Sky Quarry Inc SEC Filings

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.

The excerpt is from Sky Quarry Inc.'s preliminary proxy describing eligibility/disqualification language and how equity awards are treated in a "Corporate Transaction." It requires disclosure of certain criminal or regulatory judgments limiting a person's involvement in financial or securities activities. The award provisions give the Administrator broad discretion, without participant consent, to continue, assume, substitute, cancel with cash payment based on the excess of fair market value over exercise price, or cancel awards for no consideration in connection with a Corporate Transaction. It also states that escrow, holdback, earn-out or similar deal provisions will apply to any payments under the plan to the same extent they apply to common stock holders, and that such application is subject to applicable law including Section 409A of the Internal Revenue Code.

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.

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.

Sky Quarry Inc. amended its S-1 registration to disclose multiple equity instruments and updates to the offering structure. The company may issue up to 13,654,230 shares to a Selling Stockholder under a Purchase Agreement dated July 9, 2025, including 366,260 Initial Commitment Shares and up to 13,104,839 additional shares under the same agreement. Outstanding warrants potentially convert into 4,910,518 shares at a weighted average exercise price of $2.00 per share. An outstanding promissory note of $2,000,000 is convertible at $4.80 per share. Additional reserves include 3,067,547 shares under the 2020 Stock Plan and 120,000 shares issuable on conversion of a Convertible Note. The filing references multiple prior amendments to the Annual Report and other SEC filings.

Sky Quarry Inc. filing of Form 144 notifies the proposed sale of 100,000 common shares through Haywood Securities with an aggregate market value of $48,000. The filing shows 22,476,421 shares outstanding, making the proposed block roughly 0.45% of outstanding shares. The seller acquired the shares by a transfer from spouse on 02/09/2024; the donor originally acquired them on 08/01/2020. The approximate sale date listed is 08/19/2025. No securities were reported sold by the selling person in the past three months. The filer affirms no undisclosed material adverse information and includes the standard signature and legal attestation language.

Sky Quarry Inc. reported items from its Form 10-Q showing capital-raising activity and certain cash and warrant accounting entries. The company closed a Regulation A offering on September 29, 2022 generating $18,195,838 in gross proceeds. The filing discloses issuance terms including 3,333,333 shares at $6.00 per share, up to 4,852,224 common shares underlying warrants exercisable at $4.50, and 1,666,667 shares issuable on exercise of Offering Warrants tied to the 2021 Reg A Offering. The company recorded a revaluation of a Purchase Warrant liability with the fair-value adjustment recognized as a loss on debt modification. For operating cash flows, the filing shows positive cash flows from operations of $1,233,822 for the reported period and reports lease liability accretion amounts of $4,781 and $8,472 for the six months ended June 30, 2025 and 2024, respectively.