[Form 4] Sky Quarry Inc. Insider Trading Activity

Rhea-AI Filing Summary

Sky Quarry Inc. (SKYQ) CFO Darryl Delwo reported a transfer of common shares to his spouse dated 02/09/2024. The Form 4 reports a disposition of 100,000 shares at a $0 reported price and shows 125,000 common shares beneficially owned by the reporting person after the transaction. The filing states the transfer was made to the filer’s spouse and that the Form 4 was filed late due to administrative oversight; the signature block shows the form signed on 09/05/2025.

Positive

• Reported transfer disclosed — the Form 4 documents the transfer and final beneficial ownership, providing transparency despite the late filing.

Negative

• Late filing — the Form 4 was filed after the transaction date and the filer attributes the delay to administrative oversight.
• Reduction in insider direct holdings — the disposition of 100,000 shares reduced the reporting person’s direct holdings to 125,000 shares.

Insights

Corporate Governance Expert

TL;DR: Insider transferred shares to spouse and the Form 4 was filed late; this is a governance disclosure issue rather than an operational development.

The filing documents a direct disposition of 100,000 common shares from CFO Darryl Delwo to his spouse on 02/09/2024, leaving 125,000 shares beneficially owned. The report notes the Form 4 was submitted late due to administrative oversight. From a governance perspective, timely Section 16 reporting is required to maintain transparency for investors; late filing raises process and compliance questions but does not, on its face, indicate economic or operational change at the issuer.

Securities Compliance Analyst

TL;DR: The transaction is a personal transfer with no price reported and a late filing; materiality to investors appears limited.

The disclosure shows a disposition coded as G of 100,000 shares at a reported price of $0, with the filer retaining 125,000 shares after the transfer. The Explanation of Responses states the transfer was to the filer’s spouse and the delay was administrative. For securities compliance, the late report is noteworthy and could attract regulatory scrutiny if repeated, but the filing itself contains only a personal transfer and does not disclose any issuer-level financial or operational impact.

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
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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 Darryl

(Last) (First) (Middle)

88 ELGIN VIEW SOUTHEAST

(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
X	Officer (give title below)		Other (specify below)
	CFO

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(1)	02/09/2024(1)		G(1)		100,000	D	$0(1)	125,000	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 to the filers spouse that occurred on February 9 in 2024. The delay was due to administrative oversight.

	Darryl 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 transaction did the Sky Quarry (SKYQ) Form 4 report?

The Form 4 reports a disposition of 100,000 common shares by CFO Darryl Delwo to his spouse on 02/09/2024.

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

The filing shows 125,000 common shares beneficially owned by the reporting person following the reported transfer.

Was the Form 4 filed on time for Sky Quarry (SKYQ)?

No. The Explanation of Responses states the Form 4 was filed late due to administrative oversight, and the signature date is 09/05/2025.

What was the reported price for the Sky Quarry (SKYQ) share transfer?

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

What was the stated reason for the late filing of the Form 4?

The filer states the delay was due to an administrative oversight when reporting the transfer to the filer’s spouse.