[Form 4] Sky Quarry Inc. Insider Trading Activity

Rhea-AI Filing Summary

David Sealock, who is listed as CEO and a Director of Sky Quarry Inc. (SKYQ), reported a transaction with an earliest transaction date of 02/18/2025. The Form 4 shows 428,880 common shares were disposed (transaction code G) at a reported price of $0, leaving 1,027,500 common shares beneficially owned following the reported transaction. The filing includes an explanation that the Form 4 was filed late and that the delay was unintentional. The document is signed by David Sealock with a signature date of 09/08/2025. All figures and labels are presented as reported on the Form 4.

Positive

• Continued significant ownership: Reporting person still beneficially owns 1,027,500 common shares after the reported transaction.
• Disclosure provided: The Form 4 documents the transaction details and includes a signed filing with an explanation for the delay.

Negative

• Late filing: The form states it was filed late and attributes the delay to an unintentional error.
• Large disposal reported: 428,880 common shares were disposed according to the report.
• Reported price is $0: The Form 4 lists a price of $0 for the disposed shares, which is notable in the reported data.

Insights

Financial Analyst

TL;DR: Large insider disposal reported; filing was late but ownership remains material at 1,027,500 shares.

The report documents a significant disposal of 428,880 common shares by David Sealock on 02/18/2025 with a reported price of $0, leaving 1,027,500 shares beneficially owned. The Form 4 states the filing was late and the delay was unintentional. From a market-impact perspective, the filing notifies investors of a sizeable change in insider holdings; the filing itself provides no earnings or operational data. The facts are limited to the reported share change, filing timing, and declared role of the reporting person.

Corporate Governance Expert

TL;DR: Material insider transaction disclosed with a late filing; disclosure completeness and timing are the primary governance concerns.

The disclosure shows David Sealock as both CEO and a Director and records a disposal of 428,880 common shares on 02/18/2025, leaving 1,027,500 shares. The filer appended an explanation that the Form 4 was filed late and the delay was unintentional. The document contains explicit transaction codes and quantities but does not provide additional context such as the reason for the disposal. Governance review should focus on timely reporting practices and whether the late filing triggered any internal controls or disclosure follow-up.

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^*

Sealock David

(Last) (First) (Middle)

434-20 SETON PK SE

(Street)

CALGARY A0 T3M2V4

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
02/18/2025

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)	02/18/2025		G		428,880	D	$0	1,027,500	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.

	David Sealock	09/08/2025
	** 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 Sky Quarry (SKYQ) insider David Sealock report on Form 4?

The Form 4 reports a disposal of 428,880 common shares with a reported price of $0, leaving 1,027,500 shares beneficially owned.

When was the transaction dated on the Form 4 for David Sealock (SKYQ)?

The earliest transaction date reported on the Form 4 is 02/18/2025.

Was the Form 4 for Sky Quarry insider trading filed on time?

No. The filing includes an explanation stating: 'This Form 4 is being filed late to report transactions that were not previously timely reported. The delay was unintentional.'

What roles does the reporting person hold at Sky Quarry (SKYQ)?

The Form 4 lists David Sealock as a Director and as an Officer with the title CEO.

When was the Form 4 signed by the reporting person?

The document is signed by David Sealock with a signature date of 09/08/2025.