Filing Details

Accession Number:
0001493152-24-024017
Form Type:
4
Zero Holdings:
No
Publication Time:
2024-06-14 21:44:08
Reporting Period:
2024-06-12
Accepted Time:
2024-06-14 21:44:08
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
1780192 Bryan Freeman 602 Sawyer Street,
Suite 710
Houston TX 77007
Exec Vp Of Operations No Yes 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 47,963 $0.00 147,963 No 4 A Direct
Common Stock Disposition 2024-06-12 852 $12.85 147,111 No 4 S Direct
Common Stock Disposition 2024-06-14 1,985 $10.98 145,126 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 A 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 Performance Units Acquisiton 2024-06-12 31,976 $0.00 31,976 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
31,976 No 4 A Direct
Footnotes
  1. Represents restricted stock units ("RSUs") granted under the 2024 Amended & Restated Prairie Operating Co. Long-Term Incentive Plan (the "LTIP"). Each RSU represents a contingent right to receive, upon vesting, one share of common stock, par value $0.01 per share, of the Issuer ("Common Stock"). The 47,963 RSUs reported on this Form 4 will vest ratably in three annual installments beginning on March 5, 2025.
  2. Represents shares of Common Stock sold to cover tax withholding obligations.
  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. Represents an award of performance units representing a contingent right to receive one share of Common Stock per performance unit. Between 0% and 200% of the target number of performance units granted, which were granted under the LTIP, are eligible to vest during a three-year performance period beginning on January 1, 2024 and ending on December 31, 2026 based on continued employment and the Issuer's relative total shareholder return in comparison to the total shareholder return performance among the Performance Peer Group (as defined in the award agreement).