Sky Quarry Form 4: Sherrie Delwo disposes of all Sky Quarry shares on 09/08/2025
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
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.
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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Shares | 3,700 | $0.673 | $2K |
| Sale | Common Shares | 2,606 | $0.67 | $2K |
| Sale | Common Shares | 4,346 | $0.666 | $3K |
| Sale | Common Shares | 9,348 | $0.662 | $6K |
| Sale | Common Shares | 9,655 | $0.659 | $6K |
| Sale | Common Shares | 30,345 | $0.655 | $20K |
| Sale | Common Shares | 5,126 | $0.642 | $3K |
| Sale | Common Shares | 16,347 | $0.638 | $10K |