SCHEDULE: Sky Quarry Inc. Discloses Passive Ownership Stakes

Janey Baker and Varie Asset Management LLC have disclosed passive beneficial ownership stakes in Sky Quarry Inc. common stock.

Summary

• Janey Baker beneficially owns 89,671 shares of Sky Quarry Inc. common stock, representing 2.39% of the class.
• This ownership includes 32,003 shares held in her personal account and 57,668 shares held by Varie Asset Management LLC.
• Varie Asset Management LLC beneficially owns 57,668 shares, representing 1.54% of the class.
• Varie's ownership comprises 30,168 directly held shares and 27,500 shares associated with outstanding loans to Sky Quarry Inc.
• Ms. Baker disclaims beneficial ownership in the shares held by Varie, except to the extent of any pecuniary interest therein.
• The filing is a Schedule 13G, indicating a passive investment intent.
• The percentage of class is determined based on 3,745,355 shares of Sky Quarry Inc.'s common stock outstanding as of March 16, 2026.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing. It's a standard regulatory disclosure of passive ownership and does not inherently signal strong positive or negative sentiment regarding the company's prospects.

Positives

• The disclosure of ownership by an individual and an asset management firm can signal investor interest and confidence.
• The filing indicates a passive investment approach, suggesting no immediate intent to influence the company's control or operations.

Negatives

• The ownership percentages are relatively small, below the 5% threshold that often triggers more active reporting (Schedule 13D) and potential strategic involvement.
• No significant change in ownership that would typically drive a strong positive or negative market reaction is evident.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that Schedule 13G filings are routine disclosures for passive investors holding less than 5% of a company's stock, or certain institutional investors holding up to 20% without intent to control. This filing indicates standard portfolio management activity rather than a strategic move to influence Sky Quarry Inc.'s operations or direction.

Comparison to Industry Standards

• This filing is a standard regulatory disclosure for passive ownership. There are no specific comparable companies or projects mentioned within the filing to assess against global benchmarks.
• The ownership percentages of 2.39% and 1.54% are typical for passive institutional or individual investors who are not seeking to exert control over the company, aligning with the purpose of a Schedule 13G filing.

Stakeholder Impact

• Shareholders: Provides transparency regarding significant passive ownership stakes, which can offer insight into investor interest.

Key Dates

Recommendation

This Schedule 13G filing is a routine disclosure of passive ownership and does not provide new fundamental information about Sky Quarry Inc.'s operations, financial performance, or strategic direction that would warrant a change in investment recommendation. The disclosed stakes are relatively small and indicate no intent to influence control, suggesting a 'hold' position is appropriate based solely on this filing.

Keywords

Sky Quarry Inc., Common Stock, Schedule 13G, Beneficial Ownership, Janey Baker, Varie Asset Management LLC, Passive Investment, SEC Filing