BSAI insider converts debt to 22,415 shares at $5 on 09/30/2025

Rhea-AI Filing Summary

Trent D'Ambrosio, a director, 10% owner and officer (CEO/CFO) of BLUSKY AI Inc. (BSAI), reported two non-derivative acquisitions on 09/30/2025. He received 13,007 shares at $5 issued to an entity he controls, Digital Asset Medium LLC, in conversion of debt and unreimbursed expenses. He also received 9,408 shares at $5 from conversion of debt owed to his spouse, Debra D'Ambrosio. After these transactions his reported beneficial ownership increased to 21,027,546 shares (indirect). The form is a Section 16 filing signed on 10/07/2025.

Positive

• Debt converted to equity reduces outstanding creditor claims by issuing 22,415 shares at $5
• Reporting person increased indirect ownership to 21,027,546 shares, signaling continued insider stake

Negative

• Conversion terms not fully disclosed, leaving unclear the original debt amounts and potential dilution impact
• Significant indirect ownership concentration (over 21M shares) could affect governance dynamics

Insights

Corporate Governance Expert

Insider converted debt to equity, raising indirect ownership to 21.0M shares.

The transactions show debt-to-equity conversions executed on 09/30/2025 at $5 per share, with 13,007 shares issued to an entity controlled by the reporting person and 9,408 shares issued via conversion of a spouse's claim. This increases the reporting person's reported indirect stake to 21,027,546 shares.

The primary dependencies are the outstanding debt amounts and any related pre-existing agreements that governed conversion terms; those details are not disclosed here. Near term, monitor any further Form 4 filings or schedule updates that disclose additional conversions, transfers, or changes in beneficial ownership.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

D'Ambrosio Trent

(Last) (First) (Middle)

5330 S. 900 E.

STE. 280

(Street)

MURRAY UT 84117

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
BLUSKY AI INC. [ BSAI ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	X	10% Owner
X	Officer (give title below)		Other (specify below)
	CEO/CFO

3. Date of Earliest Transaction (Month/Day/Year)
09/30/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	09/30/2025	09/30/2025	C		13,007	A	$5	21,018,138	I	See Footnote(1)
Common Stock	09/30/2025	09/30/2025	C		9,408	A	$5	21,027,546	I	See Footnote(2)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. These shares were issued to Digital Asset Medium LLC, and entity that is owned and controlled by Trent D'Ambrosio, in a conversion of debt and unreimbursed expenses.

2. These shares were received through a conversion of debt owed to Debra D'Ambrosio, Trent D'Ambrosio's spouse.

	/s/ Trent D'Ambrosio	10/07/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did Trent D'Ambrosio report on Form 4 for BSAI?

He reported two stock acquisitions on 09/30/2025: 13,007 shares issued to Digital Asset Medium LLC and 9,408 shares from conversion of debt owed to his spouse, both at $5 per share.

How many shares does the reporting person beneficially own after the transactions?

The filing reports 21,027,546 shares beneficially owned following the reported transactions.

Why were the shares issued to Digital Asset Medium LLC?

The filing states those 13,007 shares were issued to Digital Asset Medium LLC in conversion of debt and unreimbursed expenses.

Were any derivative securities reported in this Form 4?

No derivative securities were listed; the filing reports only non-derivative common stock acquisitions.

When was the Form 4 signed and filed?

The signature is dated 10/07/2025.