[Form 4] Sky Quarry Inc. Insider Trading Activity

Rhea-AI Filing Summary

Reporting person: Sherrie Delwo, listed with an address in Calgary, filed a Form 4 disclosing an open‑market sale of company common shares in Sky Quarry Inc. (SKYQ). The single reported transaction on 08/22/2025 shows 23 common shares sold at a price of $0.48 per share, leaving the reporting person with 81,473 shares beneficially owned in a direct capacity.

Relationship and filing note: The form indicates the filer is an officer and is identified as the spouse of a former CFO. The filing was submitted late and includes an explicit explanation that the delay was unintentional.

Positive

• Disclosure provided of current beneficial ownership showing 81,473 direct shares held after the transaction
• Explanation included for late filing stating the delay was unintentional

Negative

• Form 4 was filed late, indicating a compliance or reporting controls lapse
• Insider executed a sale (23 shares at $0.48), which may prompt routine governance review despite small size

Insights

Securities Analyst

TL;DR Small insider sale reported late; remaining stake substantial but transaction size is immaterial.

The Form 4 documents a minor disposition of 23 common shares at $0.48 on 08/22/2025, leaving a direct beneficial holding of 81,473 shares. From a securities-disclosure standpoint the late filing is material procedurally because Section 16 requires timely reporting, but the economic impact of the reported sale is negligible given the very small share count. The filing clarifies the reporting persons relationship to the issuer as an officer and spouse of a former CFO, and the Form includes an attestation that the late filing was unintentional.

Corporate Governance Expert

TL;DR Late reporting raises governance/controls questions despite the immaterial trade size.

The schedule shows a routine open-market sale of 23 shares at $0.48, with 81,473 shares retained. While the transaction itself is immaterial economically, the late filing warrants internal review of insider reporting procedures and controls. The filers designation as an officer and spouse of a former CFO is disclosed, and the explanatory note states the tardiness was unintentional, which is typical language when correcting compliance oversights.

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)
			Former CFO Spouse

3. Date of Earliest Transaction (Month/Day/Year)
08/22/2025

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(1)	08/22/2025		S		23	D	$0.48	81,473	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. This Form 4 is being filed late to report transactions that were not previously timely reported. The delay was unintentional.

	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 did Sherrie Delwo report on the Form 4 for SKYQ?

The Form 4 reports a sale of 23 common shares of Sky Quarry Inc. on 08/22/2025 at $0.48 per share, leaving 81,473 shares beneficially owned.

When was the transaction executed and when was the Form 4 signed?

The transaction date is 08/22/2025. The Form 4 bears the reporting persons signature dated 09/10/2025.

What relationship to the company does the reporting person have?

The form identifies the reporting person as an officer and notes they are the spouse of a former CFO of the issuer.

Does the filing indicate why it was late?

Yes. The form includes an explanation stating: "This Form 4 is being filed late to report transactions that were not previously timely reported. The delay was unintentional."

Is the disclosed sale economically significant to SKYQ?

No. The sale of 23 shares at $0.48 is immaterial in size compared with the remaining 81,473 shares reported as owned.