FLEMMING MATTHEW C 4
Research Summary
AI-generated summary
Sky Quarry (SKYQ) Interim CEO Matthew Flemming Receives 30,000-Share Award
What Happened
- Matthew C. Flemming, Interim CEO, Interim CFO and Director of Sky Quarry Inc. (SKYQ), was granted 30,000 shares of common stock as an equity award on May 27, 2026. The transaction shows an acquisition at $0.00 per share (total cash paid $0), i.e., a stock award rather than an open-market purchase.
Key Details
- Transaction date: 2026-05-27; Form 4 filed: 2026-05-29 (timely filing).
- Transaction type/code: A (award/grant); 30,000 shares acquired at $0.00.
- Shares owned after transaction: Not specified in the provided filing details.
- Footnote: Award granted under the Sky Quarry Inc. 2024 Equity Incentive Plan. The reported holdings reflect a 1-for-8 reverse stock split the company effected since the reporting person's last Form 4.
- No indication of a sale, exercise, tax withholding, or 10b5-1 plan in this filing.
Context
- This was an equity grant (compensation/retention), not a market purchase or sale; such awards are common for executives and do not by themselves indicate buying or selling intent. The Form 4 did not disclose vesting terms or whether any shares are restricted, so consult future filings (or the company’s proxy/SEC filings) for vesting schedules and potential dilution.