Former Director Leo Womack Files Intent to Sell Additional $62.9K in Sky Quarry Stock Amidst Financial Distress
SKYQ has more than doubled off its 52-week low of $1.66.
Summary
Former Director Leo Womack has filed another Form 144 to sell approximately $62,910 worth of Sky Quarry Inc. shares, continuing a pattern of insider sales amidst the company's severe financial challenges.
Key Events · Ownership and Investor Activity · SKYQ
-
Former Director Files Intent to Sell
Leo B Womack, a former director, filed a Form 144 indicating an intent to sell 6,750 shares of common stock, valued at approximately $62,910.68, with an approximate sale date of April 20, 2026.
-
Continuation of Recent Sales Pattern
This filing follows a series of sales by Womack, who has sold 22,000 shares for gross proceeds of $109,542.43 over the past three months, including recent transactions on April 7, 13, and 14, 2026.
-
Context of Financial Distress
The ongoing insider sales occur as Sky Quarry Inc. faces significant financial challenges, including a going concern warning and a foreclosure lawsuit related to $7.6 million in past-due debt, as disclosed in its recent 10-K.
Analysis · SKYQ · Energy & Transportation
Former Director Leo B Womack has filed a Form 144 indicating an intent to sell 6,750 shares of Sky Quarry Inc. common stock, valued at approximately $62,910.68. This filing continues a pattern of sales from Womack, who has sold 22,000 shares for over $109,000 in gross proceeds over the past three months, including recent sales on April 7, 13, and 14. The ongoing sales from a former director, especially given the company's recent 10-K filing disclosing a going concern warning and significant past-due debt, could be perceived negatively by investors, signaling a lack of confidence in the company's future.
How filings like this one have moved
In the 30 days to Oct 2, 2026, 29.6% of the 1645 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.57%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, SKYQ was trading at $8.91 on NASDAQ in the Energy & Transportation sector, with a market capitalization of approximately $34.3M. The 52-week trading range was $1.66 to $19.45. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.