[Form 4] Sky Quarry Inc. Insider Trading Activity

Rhea-AI Filing Summary

Sky Quarry Inc. reporting person Sherrie Delwo disclosed multiple sales of common shares on 09/08/2025. The transactions show staged dispositions at prices between $0.655 and $0.673 per share, culminating in an acquisition of 16,347 shares at $0.638 and total beneficial ownership reduced to 0 shares after the reported activity.

Positive

• None.

Negative

• Reporting person reduced beneficial ownership to zero after multiple sales on 09/08/2025
• Multiple staged sales at prices between $0.655 and $0.673 executed on the same date
• No explanation provided on the Form 4 for the motive behind the disposals

Insights

Financial Analyst

TL;DR: Insider sales occurred in multiple tranches at ~$0.64–$0.67, leaving the reporting person with zero reported beneficial ownership.

The pattern shows consecutive sales across seven tranches on a single date with prices clustered between $0.655 and $0.673, which reduced reported beneficial ownership from 77,773 to 0 shares. For investors, insider selling may signal liquidity needs or portfolio rebalancing rather than company-specific news; Form 4 alone does not disclose motive.

Corporate Governance Expert

TL;DR: Significant insider disposals completed the same day and left the insider with no reported shares, raising corporate governance and signaling questions.

The reporting shows multiple sales executed on 09/08/2025 and a final acquisition entry that results in zero beneficial ownership. From a governance perspective, full divestiture by an insider, particularly a person identified as "Spouse of Former CFO," may be noteworthy to shareholders assessing insider alignment; the Form 4 provides no explanatory notes.

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

X

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^*

Delwo Sherrie

(Last) (First) (Middle)

88 ELGIN VIEW SE

(Street)

CALGARY A0 00000

(City) (State) (Zip)

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

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

	Director		10% Owner
	Officer (give title below)	X	Other (specify below)
			Spouse of Former CFO

3. Date of Earliest Transaction (Month/Day/Year)
09/08/2025

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

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

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

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 Shares	09/08/2025		S		3,700	D	$0.673	77,773	D
Common Shares	09/08/2025		S		2,606	D	$0.67	75,167	D
Common Shares	09/08/2025		S		4,346	D	$0.666	70,821	D
Common Shares	09/08/2025		S		9,348	D	$0.662	61,473	D
Common Shares	09/08/2025		S		9,655	D	$0.659	51,818	D
Common Shares	09/08/2025		S		30,345	D	$0.655	21,473	D
Common Shares	09/08/2025		S		5,126	D	$0.642	16,347	D
Common Shares	09/08/2025		S		16,347	A	$0.638	0	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:

	Sherrie Delwo	09/10/2025
	** 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.

FAQ

What transactions did Sherrie Delwo report on SKYQ Form 4?

The filing reports multiple sales of Sky Quarry common shares on 09/08/2025, executed in tranches, with prices from $0.655 to $0.673 per share.

How many Sky Quarry shares did the reporting person own after the reported transactions?

The Form 4 shows 0 shares beneficially owned by the reporting person following the reported activity.

What was the largest single tranche reported by Sherrie Delwo?

The largest reported disposal tranche on 09/08/2025 was 30,345 shares sold at $0.655 per share.

Were any derivative securities reported on this Form 4 for SKYQ?

No derivative securities were reported; Table II contains no entries for derivative transactions.

Does the Form 4 explain why the shares were sold?

No. The filing contains no explanatory text describing the reason or plan for the reported sales.