Form 4: Former Sky Quarry CEO Sells Over 190K Shares

David Sealock, former CEO of Sky Quarry Inc., reported the sale of 191,533 common shares in two separate transactions.

Summary

• David Sealock, identified as the former CEO of Sky Quarry Inc. (SKYQ), reported changes in his beneficial ownership of common shares.
• On October 31, 2025, Sealock sold 81,835 common shares at a price of $0.459 per share.
• Following this transaction, his direct beneficial ownership stood at 645,675 common shares.
• On November 3, 2025, an additional 109,698 common shares were sold at a price of $0.45 per share.
• After both reported transactions, Sealock's direct beneficial ownership of common shares is 535,977.
• The transactions were 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).

Sentiment

Score: 4

Explanation: The insider selling, while under a 10b5-1 plan, still represents a reduction in a former executive's stake, which can be viewed with slight caution by the market.

Positives

• The sales were conducted under a Rule 10b5-1(c) plan, indicating they were pre-scheduled and not based on new, non-public information, which can mitigate negative market perception.

Negatives

• The sale of a significant number of shares (191,533 total) by a former CEO, even if pre-planned, can be interpreted by the market as a signal of limited upside or a move to take profits, potentially exerting downward pressure on the stock price.

Industry Context

This filing reports an insider transaction, which is specific to the company and its former executive, rather than reflecting broader industry trends. Insider selling can be a common occurrence for various personal financial planning reasons.

Stakeholder Impact

• Shareholders may interpret the insider selling as a signal, potentially influencing their perception of the company's future prospects or valuation.

Key Dates

Recommendation

The reported insider sales by a former CEO, while potentially pre-planned under a Rule 10b5-1 plan, introduce a degree of caution. Without additional financial or operational updates, a 'hold' recommendation is prudent to assess broader company performance and market sentiment.

Keywords

Sky Quarry, SKYQ, David Sealock, insider trading, Form 4, share sale, beneficial ownership, former CEO, 10b5-1 plan