[144] Sky Quarry Inc. SEC Filing
Rhea-AI Filing Summary
Sky Quarry Inc. (SKYQ) Form 144 notice: A person proposes to sell 110,000 common shares through Haywood Securities on 09/08/2025 on NASDAQ, with an aggregate market value of $77,000. Total shares outstanding are reported as 22,480,036. The shares were acquired on 07/01/2020 by subscription from Sky Quarry Inc., with the acquisition recorded as payment for services. The filer reports no securities sold in the past three months and includes the standard signature representation that they are not aware of undisclosed material adverse information.
Positive
- Form filed in compliance with Rule 144, providing transparency about a proposed sale
- Broker and exchange identified (Haywood Securities; NASDAQ), enabling market participants to track the transaction
Negative
- Proposed insider sale of 110,000 shares (aggregate $77,000) could be perceived negatively by some investors
- Acquisition was non-cash (payment for services), which may merit additional disclosure elsewhere about the services provided
Insights
TL;DR: Routine insider proposed sale: 110,000 shares ( ~$77k) announced; modest relative size versus outstanding shares, limited immediate market impact.
The filing notifies a proposed sale of 110,000 common shares via a broker, representing roughly 0.49% of the reported 22,480,036 shares outstanding (calculated from figures in the filing). The aggregate market value is listed as $77,000, indicating a per-share value implied by the filer. There are no reported sales in the prior three months, and the shares were acquired by subscription on 07/01/2020 as payment for services. This is a compliance disclosure under Rule 144 and does not by itself provide operational or earnings information.
TL;DR: Disclosure meets Rule 144 notice requirements; the filing documents a non-cash acquisition and a planned brokered sale on NASDAQ.
The form details the nature of acquisition (subscription agreement, payment in services) and identifies Haywood Securities as the broker and NASDAQ as the venue. The filer attests there is no undisclosed material adverse information, which is the standard certification on this notice. The document contains no information on insider identity, trading plan dates, or any lock-up/aggregation beyond what is required for this notice.