Form 4: Former Sky Quarry CEO Sells Shares in Pre-Planned Trade

David Sealock, former CEO of Sky Quarry Inc., sold 40,500 common shares at $0.4065 per share, reducing his beneficial ownership to 275,072 shares.

Summary

• David Sealock, identified as the former CEO of Sky Quarry Inc. (SKYQ), reported a transaction.
• The transaction involved the sale of 40,500 common shares.
• The shares were sold at a price of $0.4065 per share.
• The transaction occurred on December 1, 2025.
• Following this transaction, David Sealock beneficially owns 275,072 common shares.
• The sale was made pursuant to a contract, instruction, or written plan intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Sentiment

Score: 5

Explanation: The sentiment is neutral. While insider selling can sometimes be viewed negatively, this transaction is a pre-planned sale by a former CEO, which typically carries less negative weight than an unplanned sale by a current executive.

Positives

• NA

Negatives

• David Sealock, a former CEO, sold 40,500 common shares, which, despite being a pre-planned transaction under Rule 10b5-1(c), could still be interpreted by some investors as a reduction in insider confidence.

Risks

• While the sale was pre-planned, any significant insider selling can sometimes lead to negative market sentiment or increased scrutiny of the company's performance and future outlook.

Future Outlook

NA

Industry Context

Insider transactions, particularly sales by executives, are routinely disclosed to provide transparency into management's holdings and investment decisions. Pre-planned sales under Rule 10b5-1(c) are common for executives to manage their personal finances while adhering to insider trading regulations.

Comparison to Industry Standards

• NA

Stakeholder Impact

• Shareholders may note the reduction in beneficial ownership by a former executive, though the pre-planned nature of the sale under Rule 10b5-1(c) may mitigate concerns regarding the company's immediate prospects.

Key Dates

Keywords

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