SKYQ (NASDAQ: SKYQ) affiliate notifies proposed sale of 10,000 shares to broker

Rhea-AI Filing Summary

SKYQ submitted a Form 144 notice reporting a proposed sale of 10,000 common shares held by an affiliate through Morgan Stanley Smith Barney LLC. The filing lists $47,670,000.00 on the same line and records the shares as acquired on 01/10/2025 as compensation.

The broker is listed as Morgan Stanley Smith Barney LLC and the market noted is NASDAQ. The notice date appears as 03/03/2026.

Insights

Securities Lawyer

Form 144 notifies the market of an affiliate's proposed sale; SEC procedural filing.

Form 144 is a statutory notice required when affiliates propose to sell restricted or control securities in reliance on Rule 144. The excerpt lists 10,000 common shares acquired on 01/10/2025 as compensation, and names Morgan Stanley Smith Barney LLC as the broker.

Timing and execution details are not in the excerpt; subsequent Form 4/Form 5 or broker reports would confirm actual sales.

Equity Capital Markets Analyst

Administrative notice of potential resale; impact depends on whether shares are sold.

The filing lists an aggregate figure of $47,670,000.00 on the same line as 10,000 shares, but the excerpt does not explicitly label that number. The shares were recorded as acquired via compensation on 01/10/2025.

Actual market impact will depend on whether the affiliate completes transactions; the excerpt shows proposed sale mechanics only.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	10000	47670000.00	24776381	03/03/2026	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	01/10/2025	Private Acquisition from Issuer/Affiliate	Issuer			10000	01/10/2025	Compensation

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Nothing to Report

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does SKYQ's Form 144 report?

It reports a proposed sale of 10,000 common shares by an affiliate filed with Morgan Stanley Smith Barney LLC. The filing lists acquisition as 01/10/2025 and includes a line item of $47,670,000.00 in the excerpt.

Does the Form 144 mean the shares were already sold for SKYQ?

No. Form 144 is a notice of a proposed sale, not proof of sale. The excerpt shows the affiliate's intent and broker, but it does not confirm execution or settlement of transactions.

Who is the broker handling the proposed sale in the SKYQ filing?

The broker named in the excerpt is Morgan Stanley Smith Barney LLC, located at 1 New York Plaza, 8th Floor, New York. The NASDAQ market is listed on the same line.

When were the 10,000 SKYQ shares acquired?

The shares are shown as acquired on 01/10/2025 and recorded as received for compensation in the excerpt. The Form 144 lists the proposed sale date information alongside the acquisition date.

Is the $47,670,000.00 amount the sale proceeds for SKYQ?

The excerpt includes $47,670,000.00 on the same line as the 10,000 shares, but it does not explicitly label that number as proceeds. The filing text does not confirm how that figure should be interpreted.