[144] Sky Quarry Inc. SEC Filing

Rhea-AI Filing Summary

Form 144 notice for Sky Quarry Inc. (SKYQ) reports a proposed sale of 595,547 common shares on NASDAQ with an aggregate market value of $332,911, representing about 2.65% of the 22,480,036 shares outstanding. The shares were acquired in two gifts from David Sealock: 166,667 shares on 04/24/2023 and 428,880 shares on 02/18/2025, each received as a gift from a spouse with no cash consideration. No securities were sold by the reporting person in the past three months. The filer certifies they have no undisclosed material adverse information about the issuer. The filing provides transaction timing and broker details (Alpine Securities Ltd) but contains no financial results or forward guidance.

Positive

• Clear disclosure of sale specifics including number of shares, aggregate value, broker, approximate sale date, and exchange
• Acquisition history fully stated with dates, donor name (David Sealock) and that transfers were gifts from spouse with no cash consideration
• No sales in past three months reported, which may ease Rule 144 aggregation concerns
• Filer attestation that they have no undisclosed material adverse information about the issuer

Negative

• None.

Insights

Securities Analyst

TL;DR Routine Form 144 disclosure of a planned sale equal to ~2.65% of outstanding shares; transaction appears administratively compliant.

The filing documents a proposed sale of 595,547 common shares via Alpine Securities with clear acquisition history showing gifts from David Sealock on 04/24/2023 and 02/18/2025. The aggregate value of $332,911 is specified and there are no reported sales in the prior three months, which supports compliance with Rule 144 reporting expectations. From a market-impact perspective, the size (2.65% of shares outstanding) is modest but could create short-term selling pressure depending on float and trading volume; however, the filing contains no information on lock-ups or trading plans.

Corporate Governance Expert

TL;DR Disclosure is clear about donor, acquisition dates, and relationship; filing includes the standard attestation about material information.

The form lists the donor (David Sealock) and states the transfers were gifts from a spouse with no cash consideration, which helps clarify potential insider relations and related-party considerations. The attestation that the seller does not possess undisclosed material adverse information is present as required. The filing lacks any governance red flags such as undisclosed related-party compensation or concurrent unusual transactions, based solely on the provided content.

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 Shares	Alpine Securities Ltd 7170 East McDonald Drive Suite 6 Scottsdale AZ 85253	595547	332911.00	22480036	09/11/2025	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 Share	04/24/2023	Gift	David Sealock		04/28/2020	166667	04/24/2023	Received as gift from spouse, no cash consideration
Common Share	02/18/2025	Gift	David Sealock		04/28/2020	428880	02/18/2025	Received as gift from spouse, no cash consideration

* 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 the SKYQ Form 144 disclose about the number of shares to be sold?

The notice states 595,547 common shares are proposed for sale with an aggregate market value of $332,911.

When were the shares acquired according to the SKYQ filing?

The shares were acquired as gifts from David Sealock on 04/24/2023 (166,667 shares) and 02/18/2025 (428,880 shares).

What broker and exchange are listed for the SKYQ sale?

The broker listed is Alpine Securities Ltd and the sale is planned on NASDAQ with an approximate date of 09/11/2025.

Does the filing report any securities sold in the past three months for SKYQ?

No. The filing explicitly states: Nothing to Report for securities sold during the past three months.

What relationship is disclosed between the donor and the recipient in the SKYQ filing?

The filing states the shares were received as gifts from spouse, naming the donor as David Sealock.