[144] Sky Quarry Inc. SEC Filing
Rhea-AI Filing Summary
Sky Quarry Inc. (SKYQ) notice reports a proposed sale of 110,000 common shares (approximate aggregate market value $77,000) to be executed on 09/08/2025 on NASDAQ. The shares represent part of 22,480,036 common shares outstanding. The seller acquired these shares on 07/01/2020 under a subscription agreement from Sky Quarry Inc. and the consideration was recorded as services. The filing states there were no securities sold in the past three months by the seller. Certain filer contact fields and issuer identification fields are blank in the provided content.
Positive
- Disclosure of sale quantity and timing: The filing specifies 110,000 shares and an approximate sale date of 09/08/2025.
- Acquisition transparency: The table shows acquisition date (07/01/2020), method (subscription agreement), and form of payment (services), meeting Rule 144 detail requirements.
- No recent sales: The filer reports "Nothing to Report" for securities sold in the past three months.
Negative
- Incomplete filer/issuer metadata: Filer CIK, contact information and issuer identification fields are blank in the provided content, reducing traceability.
- Limited materiality: The block represents ~0.49% of outstanding shares, so it is unlikely to be materially impactful but also provides limited investor-relevant change.
- No seller identity in extract: The person for whose account the securities will be sold is not clearly named in the supplied text.
Insights
TL;DR: Routine Rule 144 sale disclosure; modest size relative to float, limited near-term market impact.
The filing documents a Section 144 notice for 110,000 shares valued at about $77,000, to be sold on NASDAQ. For a company with 22,480,036 shares outstanding this block is relatively small (~0.49% of outstanding shares) and is unlikely to materially affect market liquidity or share price by itself. The acquisition was by subscription and paid via services, which is disclosed. The notice conforms to Rule 144 mechanics but lacks identifying filer contact and issuer-specific fields in the provided extract, which limits verification.
TL;DR: Disclosure meets basic Rule 144 content requirements, but incomplete issuer/filer metadata reduces transparency.
The form includes required transactional details: class, quantity, acquisition date and method, payment nature, and planned sale date. This supports insider/affiliate transparency. However, missing filer CIK/contact and blank issuer identification fields in the supplied text hinder traceability and auditability of the filer’s compliance posture. No recent sales in the past three months are reported, which is relevant for aggregation under Rule 144(e).