Filing Details

Accession Number:
0001493152-24-024020
Form Type:
4
Zero Holdings:
No
Publication Time:
2024-06-14 21:44:06
Reporting Period:
2024-06-12
Accepted Time:
2024-06-14 21:44:06
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1162896 Prairie Operating Co. PROP Crude Petroleum & Natural Gas (1311) 980357690
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1904957 Erik Thoresen 602 Sawyer Street,
Suite 710
Houston TX 77007
Yes No No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Acquisiton 2024-06-12 6,863 $0.00 6,863 No 4 M Direct
Common Stock Disposition 2024-06-12 179 $12.86 6,684 No 4 S Direct
Common Stock Disposition 2024-06-14 426 $10.98 6,258 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 M Direct
No 4 S Direct
No 4 S Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Restricted Stock Units Disposition 2024-06-12 6,863 $0.00 6,863 $0.00
Common Stock Restricted Stock Units Acquisiton 2024-06-12 7,614 $0.00 7,614 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
0 No 4 M Direct
7,614 No 4 A Direct
Footnotes
  1. On October 16, 2023, the Issuer affected a reverse stock split at an exchange ratio of 1:28.5714286.
  2. The restricted stock units ("RSUs") were granted on August 25, 2023, vested on May 3, 2024, and were settled on June 12, 2024. The RSUs represent the economic equivalent of one share of common stock, par value $0.01 per share, of the Issuer ("Common Stock"). Pursuant to the terms of the award agreement, 100% of the RSUs were settled in Common Stock.
  3. The price reported in this Column 4 is a weighted average price. These shares were sold in multiple transaction prices ranging from $12.75 to $13.18, inclusive. The reporting person undertakes to provide to Prairie Operating Co. (the "Company"), any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each price within the ranges set forth in footnotes (3) and (4) to this Form 4.
  4. The price reported in this Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $10.90 to $11.01, inclusive.
  5. Each RSU represents a contingent right to receive (a) with respect to 60% of the RSUs, one share of Common Stock, and (b) with respect to 40% of the RSUs, either one share of Common Stock or an amount of cash equal to the fair market value of one share of Common Stock.
  6. The RSUs vest 100% on June 5, 2025.