Insider Transfer Filed Late: SKYQ Form 4 Shows 100,000 Shares at $0

Rhea-AI Filing Summary

Sherrie Delwo, identified as the spouse of the company CFO and a reporting person for Sky Quarry Inc. (SKYQ), reported a transfer of 100,000 common shares on 02/09/2024. The transaction is coded as a transfer (code G) with a reported price of $0, and the filing shows 100,000 shares beneficially owned following the transaction in a direct ownership form. The Form 4 was filed late; the filer explains the delay as an administrative oversight. The report also indicates the filer checked the box noting cessation of Section 16 status effective 08/04/2025. The form bears the reporting person’s signature dated 09/05/2025. This filing documents a single non-derivative share transfer and the reporter’s change in Section 16 status.

Positive

• Reported transfer disclosed to SEC despite filing delay, providing transparency into insider holdings
• Form indicates direct ownership and quantifies the post-transaction position as 100,000 shares

Negative

• Late filing: the Form 4 was filed well after the transaction date and signed on 09/05/2025, with the filer citing administrative oversight
• Transaction price reported as $0, which offers no cash consideration detail on the form and limits immediate market interpretation
• Cessation of Section 16 status effective 08/04/2025 may reduce future mandatory insider disclosures

Insights

Financial Analyst

TL;DR: Routine insider transfer reported late; no cash consideration and ownership remains at 100,000 shares, limited market impact.

The filing documents a single non-derivative transfer of 100,000 common shares on 02/09/2024 reported under code G with a price of $0, indicating a transfer without cash proceeds recorded on the form. The late filing is attributed to administrative oversight and was signed on 09/05/2025. For investors, this is a disclosure of insider movement rather than operational performance; absent additional context about the reason for transfer or the holder’s overall position, the transaction itself provides limited actionable financial information.

Corporate Governance Expert

TL;DR: Disclosure corrects an untimely reporting gap; cessation of Section 16 status is notable for future reporting obligations.

The Form 4 corrects an earlier unreported transfer and includes an explanation attributing the delay to administrative oversight. The exit box indicating cessation of Section 16 status as of 08/04/2025 is material to compliance: once Section 16 status ends, the individual may no longer be subject to the same short-window reporting requirements. The filing itself does not disclose motives or related-party details beyond the reporter being the CFO’s spouse, so governance oversight should note the late report and the change in reporting status going forward.

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
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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 T2Z4N2

(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)
02/09/2024

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	02/09/2024(1)		G		100,000(1)	A	$0	100,000	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 a transfer of shares from the filers spouse on February 9, 2024. The delay was due to administrative oversight.

Remarks:

The exit box is checked to indicate cessation of Section 16 status on August 4, 2025.

	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

How many shares did Sherrie Delwo transfer according to the Form 4 (SKYQ)?

The Form 4 reports a transfer of 100,000 common shares on 02/09/2024.

What price is shown for the transaction on the Form 4 filed for SKYQ?

The transaction is reported with a price of $0 on the Form 4.

When was the Form 4 for the 02/09/2024 transfer signed and filed?

The Form 4 bears the reporting person’s signature dated 09/05/2025.

Does the filing indicate any change in Section 16 reporting status for the filer?

Yes, the filer checked the box indicating cessation of Section 16 status effective 08/04/2025.

What relationship to the issuer does the reporting person have per the Form 4?

The reporting person is identified as the spouse of the CFO (listed under Other) on the Form 4.