Form 4: Sky Quarry Director Matthew Flemming Reports Acquisition and Disposal of Common Stock

Director Matthew Flemming reports acquiring and disposing of 83,334 shares of Sky Quarry Inc. common stock on November 1, 2024, related to his board service.

Summary

• Matthew Flemming, a director of Sky Quarry Inc., filed a Form 4 with the SEC.
• The report details the acquisition and disposal of 83,334 shares of common stock on November 1, 2024.
• These shares were issued to Mr. Flemming as compensation for his service on the company's board of directors.
• The shares vest over a twelve-month period starting November 1, 2024.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, indicating a neutral sentiment.

Positives

• The issuance of shares to a director aligns their interests with the company's success.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment of interests.

Related Party Transactions

• The issuance of stock to Matthew Flemming for his service on the board of directors constitutes a related party transaction.

Stakeholder Impact

• Shareholders can monitor insider transactions to assess management's alignment with their interests.

Key Dates

Keywords

Form 4, Director, Matthew Flemming, Sky Quarry Inc., Common Stock, Beneficial Ownership, SEC