Form 4: Former Sky Quarry CEO Sells Shares

David Sealock, former CEO of Sky Quarry Inc., reported the sale of 20,405 common shares at $0.406 per share under a Rule 10b5-1 plan, reducing his direct beneficial ownership to 515,572 shares.

Summary

• David Sealock, identified as the former CEO of Sky Quarry Inc. (SKYQ), reported a transaction involving the company's securities.
• He disposed of 20,405 common shares on November 5, 2025.
• The shares were sold at a price of $0.406 per share.
• This transaction was made pursuant to a contract, instruction, or written plan intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
• Following the reported transaction, Sealock directly beneficially owns 515,572 common shares.

Sentiment

Score: 5

Explanation: The sale by a former CEO, while a reduction in insider ownership, was conducted under a Rule 10b5-1 plan. This suggests the transaction was pre-scheduled for diversification or liquidity purposes rather than being based on new, negative information about the company. Therefore, the market impact is likely neutral to slightly negative, as it's a known mechanism for insiders to manage their holdings.

Negatives

• An insider, the former CEO, reduced his direct beneficial ownership by selling 20,405 common shares.

Future Outlook

NA

Industry Context

This is an insider transaction report and does not provide broader industry context. However, sales under a Rule 10b5-1 plan are generally viewed as less indicative of negative company-specific news compared to open-market sales, as they are pre-scheduled.

Related Party Transactions

• The transaction involves the sale of common shares by David Sealock, a former CEO and insider of Sky Quarry Inc.

Stakeholder Impact

• Shareholders may note the reduction in insider ownership, though the 10b5-1 plan mitigates the negative signal often associated with insider selling.
• The transaction could have a minor impact on investor sentiment, but is unlikely to be a major driver of stock price given its pre-planned nature.

Key Dates

Recommendation

The sale by the former CEO was executed under a Rule 10b5-1 plan, which typically mitigates the negative signal often associated with insider selling. This suggests the transaction was pre-planned and not necessarily indicative of a change in the company's fundamental outlook. Without additional information on the company's performance or strategic direction, a 'hold' recommendation is appropriate as this filing alone does not provide a strong catalyst for a 'buy' or 'sell' decision.

Keywords

Sky Quarry Inc., SKYQ, David Sealock, Insider Trading, Form 4, Share Sale, Common Shares, Beneficial Ownership, Rule 10b5-1