[Form 4] Sky Quarry Inc. Insider Trading Activity

Rhea-AI Filing Summary

Sherrie Delwo, identified as the CFO spouse/Other, reported sales of Sky Quarry Inc. (SKYQ) common shares on 08/20/2025 and 08/21/2025. On 08/20/2025 she sold 18,800 shares at $0.45, reducing her beneficial ownership to 81,500 shares. On 08/21/2025 she sold 4 shares at $0.48, reducing beneficial ownership to 81,496 shares. The filing notes it was submitted late and that the delay was unintentional. The form is signed and dated 09/05/2025.

Positive

• Transactions fully disclosed on Form 4 with specific dates, prices, and post-transaction holdings
• Beneficial ownership remains material at 81,496 shares after the reported sales

Negative

• Late filing admitted in the form, which raises disclosure and compliance concerns
• Insider sales occurred (18,800 shares and 4 shares), reducing insider holdings

Insights

Securities Analyst

TL;DR Insider sales were small relative to total ownership and were reported late; transaction sizes suggest routine disposition rather than control change.

The reported dispositions are specific: 18,800 shares at $0.45 and 4 shares at $0.48, leaving beneficial ownership of 81,496 shares. The transactions are disclosed as sales, not derivative exercises, and no change in control is indicated. The late filing is noted as unintentional, which raises compliance considerations but no direct operational or financial impact on Sky Quarry is described in this filing.

Corporate Governance Expert

TL;DR A late Form 4 filing reduces disclosure quality; the sales themselves are routine but governance processes should address reporting timeliness.

The record shows a clear admission that the Form 4 was filed late to report the transactions. While the quantities sold (18,804 shares total) do not indicate a shift in control, the admission of filing delay is material from a disclosure and compliance perspective and suggests internal controls over Section 16 reporting need review.

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

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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)
			CFO Spouse

3. Date of Earliest Transaction (Month/Day/Year)
08/20/2025

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	08/20/2025(1)		S		18,800(1)	D	$0.45	81,500	D
Common Shares	08/21/2025(1)		S		4	D	$0.48	81,496	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	09/05/2025
	** 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 sell according to the SKYQ Form 4?

She sold 18,800 common shares on 08/20/2025 at $0.45 and 4 common shares on 08/21/2025 at $0.48.

How many Sky Quarry (SKYQ) shares does the reporting person own after the transactions?

The filing reports beneficial ownership of 81,500 shares after the 08/20 sale and 81,496 shares after the 08/21 sale.

Was the Form 4 filed on time for the SKYQ transactions?

No. The form explicitly states it was filed late and that the delay was unintentional.

What is the reporting person’s relationship to Sky Quarry?

The filer is identified as Other (CFO spouse) on the Form 4.

When was the Form 4 signed?

The Form 4 was signed by Sherrie Delwo on 09/05/2025.