Sky Quarry interim CEO granted 30,000 shares

FLEMMING MATTHEW C reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

FLEMMING MATTHEW C reported acquisition or exercise transactions in this Form 4 filing.

Sky Quarry Inc. reported that Interim CEO and Interim CFO Matthew C. Flemming received a grant of 30,000 shares of common stock on May 27, 2026. The shares were awarded at a price of $0.00 per share as an equity grant under the Sky Quarry Inc. 2024 Equity Incentive Plan.

Following this award, Flemming beneficially owns 102,348.625 shares of Sky Quarry common stock directly. The ownership figure reflects a 1-for-8 reverse stock split that the company effected since his prior Form 4 filing.

Insider Trade Summary

Grant/Award: 30,000 shares

Grant/Award 1 txn

Insider FLEMMING MATTHEW C

Role Interim CEO, Interim CFO

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	30,000	$0.00	$0.00

Holdings After Transaction: Common Stock — 102,348.625 shares (Direct)

Footnotes (1)

1. F1. Represents shares of the Company's common stock granted to the Reporting Person as an equity award under the Sky Quarry Inc. 2024 Equity Incentive Plan. The amount of securities beneficially owned reflects a 1-for-8 reverse stock split effected by the Issuer since the reporting person's last Form 4 filing.

Key Figures

Equity grant: 30,000 shares Grant price: $0.00 per share Shares owned after grant: 102,348.625 shares +1 more

4 metrics

Equity grant 30,000 shares Common Stock awarded on May 27, 2026

Grant price $0.00 per share Price for awarded common stock

Shares owned after grant 102,348.625 shares Direct beneficial ownership following transaction

Reverse stock split ratio 1-for-8 Reverse split applied since prior Form 4

Key Terms

Equity Incentive Plan, reverse stock split, beneficially owned, Grant, award, or other acquisition

4 terms

Equity Incentive Plan financial

"granted to the Reporting Person as an equity award under the Sky Quarry Inc. 2024 Equity Incentive Plan"

An equity incentive plan is a program that gives employees, executives or directors the right to receive company stock or options to buy stock as part of their pay. Think of it as offering slices of future company profit to motivate people to boost long‑term performance; for investors it matters because it can align employee goals with shareholder value but also increases the number of shares outstanding, which can dilute existing ownership.

reverse stock split financial

"reflects a 1-for-8 reverse stock split effected by the Issuer"

A reverse stock split reduces a company's number of outstanding shares while raising the price per share proportionally, so the total value of each investor's holding is unchanged; a 1-for-10 split turns 100 shares worth $1 each into 10 shares worth $10 each. Companies often do this to regain compliance with an exchange's minimum price rule or to attract investors who avoid very low-priced stocks.

beneficially owned financial

"The amount of securities beneficially owned reflects a 1-for-8 reverse stock split"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

Grant, award, or other acquisition financial

"transaction code description: Grant, award, or other acquisition"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Sky Quarry (SKYQ) report for Matthew C. Flemming?

Sky Quarry reported that Interim CEO and Interim CFO Matthew C. Flemming received a grant of 30,000 common shares. The award was made on May 27, 2026 under the company’s 2024 Equity Incentive Plan and reflects equity-based executive compensation rather than an open-market trade.

How many Sky Quarry (SKYQ) shares were granted to Matthew C. Flemming and at what price?

Matthew C. Flemming was granted 30,000 shares of Sky Quarry common stock at $0.00 per share. This indicates a compensation-related equity award, not a purchase, and it was issued under the Sky Quarry Inc. 2024 Equity Incentive Plan as disclosed in the Form 4 filing.

What is Matthew C. Flemming’s Sky Quarry (SKYQ) share ownership after this Form 4 transaction?

After the 30,000-share grant, Matthew C. Flemming beneficially owns 102,348.625 shares of Sky Quarry common stock directly. This updated holding amount incorporates the impact of the company’s 1-for-8 reverse stock split since his previous Form 4 submission, as noted in the disclosure.

Was the Sky Quarry (SKYQ) insider transaction an open-market buy or a compensation award?

The transaction was a compensation-related equity award, not an open-market purchase or sale. Form 4 identifies it with transaction code “A” for a grant or award, at $0.00 per share, under the Sky Quarry Inc. 2024 Equity Incentive Plan for the interim CEO and CFO.

How does Sky Quarry’s 1-for-8 reverse stock split affect Matthew C. Flemming’s reported holdings?

The Form 4 explains that Flemming’s beneficial ownership reflects a 1-for-8 reverse stock split implemented since his prior filing. This means previously reported share amounts were proportionally reduced, and the new 102,348.625-share figure is adjusted to that post-split share structure baseline.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/29/2026 - 07:08 PM Learn about SEC filing dates

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

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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^*

FLEMMING MATTHEW C

(Last) (First) (Middle)

C/O SKY QUARRY INC.

707 W 700 S, SUITE 101

(Street)

WOODS CROSS UTAH 84087

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Sky Quarry Inc. [ SKYQ ]

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/27/2026

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

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

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

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(1)	05/27/2026		A		30,000	A	$0.0000	102,348.625	D

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. Represents shares of the Company's common stock granted to the Reporting Person as an equity award under the Sky Quarry Inc. 2024 Equity Incentive Plan. The amount of securities beneficially owned reflects a 1-for-8 reverse stock split effected by the Issuer since the reporting person's last Form 4 filing.

	/s/ Matthew Flemming	05/29/2026
	** 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.
* Form 4: SEC 1474 (03-26)