Form 4: JPMorgan Chase No Longer 10% Owner of Sky Quarry

JPMorgan Chase & Co. and JPMorgan Chase Funding Inc. report their beneficial ownership in Sky Quarry Inc. has fallen below 10% due to an increase in the company's outstanding shares.

Summary

• JPMorgan Chase & Co. and JPMorgan Chase Funding Inc. are no longer 10% owners of Sky Quarry Inc.
• Their beneficial ownership decreased below 10% due to an increase in Sky Quarry Inc.'s total outstanding shares, not through a sale of shares by JPMorgan.
• Following this change, JPMorgan Chase & Co. beneficially owns 2,249,882 shares of Sky Quarry Inc. common stock.
• The event triggering this change in ownership status occurred on September 30, 2024.

Sentiment

Score: 5

Explanation: Neutral. This is a factual report of a change in beneficial ownership percentage, not indicating positive or negative performance or outlook for the company or the reporting entity.

Future Outlook

No forward-looking statements or guidance are provided in this filing.

Industry Context

This filing reports a specific change in an institutional investor's percentage ownership due to dilution, rather than an active transaction, and does not provide broader industry context.

Stakeholder Impact

• Shareholders: The reduction in JPMorgan's percentage ownership, while passive, could be noted by other investors, though it does not reflect a divestment by JPMorgan.
• JPMorgan Chase: No longer subject to Section 16 reporting requirements for Sky Quarry Inc., reducing their regulatory burden related to this specific holding.

Next Steps

• JPMorgan Chase & Co. and JPMorgan Chase Funding Inc. are no longer subject to Section 16 reporting requirements for Sky Quarry Inc. as 10% owners.

Key Dates

Keywords

JPMorgan Chase, Sky Quarry Inc., SKYQ, Beneficial Ownership, SEC Form 4, 10% Owner, Shareholding, Institutional Investor