Let $X$ be a complex manifold (for example $\mathbb CP^n$), let $v$ be a holomorphic vector field on $X$, and let $F$ be a coherent sheaf (for example a vector bundle or a structure sheaf of a point). Then $v$ defines an element in $Ext^1(F,F)$. Indeed $v$ generates an action of $\mathbb C$ on $X$ and taking pull-backs of $F$ under this action we get a deformation of $F$, hence an element of $Ext^1(F,F)$.

**Question**. Is there any fancy (or not fancy) way to express the corresponding element of $Ext^1(F,F)$ in terms of $v$ and $F$? Maybe there is some construction with jets? (I understand, this is a bit vague)

**Added.** Two equally nice and far leading answers were given to this question. I would like summarise here what I understood from David's answer in down to earth terms. So, we want to associate an extension $F\to E\to F$ to a vector field $v$. Suppose (just for the sake of been very much down to earth), that $F$ is a vector bundle, and $v$ has no zeros. Then we can consider $1$-jets of sections of $F$ in the direction of $v$ (or if you want, along trajectories of $v$). It is not hard to see that this is a bundle of rank $2rank(F)$, and this is exactly $E$, that we are looking for.