Form 4: Former Sky Quarry CEO Sells Shares Under 10b5-1 Plan

Sentiment:

Insider Transaction Report 23 October 2025 11:53 AM

David Sealock, former CEO of Sky Quarry Inc., reported the sale of 199,990 common shares over two days in October 2025 under a pre-arranged trading plan.

Worse than expectedInsider selling by a former CEO, even if pre-planned, can signal a lack of confidence or a desire to diversify holdings, which is often viewed negatively by investors.The sales occurred at relatively low share prices.

Summary

David Sealock, former CEO of Sky Quarry Inc. (SKYQ), reported the sale of common shares.
On October 20, 2025, Sealock sold 131,433 common shares at a price of $0.4486 per share.
Following the October 20, 2025 transaction, Sealock beneficially owned 896,067 common shares.
On October 21, 2025, Sealock sold an additional 68,557 common shares at a price of $0.4252 per share.
After the October 21, 2025 transaction, Sealock's beneficial ownership decreased to 527,510 common shares.
The transactions were made pursuant to a contract, instruction, or written plan intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Sentiment

Score: 4

Explanation: The sentiment is slightly negative due to insider selling by a former CEO. While the 10b5-1 plan mitigates some of the immediate negative implications, it still represents a reduction in insider holdings.

Positives

The sales were conducted under a Rule 10b5-1(c) plan, indicating they were pre-scheduled and not necessarily a reaction to recent negative company developments.

Negatives

Insider selling by a former CEO can be interpreted by the market as a negative signal regarding future company prospects or valuation.
The shares were sold at relatively low prices of $0.4486 and $0.4252 per share.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding Sky Quarry Inc.'s future outlook.

Industry Context

This filing is specific to an insider transaction at Sky Quarry Inc. and does not provide broader industry context or trends.

Stakeholder Impact

Shareholders may perceive the insider selling as a negative signal, potentially leading to downward pressure on the stock price.

Key Dates

Date	Description
10/20/2025	Transaction date for the sale of 131,433 common shares.
10/21/2025	Transaction date for the sale of 68,557 common shares.
10/23/2025	Signature date of the reporting person, David Sealock.

Recommendation

hold

While insider selling by a former CEO can be a negative signal, the transactions were made under a Rule 10b5-1 plan, suggesting they were pre-scheduled and not necessarily indicative of new negative information. Investors should monitor future filings and company performance for more comprehensive insights before making significant investment decisions.

Keywords

Sky Quarry, SKYQ, David Sealock, insider trading, Form 4, share sale, common shares, 10b5-1 plan

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