사가 7.99달러� 2,000� 스톡옵션� 행사하고, 클래� B 주식� 클래� A 주식으로 자동 전환(코드 C)했으�, 보고� 가격은 0달러입니�.
  • 시장 � 공개 매도: 클래� A 주식 3,500주를 87.54달러� 매도(코드 S)하여 � 31� 달러� � 수익� 창출했습니다.

거래 � CFO� 직접 521,595주의 클래� A 주식� 70,450개의 파생 증권� 보유하고 있습니다. 1,500� 순감소는 그의 직접 지분의 0.3% 미만으로, 내부� 보유 지분에 미미� 변화를 나타냅니�.

Rubrik, Inc. (RBRK) � Activité des initiés Formulaire 4

Le Directeur financier Kiran Kumar Choudary a déclaré deux transactions datées du 09/07/2025 :

  • Exercice et conversion d’options : 2 000 options d’achat exercées à un prix d’exercice de 7,99 $ (Code M) et automatiquement converties d’actions de Classe B en actions de Classe A (Code C) à un prix déclaré de 0 $.
  • Vente sur le marché libre : 3 500 actions de Classe A vendues à 87,54 $ (Code S), générant environ 0,31 million de dollars de produit brut.

Après ces opérations, le CFO détient directement 521 595 actions de Classe A et 70 450 titres dérivés. La réduction nette de 1 500 actions représente moins de 0,3 % de sa position en actions directes, indiquant un changement marginal dans la détention des initiés.

Rubrik, Inc. (RBRK) � Form 4 Insider-Aktivitäten

Finanzvorstand Kiran Kumar Choudary meldete zwei Transaktionen vom 09.07.2025:

  • Optionsausübung & Umwandlung: 2.000 Aktienoptionen zum Ausübungspreis von 7,99 $ (Code M) ausgeübt und automatisch von Klasse B in Klasse A Aktien umgewandelt (Code C) zum gemeldeten Preis von 0 $.
  • Verkauf am offenen Markt: 3.500 Klasse A Aktien zu 87,54 $ (Code S) verkauft, was Bruttoerlöse von ca. 0,31 Mio. $ generierte.

Nach den Transaktionen hält der CFO direkt 521.595 Klasse A Aktien und 70.450 derivative Wertpapiere. Die Nettoreduktion von 1.500 Aktien entspricht weniger als 0,3 % seiner direkten Beteiligung und signalisiert nur eine marginale Veränderung im Insider-Besitz.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): July 9, 2025

 

SKYX PLATFORMS CORP.

(Exact name of Registrant as Specified in its Charter)

 

Florida   001-41276   46-3645414

(State or other jurisdiction

of incorporation)

 

(Commission

File Number)

 

(IRS Employer

Identification No.)

 

2855 W. McNab Road

Pompano Beach, Florida 33069

(Address of principal executive offices, including zip code)

 

Registrant’s telephone number, including area code: (855) 759-7584

 

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class   Trading symbol(s)   Name of each exchange on which registered
Common Stock, no par value per share   SKYX   The Nasdaq Stock Market LLC

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

 

Emerging growth company

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 

 

 

 

 

Item 5.07Submission of Matters to a Vote of Security Holders.

 

SKYX Platforms Corp. (the “Company”) held its 2025 Annual Meeting of Stockholders (the “Annual Meeting”) on July 9, 2025, at 11:00 a.m. Eastern Time, at 2855 W. McNab Road, Pompano Beach, Florida 33069. At the Annual Meeting:

 

  1. Rani R. Kohen, Nancy DiMattia, Gary N. Golden, Efrat L. Greenstein Brayer, Thomas J. Ridge, Dov Shiff, and Leonard J. Sokolow were elected to serve as directors until the next annual meeting of stockholders or until their successors have been duly elected and qualified.
     
  2. The appointment of M&K CPAS, PLLC as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2025 was ratified.
     
  3. The compensation of the Company’s named executive officers was approved on an advisory, non-binding basis.

 

The voting results for each such matter were as follows:

 

  1. Election of Directors:

 

Nominee   For   Withheld   Broker Non-Votes
Rani R. Kohen   25,572,013   468,170   25,930,743
Nancy DiMattia   25,598,146   442,037   25,930,743
Gary N. Golden   25,600,739   439,444   25,930,743
Efrat L. Greenstein Brayer   25,748,594   291,589   25,930,743
Thomas J. Ridge   25,168,784   871,399   25,930,743
Dov Shiff   25,509,225   530,958   25,930,743
Leonard J. Sokolow   25,597,532   442,651   25,930,743

 

  2. Ratification of M&K CPAS, PLLC as the Company’s Independent Registered Public Accounting Firm:

 

For   Against   Abstain   Broker Non-Votes
51,035,872   860,184   74,870  

 

  3. Advisory, Non-Binding Vote on Executive Compensation:

 

For   Against   Abstain   Broker Non-Votes
25,287,709   660,715   91,759   25,930,743

 

 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

  SKYX PLATFORMS CORP.
     
Date: July 11, 2025 By: /s/ Leonard J. Sokolow
  Name: Leonard J. Sokolow
  Title: Co-Chief Executive Officer

 

 

FAQ

How many Rubrik (RBRK) shares did the CFO sell?

3,500 Class A shares were sold on 07/09/2025 at $87.54 each.

Did the Rubrik CFO exercise any stock options?

Yes, 2,000 options were exercised at a $7.99 strike price, converting into Class A shares.

What is the CFO’s remaining Rubrik shareholding after the transactions?

He directly owns 521,595 Class A shares plus 70,450 derivative securities.

Was the sale made under a Rule 10b5-1 trading plan?

Yes, the filing states the sale occurred under a Rule 10b5-1 plan adopted 01/15/2025.

Is the insider transaction likely to impact RBRK stock materially?

Given the small net sale (�1,500 shares) relative to total outstanding shares, the market impact is expected to be minimal.
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